How Will Buying a Vacation Home Affect My Taxes?

How Will Buying a Vacation Home Affect My Taxes?

The vacation home-buying craze spurred by the COVID-19 shutdowns has started to fizzle out, which is great news if you are still in the market for a getaway home. While vacation home sales skyrocketed 17% in 2020 and 33% in 2021, by the middle of 2023 dem

Nov 07, 2023 | Purchasing a Home

Jobs Report Lays an Egg

Jobs Report Lays an Egg

The October Jobs Report was a miss on many levels with fewer jobs created than expected with large downward revisions for August and September. The Unemployment Rate inched higher, private payrolls were below expectations while government jobs made up a t

Nov 03, 2023 | Mortgage News

HELOC Vs. Home Equity Loan: When Does Each Make Sense?

HELOC Vs. Home Equity Loan: When Does Each Make Sense?

When you own a property, you can encounter a circumstance where you need to use the equity you've accumulated over time. Home equity lines of credit (HELOCs) and home equity loans are two popular ways to access this equity. Both are capable of providing d

Nov 02, 2023 | Home Equity Loans

Happy Halloween

Happy Halloween

Halloween is always a time of year that is full of sweet treats and scary surprises - but working with you and your loved ones is the best treat of all!  All of us at Advanced Funding Home Mortgage Loans would like to wish you and your family a safe

Oct 31, 2023 |

Sales of New Homes Surged in September

Sales of New Homes Surged in September

Sales of new homes jumped 12.3% in September to an annual rate of 759,000 units, the highest rate since February 2022. Sales soared 33% from September 2022 and were up in each region of the U.S. Builders lured buyers in through price discounts and other i

Oct 30, 2023 | Mortgage News

Mortgage Options for Home Remodeling and Renovations

Mortgage Options for Home Remodeling and Renovations

Do you envision transforming your current home into your ideal residence? Perhaps you're thinking about doing a substantial remodeling project or some badly needed renovations. These activities might be thrilling, but they frequently have a high cost. For

Oct 26, 2023 | Refinancing a Home Home Equity Loans