Mortgage Down Payment Gift Rules

Mortgage Down Payment Gift Rules

For home buyers struggling to come up with the money for a down payment, loving family members are often considerate enough to give them gifts to help. Gifts can help buyers come up with the big chunk of money they need to buy a home, but there are tax implications...
Should You Buy Your Parent’s Home?

Should You Buy Your Parent’s Home?

When mom and dad are ready to downsize or move to a home with less maintenance, you may have the option to buy their home. Doing so can save quite a bit of hassle for both them and you, limiting the need to enter the home selling or buying market. It can also help you...
Mortgage Rates and COVID-19

Mortgage Rates and COVID-19

Mortgage rates can be temperamental.  The rate the Federal Reserve charges is one of the factors that influence the rate your lender charges you for a mortgage.  Not surprisingly, global economic factors come in to play when deciding mortgage rates. The recent...