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7 Tax Tips for Your 2010 Return
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Wednesday, March 9, 2011
7 Tax Tips for Your 2010 Return
Monday, March 7, 2011
Coming to a Lender Near You: 20% Down Mortgages (that's how you get the best rate and terms!)
20% Down Payment Required? WHY?
The days of the NO money down mortgage are long behind us, folks.
After the housing boom and subsequent crash, statistics revealed that those with little or no "skin in the game" were much more likely to default on their home loans.
At the same time, banks and mortgage lenders were selling off the bulk of their mortgages to investors, so neither homeowner nor lender was really retaining any risk. As a result, politicians came up with risk retention requirements under the Dodd-Frank Act, which are set to take effect soon.
The days of the NO money down mortgage are long behind us, folks.
After the housing boom and subsequent crash, statistics revealed that those with little or no "skin in the game" were much more likely to default on their home loans.At the same time, banks and mortgage lenders were selling off the bulk of their mortgages to investors, so neither homeowner nor lender was really retaining any risk. As a result, politicians came up with risk retention requirements under the Dodd-Frank Act, which are set to take effect soon.
Friday, March 4, 2011
Wrong House in the right neighborhood? FHA 203k Loans Part 2
Click on the link below for an excellent video about how great the FHA 203k loan is if you would like to buy a home needing repairs. Call me and I can go over the program in detail.
I have a support team who does 203k loans ALL DAY LONG!
My processing, underwriting, and closing team are experts at what they do. THIS is the formula and secret to having a GREAT 203k loan experience!
Marty Qualls, your 203k loan expert!
Thursday, March 3, 2011
Another Reason to Buy or Refinance Your Home Soon
Another Reason to Buy or Refinance Your Home Soon
April 18th, 2011 is an FHA deadline for another increase of Mortgage insurance; this time Up Front Mortgage Insurance.
April 18th, 2011 is an FHA deadline for another increase of Mortgage insurance; this time Up Front Mortgage Insurance.
Wednesday, March 2, 2011
203k Loan
203k Home Improvement Loan
The FHA 203k home improvement loan could be the best value for the first time home buyer or the repeat home buyer of today’s market. Call me with your questions!
Monday, February 28, 2011
Points or no Points? Worksheet included!
Points or No Points?
WHEN IT COMES to mortgage points, it pays to keep score. Be warned, though: It can get tricky. The term points has multiple meanings in the mortgage world.
Mortgage points can refer to loan origination fees (fees charged by the underwriter) or discount points (also known as loan discounts). The worksheet below focuses on discount points, which represent 1% of the total loan amount. By paying a discount point, you can lower your interest rate. Consider it prepaid interest.
In general, you can knock off about 1/4 to 1/8 of a percent off your interest rate for each point you pay
says Keith Gumbinger, vice president of mortgage information provider HSH Associates.
Make a reverse mortgage a smart move, not a financial disaster
Taking on a reverse mortgage can be a smart move or a financial disaster, depending on the type of loan and your circumstances. Avoid these mistakes to make a reverse mortgage a smart move. Here are 5 mistakes to avoid when contemplating a reverse mortgage.
FAQ's Homeowners have at tax time:
Albert Einstein once said, "The hardest thing in the world to understand is the income tax." If you buy, sell, finance or own real estate, it gets even worse. Before you belly up to the nearest bar or start pulling your hair out, check out this list of FAQs for tax-paying, home-owning citizens.
Yep, property and taxes go together like blood and leeches. Yet there is no reason to pay more than the minimum. Here are some commonly asked questions about taxes and homeownership.
Knowing the answers will help keep your tax bill as low as possible.
Here are the 10 Frequently Asked Questions homeowners have at tax time:
Yep, property and taxes go together like blood and leeches. Yet there is no reason to pay more than the minimum. Here are some commonly asked questions about taxes and homeownership.
Knowing the answers will help keep your tax bill as low as possible.
Here are the 10 Frequently Asked Questions homeowners have at tax time:
Tuesday, February 22, 2011
Refinancing Borrowers Shun ARMs in Q4. Opt for Shorter Loan Terms
| Mortgage News Daily | |
Refinancing Borrowers Shun ARMs in Q4. Opt for Shorter Loan Terms
Posted to: MND NewsWire
Wednesday, February 16, 2011 10:28 AM
Wednesday, February 16, 2011 10:28 AM
Forward this email: Send a copy of this story to someone you know that may want to read it.
Americans are increasingly turning away from variable rate mortgage products when refinancing according to the Quarterly Product Transition Report issued by Freddie Mac. An increasing share of refinancing borrowers also chose to shorten their loan terms during the fourth quarter. In the fourth quarter of 2010, fixed-rate mortgages (FRM) accounted for more than 95 percent of all loans used for refinance.
SmartMoney.com: The New Costs of Renting
The New Costs of Renting
February 22, 2011
By AnnaMaria Andriotis
Choosing to rent instead of buy, some are discovering higher costs than anticipated. Suddenly, buying doesn't look so bad.
February 22, 2011
By AnnaMaria Andriotis
Choosing to rent instead of buy, some are discovering higher costs than anticipated. Suddenly, buying doesn't look so bad.
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