Top 5 Credit Myths
May 31, 2010 by Linda Mehner · Leave a Comment
Everyone has heard numerous stories from friends and relatives about how credit scoring works. Unfortunately, there are many myths that pass as facts. Here are 5 common myths:
Your credit score will drop if you check your credit. (FALSE) Your credit score is not penalized when you check your own credit. You can check your credit [...]
Understanding the HUD-1 Statement – A Home Buyers View
April 28, 2010 by Linda Mehner · Leave a Comment
When you purchase a home and use a lender the government requires that receive a HUD-1 form, also known as the “Settlement Statement”. The purpose of this form is to give you a final accounting of the costs and credits associated with the purchase/sale of a home. The HUD-1 provides this information for both the [...]
Why are home inspections important?
March 12, 2010 by Linda Mehner · Leave a Comment
When you purchase a home, you are making one of the most important buying decisions in your lifetime. You need to be confident that the home you are buying is in good condition. As a buyer you need to be able to evaluate the significance of any defects.
One of the best moves you can make [...]
Closing Costs Explained
February 3, 2010 by Linda Mehner · Leave a Comment
If you have never purchased a home before you probably have heard of closing costs but you are not sure what they really are.
As a buyer, most of your closing costs are going to be associated with the costs of financing your purchase. The total of your closing costs will vary depending on the home [...]
Military And Certain Federal Employees Get An Extra Year For The Homebuyer Credit
January 31, 2010 by Linda Mehner · Leave a Comment
If you’re a member of the military and recently purchased a new home, you may be eligible to take advantage of extra tax benefits available to members of the US Armed Forces. This video has all the details.
Go directly to the IRS website and read the article titled “First-Time Homebuyer Credit: Members of the Military [...]
