Taxes. No one likes them but everyone pays them. And the beginning of a new year means it’s time once again to gather documents and receipts in preparation for the April tax filing deadline! For homeowners this means being prepared with some specific documents in addition to the usual tax statements from employers, banks and stockbrokers. Keep an eye out for the items below in your mailbox (or email inbox if you opted for electronic statements) and set them aside for your tax preparer! Read More “Paperwork Homeowners Need To Prepare For Tax Time”
So picture this. You found your dream home, your offer is accepted, your target closing date is set, everything is packed, and you’re ready to move in. Then, BAM – you find out something has come up that will delay your closing. Or worse – cancel it.
Purchasing a home is an exciting experience that can also be overwhelming with lots of paperwork, decisions to make, financial data to gather, and a whole new vocabulary to decipher. As with most things, the process and the terminology are constantly evolving to keep up with the changing times. New regulations have resulted in new details to understand about the dynamic process of finding a home and securing financing. To keep you up to date, we’ve updated our previous blog about mortgage jargon to reflect new terminology and forms that have emerged, or gone away, with regulations that took effect on October 3, 2015.