Ready to Be a Landlord
Ready to Be a Landlord? Key Considerations Before Renting Your Home Is It a Short-Term Solution? If you’re planning to rent your home for only 6 months to a year, it might not be as profitable as you hope. While rental properties can offer tax breaks, the income is taxable, and short-term rentals may not […]
Are Property Liens Holding You Back
Are Property Liens Holding You Back? Here’s How We Can Help Introduction Property liens can disrupt your ability to sell, refinance, or fully enjoy your home. Whether it’s a tax, mechanic’s, HOA, or nuisance lien, these claims create financial stress. The good news? Liens can be resolved, and selling your property may be the best […]
Mortgage 101
Mortgage 101: Understanding PITI and What Goes Into Your Monthly Payments What Is PITI? PITI stands for Principal, Interest, Taxes, and Insurance—the key components of your monthly housing costs. Let’s break down what each element means: Principal: This is the portion of your payment that reduces the original amount you borrowed for your home. For […]
Facing Foreclosure
Facing Foreclosure? Here’s What You Need to Know Introduction Foreclosure is one of the toughest challenges a homeowner can face, but it’s not inevitable. With the right knowledge and support, you can regain control and explore options to protect your home or financial future. What is Foreclosure? Foreclosure occurs when a homeowner misses mortgage payments, […]
Forbearance and Balloon Payments
Forbearance and Balloon Payments: What You Need to Know The Challenge of Balloon Payments Forbearance offered temporary relief during financial hardship by pausing mortgage payments, but those missed payments still need to be repaid. Many homeowners now face balloon payments—a lump sum of all deferred payments due at once—creating financial strain for those still recovering. […]
How a Tax Lien Can Lead to Foreclosure
How a Tax Lien Can Lead to Foreclosure: What Homeowners Need to Know What is a Tax Lien? A tax lien is a legal claim the government places on your property when you owe back taxes. It can prevent you from selling or refinancing and, if left unpaid, may escalate to foreclosure. How Tax Liens […]