This morning I posted this question on our facebook page. There seems to still be a lot of controversy over that question. Indeed, ARMs have been blamed for the current financial melt-down. It seems that most of what we hear … Continue reading
There is currently a proposal to do just that! The reasoning is that it is more economical to complete a short sale than to allow the delinquency to progress to a foreclosure. We have been arguing this fact for some … Continue reading
While there are many benefits to owning your home, saving at tax time is doubly appreciated by many. Save money, build personal wealth, invest in your own retirement, building better communities, and many more advantages rate right up there, but … Continue reading
That lack of an adequate down payment is the primary obstacle to many new or first time home buyers. While most may have heard that assistance is available, many don’t know where to turn. The mortgage industry has become very … Continue reading
Do you know what those numbers mean? Do you understand how to go about changing them, to the positive? Do you know what a difference of only one point can cost? A recent survey by Opinion Research asked 22 credit … Continue reading
Federal Housing Administration (FHA) mortgages are set to increase by .25% this April. This follows an increase last November from .50% on 30 year fixed rate loans to .85%. For 15 year fixed rate loans those figures were from .55% … Continue reading
Does that sound a bit confusing? Stated in that simple form, it is. The reality is that it is an indication that our economy is healing. The High is the number of homes in the process of foreclosure, while the … Continue reading
Negative Press aside, ARMs can be a great benefit to the economy. While they received their fair share of criticism and blame in the recent market collapse, they are not a negative thing in themselves. They are a tool. Like … Continue reading
Interest rates have inched up to over 5%. That’s higher than they have been since May 2010, nearly one year ago. For the week ending 11 Feb the average was 5.05% with the 0.8 average buy-down rate included. Loans not … Continue reading
#1 Deducting porperty taxes for the wrong year Often, your tax bill will not be dated from January to January the next year. To the IRS, this is irrelevant. Enter the amount of money you actually paid during the current … Continue reading