A mortgage, basically speaking, is a loan. When you set out to purchase a home, no one expects you to have, say, $500,000 in cash. So that’s where a mortgage comes in: You borrow the extra money that you need to buy your chosen home, agreeing to pay it back in the coming years.
The huge debt a mortgage incurs can be seen as a burden. But its appeal lies in the fact that the mortgage helps you to buy an asset with the expectation that its value will increase over time, which adds to your financial portfolio, gives you a big tax break and, you know, finances a place for you to live.
Along with being expensive, a mortgage can also be complicated, so we’re breaking down the basics for you.
Want to read more...https://www.foxbusiness.com/features/mortgages-101-what-you-need-to-know
Author:Matthew OHare Phone: 201-954-2198 Dated: November 10th 2018 Views: 729 About Matthew: ...
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Great Article regarding tax law and owning a home. https://www.fo
"Will Alfaro gave my family and I hope. We originally had a different realtor that was basically making us do all the work badly showed us any houses and the ones he showed us had so much work to be done, in bad neighborhoods, or plainly nothing of what we wanted. When I told one of my close friends about the first realtor and how we were ready to quit searching for a while he recommended Will Alfaro to us. I called Will during my lunch break one day explain to him my situation and with in minutes of our conversation I felt really comfortable talking to him. I told him what my family and I were looking I even told him I would accept a house with out a drive way, and he told me if you want a house with a drive way that's what i will find you. What took my first realtor to try and find which he never did took Will a couple weeks, and that was the perfect home for my family and I. For this I am very grateful to him I recommend him to anyone he take his time and understands your needs and will work hard to make sure you're satisfied with your purchase. One thing about Will Alfaro that a lot of other realtors don't have and its that even till this day if I have a question about my mortgage I call him and he will gladly help me, as I'm sure he will help others. "