The rush of buying your first home is one of the most exciting experiences one can endure in their life. It's a huge accomplishment and you should feel extremely proud of yourself. One thing to remember is to not let the overwhelming feeling of excitement allow you to fall into the traps that can occur during the process.
January 1, 2018, President Donald Trump’s new 7 year tax reform law became effective.
Beginning in June, Fannie Mae, which is one of the biggest government-sponsored buyers of mortgages, will now favor borrowers making efforts to pay down their credit cards when it comes to buying home loans. This means those just paying the monthly minimums may simply not be enough. The company’s counterpart, Freddie Mac, is expected to follow suit.