What a Difference a Day Makes

This time of year we tend to look back and realize how much has changed and how much we accomplished. We can do a lot in a year, right? But, those goals and tasks happen day-by-day. It’s the daily effort where success really happens.

This truth was never more evident than when our team here at Down Payment Resource (plus a few friends and partners!) recently partnered with Giveback Homes to complete an Atlanta Habitat for Humanity Brush With Kindness Day — an event that focuses on supporting Habitat homeowners with necessary repairs to their home. keep reading

What Does the New Tax Law Mean for First-Time Buyers?

With significant changes to the tax code taking effect this year, homeowners and prospective buyers are revising their plans to take advantage of its sweeping changes. Here’s an analysis based on information from the National Association of Realtors and NerdWallet.

Tax Rate Reductions. Joint filers with incomes of $77,400 to $400,000, which will include most first-time buyers, will see their tax rates decline from two to four percent when they file their 2018 taxes next year.

Mortgage Interest Rate. Changes in the mortgage interest rate—lowering the cap to mortgages worth one million to $750,000 from 1 million and excluding interest paid on home equity loans—would affect only the wealthiest first-time buyers directly. The changes will make second homes and equity loans more expensive for first-time buyers in the future. keep reading