With holiday season in full swing and the New Year quickly approaching, many people falsely think that it is too late for them to obtain a new home loan in Pompano Beach. While this time of year can be hectic and fast-paced without closing on a mortgage, there is no reason to think that you are too busy to obtain a mortgage loan. We can work with you to make the process as easy and hassle-free as possible for you. There are also several other advantages that you can benefit from when you close on your Pompano Beach mortgage before the year is over.
One of the largest benefits to closing on your mortgage before the end of the year is also one of the most obvious. Closing before year’s end entitles you to some great tax benefits. Closing cost deductions can be applied if you sign before the end of the year, otherwise you will have to wait until next year to apply them. Mortgage deductions allow you to deduct the interest of your mortgage. This is especially beneficial to you if you are a new homeowner, because mortgage payments have a tendency to consist mostly of interest early on. If you close on a mortgage before the year ends, you can also claim property taxes on your income tax as well.
In addition to the many financial benefits that come along with closing on your Pompano Beach mortgage before the year is up, there are also several personal benefits as well. Depending on the timing, you may be able to move into your new home before the holidays are over. If this is your goal, you will need to contact your mortgage lender in Pompano Beach right away. You will also be able to enjoy a fresh start in your new home for the New Year. Technically, you can have a fresh start in your new home regardless of your move-in date, but there is something special about being able to wake up in your new home on the first day of the year.
If you are interested in closing on your mortgage before the end of the year, do not let a busy holiday season deter you. Purchasing the home of your dreams can make this holiday season unforgettable in the best way possible. For more information on mortgage loans in Pompano Beach, or if you are interested in closing on your mortgage as soon as possible, please give us a call today at (954) 777-4774. We would love to hear from you.