Frankie Story -Thrive Mortgage

04/17/2024

Getting a tax refund is huge.

Consider setting yours aside as part of a down payment fund. You’ll be a little closer to buying that house you’ve always wanted.

04/10/2024

These 3 categories make homebuying simple.

Finances. Mortgage. House. These are all part of the journey.

The first thing is making sure you have the money part figured out. You’ll want to start saving for your down payment and your emergency fund. We recommend about 3 to 6 months to cover your expenses.

Next comes the mortgage. That’s where a loan officer comes in. We’ll help you look at all of your options to make sure you’re getting the best program for your situation. Then we’ll get you pre-approved.

The last piece of the puzzle is your house. You’ll probably want to talk to a real estate agent who’s an expert in the area. They can help you find the perfect house for you.

04/08/2024

I’m here for you every step of the way. Get in touch before you’re ready to buy so we can talk about a plan that’s right for you. It’s great to have an expert advisor on your side who can.

- Provide expert advice and guidance throughout the homebuying process.

- Access a wide range of loan programs and options.

- Assist with completing the loan application and gathering required documentation.

- Save you time and money by finding the best loan program for your unique situation.

- Assist you in negotiating loan terms and interest rates.

- Be an advocate and advisor throughout the entire homebuying process.

04/03/2024

With tax day right around the corner, today, we're talking homeownership tax benefits.

These can vary depending on your location and the specific details of your mortgage and financial situation.

You can deduct your mortgage interest. This means significant tax savings, especially in the early years of your mortgage when a larger portion of your monthly payment goes toward interest.

Deduct your property taxes. Property taxes paid on your home are often deductible from your taxable income. This can be another way to reduce your overall tax liability.

Do you have any energy-efficient upgrades? Your locale may offer tax credits for making these improvements to your home, such as installing solar panels, energy-efficient windows, or insulation.

First-Time Homebuyer Credits: Some countries, states, or regions may offer tax credits or deductions specifically for first-time homebuyers to encourage homeownership.

Self-employed? Deduct home office expenses. WFH employees can’t claim a home office deduction.

Be sure to chat with a tax professional or accountant to get personalized advice based on your specific circumstances and the tax laws applicable to your area.

04/03/2024

Loved working with Valarie and Dusty!

Click to see all 24 reviews of Frankie Story, Branch Manager - NMLS # 470734

04/03/2024

04/01/2024

When you own a home, knowing your standard tax deductions will help you plan as you get your paperwork together.

Remember, homeowners get some pretty sweet tax breaks.

If you don’t own a house, now might be the time to consider what it can do for you!

03/29/2024

Here’s hoping your day is filled with family, friends, love, laughter... and chocolate. Happy Easter!

03/15/2024

If you’re already thinking about your next house but you just moved into your current house, pump the brakes.

While it’s nice to think about your next move, remember it was an investment to get your house. There were upfront costs. And, to make those worthwhile, you need to stick around for about 3-5 years.

From a financial standpoint, you want to be able to cover your closing costs from the sale of the house. Breaking even would be fine, but to maximize your investment, figure out how long you’d need to be in the house to gain enough equity to make up those costs.

You also need to figure in the capital gains tax. If that sounds like a huge hurdle to overcome, let us put your mind at ease. First off, the money you make from the sale of your house is taxable. But, as long as you’ve owned your property for at least two years (and it’s been your primary residence for at least two out of the five years preceding the sale), you can profit up to $250,000 before the capital gains tax kicks in. That profit total also doubles to $500K if you’re married and filing jointly.

Those are just a couple sticking points to consider when you’re thinking about how long to stay in your house.

03/04/2024

Don't mess up your buying process. Follow these rules!

03/02/2024

We'll take care of you because you take care of all of us. Let's find out if a VA loan is right for you. Give me a call (502) 417-0101.