First Time Homebuyers- The process of buying a new home may seem scary and intimidating but it doesn’t have to be. Eagle Home Mortgage LLC is always here to help you along the way with information and advice so you can achieve your dream. 

Experienced Homebuyer- You may decide to purchase a property primarily for the purpose of renting it out and earning additional cash. Keep in mind, that it is very difficult to generate a positive cash flow on a second property. Often, the monthly mortgage cost alone is more than the amount of rental income you are able to get for your property.

Like vacation home mortgages, income property loans usually require a larger down payment, involve higher interest rates, and may have other restrictions compared to loans for a primary residence.

Income properties also have unique tax ramifications. If you rent your property more than 14 days a year, it qualifies as income property. If that is the case, you can usually deduct only a portion of your mortgage interest cost. All of your rental income is subject to income tax. However, you can deduct rental-related expenses - such as utilities, maintenance and depreciation - up to certain limits. You should consult your tax advisor to fully understand all the tax ramifications of owning an income property based on your personal financial profile.

Refinancing- There are a variety of reasons to refinance your home.  Whatever your reason, we have got the tools and information to help you determine if now is the right time to refinance and, if so, what loan is best for you.

Tell us your objective:

• I want to reduce my total interest costs.

• I want to lower my monthly payment.

• I want to reduce the risk associated with my loan.

• I want to pay off my loan faster.

• I want to cash out my equity.