Gulf Living Group
An analysis by MoneyGeek ranked every state by how “tax-friendly” it is. The analysts didn’t just look at income tax – they also factored in property taxes, plus state and local sales taxes. To determine where people pay the highest tax burden, MoneyGeek looked at a hypothetical average family: a married couple with one kid,… Read More »
Each type of co-ownership – tenants in common, joint tenant with right of survivorship, and tenants by the entirety – has different rules, along with unique pros and cons. Tenants in common: The first is “tenants in common,” where each person owns a specific share of the home. If a tenant in common passes away,… Read More »
When you get a copy of your credit report, you’ll see more than just your current and historical credit accounts. You’ll see your payment history, including any payments made more than 30, 60, and 90 days past the due date, along with your account balances and credit limits. You’ll also see credit inquiries. A credit… Read More »
If you’re brand new to the wonderful world of home loans, you might be a bit overwhelmed by how many different types of financing options are really out there. Both primary loan types (fixed-rate and adjustable-rate) have many variations, so how do you know which one is best for you? Let’s start with Fixed-Rate Mortgages.… Read More »
When buying or selling a home, we know that some may be caught off guard with unexpected fees at time of closing. The HOA transfer fee is one such “hidden fee” that often takes people by surprise. This is a one-time fee that occurs when a property is transferred from one owner to another. The… Read More »
When decorating your home, saving money is great. Who doesn’t love finding a deal on an item and then not-so-subtly bragging about it when guests come over? Bargain-hunting does, however, have its limits, and the impulse to save now might cost you in the long run. Here are a couple places to splurge, and a… Read More »
Millennials are moving into the market! Nearly five million millennials are set to turn 30 this year, and they are now making up the biggest segment of home buyers. As recently as 2018, millennial homeownership was at record lows, but that changed significantly with the pandemic. According to Apartment List’s Homeownership report, millennials led all… Read More »
What is Private Mortgage Insurance (PMI)? When lenders look at a loan application, their main question is “what risk do I take on by issuing this loan?” Credit checks, bank statements, employment verification – all the documentation required when getting approved for a loan is in service of assessing what the odds are that the… Read More »
Since most of us spent the summer months of 2020 at home and isolated, we’re ready to make up for lost time! Now that summer’s here and in full swing, we’ll take any excuse to have a fun outdoor party. Gather up your vaccinated friends, create a fun playlist and get the cocktails flowing! You… Read More »
Don’t forget to budget for closing costs! There are many expenses to consider when buying a home. Of course, you are conscious of the sale price and the down payment required to get a loan. But one expense that often causes sticker shock at the last moment is the closing costs required to get a… Read More »
