Home Owner Archives - E5 Home Loans

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Tax Deductions for Homeowners

Tax deductions for homeowners can vary based on factors such as location, the tax laws in effect, and individual circumstances. However, common tax deductions for homeowners in many jurisdictions often include: Mortgage Interest: Homeowners may qualify to deduct the interest paid on a mortgage loan used to buy, build, or improve a primary or secondary […]

Holiday Safety Tips

Holiday safety is crucial to ensure that you and your loved ones can enjoy the festive season without unnecessary risks. Here are some holiday safety tips: Fire Safety: Use flame-resistant decorations. Keep candles away from flammable materials and never leave them unattended. Check holiday lights for frayed wires or other defects before use. Turn off […]

FHA Announces 2024 Loan Limits

The Federal Housing Administration (FHA) announced new 2024 loan limits for the upcoming calendar year. The 2024 limit is $498,257 for one-unit properties in low-cost areas (increased from $472,030 in 2023). The new loan limits are effective for FHA case numbers assigned on or after January 1, 2024. The National Housing Act requires the FHA […]

New 2024 Conforming Loan Limits

The Federal Housing Finance Agency (FHFA) released the new 2024 conforming loan limits for conventional and VA loans* effective November 29, 2024. The 2024 limit is $766,550 for VA and one-unit conventional loans (increased from $726,200 in 2023). Each year, the Federal Housing Finance Agency (FHFA) evaluates conforming loan limits and makes adjustments to account for […]

Summer Energy Saving Tips

Here are some energy-saving solutions specifically for the summer season: Use natural ventilation: Take advantage of cooler evenings and mornings by opening windows and allowing fresh air to circulate through your home. Use fans to help with air circulation and create a cooling breeze. Set your thermostat wisely: During the summer, set your thermostat to […]

An Outdoor Living Remodel Can Pay Off When You Sell

Redoing a kitchen and bathroom makes it easier to sell your house with new cabinets, sinks and more exciting countertops, but an outdoor living remodel is a good investment, too. Every year Remodeling Magazine puts out a Cost vs. Value Report of household improvements. In 2022, the magazine said a $28,000 remodel of a kitchen […]

What is a “Temporary Buydown” and why should I care?

Why should I care about a temporary buydown? You might be hearing a lot of chatter about “2-1 buydowns” which is a specific version of a temporary buydown. To all real estate agents, this loan product helps sell your listings without price reductions. Sellers, talk to your real estate agents. If you’re in the market […]

What Should Be In Your First Toolbox

Moving into a new home requires a toolbox to help install, build and fix a multitude of things. We see that Ikea desk sitting in the corner. If you’re an amateur at do-it-yourself repairs, you can be overwhelmed by the numbers and kinds of tools on sale in local hardware stores. But here are some […]

[Insert Sensational Headline] re: Housing Market Misinformation

The Real Headline is “Read More” to Arm Yourself with Accurate Information Misinformation riddles our society every day. We live in a world of soundbits and clips incentivizing the public to barely scratch the surface level of understanding issues. News outlets write many headlines and even some entire stories to communicate drama rather than impartial […]

Valuing your house

If you want to sell or refinance, it’s very important to understand the true value of your home. Many factors impact your home’s value, including: Market demand Recent sales in your immediate area (comps) The condition of your home Improvements you’ve made It’s no secret most homeowners go online to get a basic home value […]