Latest Articles
Mortgage Advice, Real Estate Market Updates, and Home Buying Tips
Understanding Capital Gains Tax When Selling Your Home
Published:
April 1, 2025
Selling your home? You may owe capital gains tax on your profit. However, the IRS allows exclusions of up to $250K for individuals and $500K for married couples if you meet ownership and residency requirements. If your capital gain exceeds these limits, strategies like tracking home improvements or a 1031 exchange may help. Always consult a CPA for expert tax advice before making decisions.
The Effect of Home Insurance Rates on Your Mortgage Payment
Published:
March 1, 2025
Rising home insurance premiums can impact your mortgage payment. Learn how to manage costs and protect your investment effectively.
Asset-Rich, Cashflow-Poor Mortgages: A Guide for Borrowers
Published:
February 1, 2025
The Asset-Only Loan program is ideal for asset-rich, cash-poor borrowers—such as retirees or business owners—who seek a mortgage without traditional income documentation. This program allows qualified borrowers to leverage liquid assets to meet loan requirements, with up to 90% financing for purchases or 80% for refinances, though higher interest rates and potential asset depletion should be carefully considered.
Onshore Mortgage Honored with Prestigious UWM Awards for 2024
Published:
January 11, 2025
Onshore Mortgage is proud to receive multiple prestigious awards from UWM, including the Excellence Award, Top 1% Loan Officer, and Fastest Closer Award for 2024.
Take Advantage of 2025 FHA Loan Limits
Published:
January 3, 2025
FHA raised their 2025 loan limits due to rising home prices, ensuring continued access to low-down-payment options for qualified homebuyers nationwide.
Acceptable Forms of Identification for Mortgage Closings
Published:
January 1, 2025
At mortgage closing, you’ll usually need two forms of ID: a primary ID, like a driver’s license or passport, and a secondary one, such as a Social Security card or utility bill. Make sure both are current, and that names match across documents. Non-U.S. citizens should bring a passport and proof of residency. For a seamless process, confirm requirements with your lender ahead of time.
.webp)
.webp)
The information contained in this site has been prepared by an independent third party and is distributed for educational purposes only. This is designed to give helpful tips on the mortgage process and is not intended to give legal advice.
Information is considered reliable but not guaranteed. This is not a pre-qualification, pre-approval, loan approval or commitment to lend. We arrange but do not make loans.
© 2020 Onshore Mortgage, LLC. all rights reserved.