Frequently Asked Questions
What’s the difference between a loan and a mortgage?
A mortgage is a type of loan, secured with real estate, designed specifically to finance the purchase of a property. So, while all mortgages are loans, not all loans are mortgages.
What is Mortgage insurance?
Mortgages also include homeowner’s insurance, which is required by lenders to cover damage to the home (which acts as collateral), as well as the property inside of it.
If I work at home part-time. Can I take the home-office tax deduction?
If your business in operated out of your home, you can usually claim a deduction for the portion of the home used used for business. You can deduct related costs such as; utilities, insurance and remodeling.
Who is a Trustee?
One who holds property in trust for another to secure the performance of an obligation. An example of a trustee would be a title company or attorney.
