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Don’t Miss These Homeowner Tax Benefits

One of the most useful yet widely misunderstood benefits of homeownership is tax deductions. Tax deductions are a welcome gift from the government, but if you’re renting, they benefit your landlord, not you. Property tax deduction: Any money you paid during the year you purchase and in the years afterward to local state, county and city property tax assessors is tax deductible. Mortgage interest deduction: Your mortgage interest on both first and second liens is tax deductible. Any points you paid to obtain a lower interest rate are deductible. Private mortgage insurance payments are als...

August 17th, 2017 Don’t Miss These Homeowner Tax Benefits

If It Isn’t Broken...a Home Warranty Can Prepare for When It Is

You have been on both sides of a sale that required a home warranty as a condition of the deal moving forward. Typically, the focus is on the visible "big ticket" items that come up in an inspection: an older water heater, furnace or central air conditioning system that is/are nearing the end of its/their useful lifespan. But a home warranty covers so much more - and advising buyers on how they work and the benefits of continuing their coverage beyond the typical one year paid for by a seller is a value-added service in your favor. One policy to protect them all Heating, cooling, plumbing, ele...

August 16th, 2017 If It Isn’t Broken...a Home Warranty Can Prepare for When It Is

The Second Rule of Home Staging: Keep It Fresh

The overall goal of home staging is to make your home shine. After paring down to just the essentials, the next staging step is to give your home a light makeover to make it look – and feel – neat, fresh and pleasant. Buyers don’t expect everything to be new, but they don’t want to be turned off by worn items or unpleasant odors. A good rule of thumb to go by: If it looks old, worn or dirty, then clean or replace it. A clean, fresh-smelling, attractive home tends to sell. Read on for some budget-friendly ways to refresh each room in your home. Start With the Living Room...

August 16th, 2017 The Second Rule of Home Staging: Keep It Fresh

Our Weekly Mortgage Market Commentary

This week brings us the release of five pieces of monthly economic data with one being considered highly important. In addition to the economic data, the minutes from the last FOMC meeting will also be posted. There is nothing of relevance to mortgage rates scheduled for release Monday, so look for the stock markets to drive bond trading and mortgage rates until we get to the start of this week’s activities. The first piece of data will be will be July’s Retail Sales data at 8:30 AM ET Tuesday. This highly important report comes from the Commerce Department and will give us a measu...

August 14th, 2017 Our Weekly Mortgage Market Commentary

The Top Three Reasons Buyers Choose The Homes They Buy

You may think buyers will love your home because of your extraordinary taste in home furnishings or the incredible job you did with your home addition. Nope, it’s not the d?cor or the vast add-on that gets them to commit, although they may help. There are three top reasons a buyer chooses to buy a home — price, condition, and location. Let’s start with Price. To choose the right asking price for your home, you need to know if your neighborhood is in a buyer’s market or seller’s market. A buyer’s market is characterized by large inventories of six months̵...

August 10th, 2017 The Top Three Reasons Buyers Choose The Homes They Buy

Our Weekly Mortgage Market Commentary

This week brings us the release of only three pieces of monthly or quarterly economic data, but two of them are considered very important to the financial and mortgage markets. In addition to the economic data, there are two Treasury auctions scheduled that have the potential to influence mortgage rates. There is nothing of relevance to rates scheduled for release Monday or Tuesday, so look for the stock markets to drive bond trading and mortgage rates until we get to the start of this week’s activities. Employee Productivity and Costs data for the second quarter will start this weekR...

August 7th, 2017 Our Weekly Mortgage Market Commentary

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PHH Home Loans, LLC
22 West Padonia Road, Ste. A-100
Timonium, Maryland 21093

Phone: 410-808-5791

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