FINANCING YOUR NEWLY PURCHASED HOME IN TOWSON

Real estate financing in Baltimore County made easy.

Few home buyers are in a position to pay cash for a home. So, we rely on our friendly mortgage lender for financing. Yes, lenders are our friends. They lend home buyers huge amounts of money. In return for their money, you give them a promise to repay the loan, with interest. At settlement, you'll sign a NOTE to the lender stating your promise to pay.

WHO OWNS YOUR HOME?
That Note, along with a Deed of Trust (mortgage) is recorded in the land records of the county courthouse. Who owns the house??? YOU DO! ! ! Make no mistake about that. You own the home you purchased. The lender simply has a lien on the property, which will be released when you pay the loan in full, either by regular monthly payment or through a sale of the property in which your purchaser will pay you and you'll pay your loan.

WHAT DOES THE INCOME TAX BENEFIT MEAN?
You are taxed on your adjusted gross income. However, when you have additional deductions such as mortgage interest and real estate taxes, this money is subtracted from your gross income before computing your tax. We'll explain more when we help you find a home. Just remember that the income tax benefit cam mean $Thousands of Dollars in your pocket each year. It will help you pay your mortgage payment. Ask us about it.