Bella Mertz Married student loan borrowers’ tax filing status, whether they are “married, filing jointly” or “married, filing separately,” affects both their tax liability and student loan repayment amounts. However, filing jointly or separately can also affect your ability to qualify for lower healthcare premiums through the Health Insurance Marketplace. The vast majority of households in the … Read more
Note from the Editor: This article’s content is solely based on the author’s opinions and suggestions. It might not have received approval from any of our network partners through reviews, commissions, or other means. The ability to deduct the interest you pay on your mortgage from your taxable income thanks to the home mortgage interest … Read more
With the addition of our free Spanish homeownership education course, more borrowers will have a clearer understanding of the home-buying process. We now assist lenders in taking into account good rent payment history when evaluating mortgage credit, a crucial step in fostering homeownership opportunities. Helping you on your home journey We provide everyone in the … Read more
Owning a home is still a possibility even if you have limited resources, bad credit, or even a lot of debt. You have options. For instance, you can apply jointly with someone, whether or not they want to live with you. Having a co-borrower or co-signer can mean the difference between a mortgage being approved … Read more
There are instances where a 401(k) loan may become taxable, despite the fact that a 401(k) is typically tax-exempt. Find out when a 401(k) is taxable. 2 min read. A 401(k) loan may be preferable to a hardship withdrawal when borrowing money for urgent short-term needs. Typically, you can borrow no more than $50,000 or … Read more
Government-funded federal student loans have comparatively low interest rates and flexible repayment schedules. But make sure to only take out what you need. You might forfeit free money in the form of scholarships and grants that do not need to be repaid if you borrow the maximum amount that is allowed. Taking out Federal Loans … Read more
You should be glad to know that there are many mortgage lenders that offer home loan programs to self employed borrowers if you are self employed and have encountered any difficulties getting a home loan because of your self employment. The self-employed have access to many different kinds of loan products. Conventional and FHA loans, … Read more
The majority of the items featured here are provided by our partners, who pay us. This could affect the products we write about as well as where and how they appear on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our affiliates, and this … Read more
A non-qualified mortgage provides an alternative if you want to buy a house but are concerned that you won’t be approved for a conventional mortgage. Here, we’ll explain how a non-qualified mortgage operates and assist you in determining whether one is the best option for you. Non-QM loans are mortgages that don’t meet the Consumer … Read more
Borrowing and lending money can be a complex financial process, and co-signing a mortgage is no exception. It is a decision that requires careful consideration, as there are tax implications to co-signing a mortgage that you should be aware of. Before signing up to become a co-signer on a mortgage loan, it is important to … Read more