Blog – Page 3 – Homespire Mortgage


Here’s the truth – there is no federal tax deduction for paying monthly rent. But as a new or potential home buyer, you’ll be pleasantly surprised to learn about the many tax deductions available to homeowners. By investing you tax refund towards a down payment on a home, you could save that you’ll get more in return (cue: ba-dum-ching!). Let’s take a look at the extra write-offs available to homeowners:
1. Mortgage Interest

If you think there’s no chance you could ever afford to buy a home, it’s time you take a closer look at the real costs of renting. You’ll be surprised to learn that owning your own home is comparable (and maybe even a little less expensive!) than renting. Imagine having the freedom to demo a wall to create a more spacious kitchen or to paint your bedroom neon green – things that

You know that dreaded moment when you look around for the nearest adult and you realize… you are the adult?

Does adulting make you want to curl up in the closet under a blanket, flashlight in hand, and spend the next… forever… reading comic books and eating Doritos? Ah, the good ol’ days, where we didn’t have to think about such things as credit scores, account balances, debt, and mortgages.

Applying for a mortgage

This summer’s housing market is forecasted to be on fire with no signs of cooling down. With more buyers than homes for sale, we’re looking at a very competitive home buying season. We’ve laid out four strategies that will give you an edge over other buyers.
1. Get pre-approved.
Preparation is key to anything in life, really, and real estate is no different. Shopping with a pre-approval in hand lets sellers

Although it’s easy to curl up on the couch, eat a pint of your favorite Ben & Jerry’s, and think your dream of homeownership is postponed for the foreseeable future, it’s time to get it together and explore your options. Historically, yes, the rates in recent years have been phenomenal. But remember, it hasn’t always been like this. Interest rates trend according to the state of the economy, employment rates, median income,

6 Ways Homebuyers Can Save
When the mercury rises, so do home sales. According to, over half of all homes are sold in the summer. Over and over again, house prices take a slight dip in January and then a swift climb again once school is out. That means if you want to wrangle a good deal – and avoid a bidding war – your odds are best if you shift from

First Time Home Buyers' Guide

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