How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye - keeping you updated on all the latest mortgage news, tips, and tools. A companion blog to BestMortgageBook.com
Tuesday, June 23, 2015
Top 3 Reasons Why Mortgages are Sexier Than Caitlyn Bruce Jenner
1. If you qualify for a mortgage you don't have to use your
hard earned cash to buy your new home. Now that's sexy!
Why use your cold hard earned cash to buy your next home when
you can use the bank's money? First Time
Home Buyer's can put down as little as 3% for a down payment now. For example, if you are buying a $300,000
home, 3% is $9,000. Spending $9,000 sounds a whole lot better than spending $300,000, right?
2. Mortgage Interest Can Be Tax Deductible. Now that's really
What better benefit to being a home owner and using someone
else's (the bank's) money than to get to write off the interest expense? This
just keeps getting better and better! When you get a loan, your repayment
schedule usually consists of principal & interest. That interest you pay every month can be tax
deductible. Consult your CPA for details.
3. There's more than enough paperwork in the mortgage process
to cover up every inch of Caitlyn you didn't really want to see in Vanity Fair.
I'm very excited for our Olympic Hero and her quest for
happiness. The Vanity Fair spread is eye catching to say the least. In addition
to covering up parts of Caitlyn you didn't want to see mortgage paperwork can
be recycled for later use as a toga, paper skirt or those weird flip flops they
give you when you get a pedicure. Just be sure to shred the documents that have all your pertinent info such as your name, social security #, address, bank account #'s, etc.