We are honored to be highly recommended by locals on Alignable!
Exciting News! We are honored to be highly recommended by locals on Alignable! Your trust and support mean the world to us at North Star Mortgage Network. Helping our community achieve their homeownership dreams is our passion, and it’s so rewarding to know we’re making a difference.Thank you to everyone who’s shared your experiences and…
Read MoreMaximize Your Savings: 1031 Exchanges & Opportunity Zones
Facing hefty tax bills? You’re not alone. For many investors, tax season is synonymous with surprise bills that can halt their financial progress. But what if there was a way to manage—and even defer—your tax obligations while still growing your wealth? Enter the realms of 1031 Exchanges and Opportunity Zones, two powerful tools designed to…
Read MoreGetting Pre-Qualified for Your First Home: A Smart First Step
Buying your first home is an exciting milestone, but it can also feel overwhelming. From finding the right neighborhood to choosing the perfect home, there’s a lot to consider. One of the most crucial first steps in the process is getting pre-qualified for a mortgage. If you’re unsure what this means or why it matters,…
Read MoreFirst-Time Home Buying: Why Waiting Might Not Be the Best Idea
For many people, buying a home is one of the most significant financial milestones. If you’re a first-time homebuyer, you’ve likely weighed the pros and cons, researched neighborhoods, and possibly hesitated, thinking you should wait. But when it comes to purchasing your first home, waiting might not be as beneficial as you think. Here’s why:…
Read MoreAcceptable Documentation in lieu of 2024 W-2 – Year End Paystubs and 2024 W-2’s
Many files require the most recent year W-2 as part of the income documentation. At this time, the 2024 W-2 would be the most recent year W-2, but most borrowers will not receive their 2024 W-2 until early February. In lieu of waiting for the 2024 W-2 to be provided by their employer, we can…
Read MoreMEDICAL DEBT BANNED FROM CREDIT
On Monday January 7th the CFPB finalized a new rule banning credit reports from putting medical collections on personal credit reports. The Biden Administration signed off on the new rule and is putting it in place. I do not think this is one of the items that the Trump Administration would reverse the ban on.…
Read MoreTERMITE INSPECTIONS
The age-old question of do I need one or not? It can definitely get a bit confusing as to when it is required as it seems it randomly pops up from time to time. Today, I wanted to give you an idea of what and when one is needed for each type of loan. FANNIE…
Read MoreExciting News: USDA Loans Now Available for Resale Purchases
Beginning march 1st 2025 if you’ve been dreaming of owning a home in a rural or suburban area, there’s great news for you! USDA loans, known for their zero-down payment benefit and competitive interest rates, are now available for resale home purchases. This update opens up new opportunities for buyers looking to invest in pre-owned properties…
Read MoreTRANSFER TO LLC
Can you purchase a home in the name of your LLC because your CPA says it is a good idea? It is actually a great idea if the agencies allowed it. When purchasing a home in an LLC name that means a business is purchasing the home. If a business is purchasing a home, then…
Read MoreUnderstanding Your Year-End Tax Statement from Your Mortgage Company
When the year draws to a close, homeowners receive a crucial piece of documentation from their mortgage company: the year-end tax statement. Also known as Form 1098, this document is essential for anyone who wants to take advantage of tax deductions related to mortgage interest and real estate taxes. Understanding how to read and use…
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