5 Things You Need to Know About Transfer Taxes

Selling your home can be such a joy and sometimes even a relief. However, the process isn’t over when the buyer signs on the dotted line. The transfer taxes still must be processed. Taxes have a way of making people’s heads spin.

What is a Real Estate Assessment and How Does It Affect Me?

Every town or city assesses homes to determine their value for property tax purposes. Since your new home mortgage will include an escrow account (money set aside each month) to pay things like property taxes and homeowners’ insurance, the assessed value of the home you’re buying will definitely affect what your monthly mortgage payment will be — just not necessarily at the outset.

5 Reasons to Finance with a Private Mortgage Lender

Choosing a lender for your home purchase does not have to be a difficult decision. Both traditional banks and private mortgage lenders can get the job done. However, there are many advantages to applying for a home loan through a private mortgage lender, such as First Savings Mortgage.

What is a Bridge Loan and Who Should Get One?

A bridge loan is a short term loan used to allow you to “bridge” the gap between purchasing your new home and selling you old one. In other words, they are designed to allow you to buy before you have closed the sale.

Store Credit Cards: What You Need to Know

We’ve all been checking out a department store ready to pay when the cashier smiles and tells us we can save 25% if we open a store credit card…but is getting a department store credit card a good idea for your long-term credit goals?

Home Preservation Tips for the Harsh Winter Months

For many people, a house is the most valuable asset they possess. Unfortunately, homes are not impervious to wear and tear. The winter season can be especially rough on a home’s components which is why regular home maintenance should be a top priority for homeowners.