Author: stephaniebatemangroup

What Are Loan Points?

What are loan points and lender credits and how do they work? Generally, loan points and lender credits let you make tradeoffs in how you pay for your mortgage and closing costs. loan Points, also known as discount points, lower your interest rate in exchange paying for an upfront fee. Lender credits lower your closing […]

Is a REALTOR’s Commission Worth It?

The Breakdown of a Realtor’s 6% Fee Is a Realtor’s Commission Really Worth It? We used the chart below to understand where your money really goes. The Cooperating [Buyer’s] Broker Gets Half Off the top, the Buyer’s Broker receives half of the total sales commission due at closing. Don’t forget that nearby sold homes used […]

Can I Deduct Closing Costs?

Did you sell your home this year? Thinking of Buying One? Being able to deduct closing costs is one of the many benefits of real estate. The only settlement or closing costs you can deduct on your tax return for the year the home was purchased or built are Mortgage Interest and certain Real Estate […]