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Helpful Tax Reminder… Don’t Miss Out On These Deductions

Published on January 15, 2012 By Michael

Many homeowners I work with overlook some of the tax benefits and implications of their recent purchase, sale or refinance of a home. I thought I’d share with you a handy bit of information I found on H&R Block which outlines some of essential tax information for homeowners. As you probably know, you are entitled to [...]

Why YOU Are Paying MORE For Your Mortgage Right NOW!

Published on January 12, 2012 By Michael

You Are Paying More For Your Mortgage Starting Now… Watch the video below from Brian and Frank. Feel free to share your thoughts in the comments below. Would love to know your opinion. Thanks!

Limits On Seller Contributions or Interested-Party Contributions

Published on October 5, 2011 By Michael

Interested-party contributions (IPCs also know as seller contributions) are costs that normally are the responsibility of the property purchaser that are paid (directly or indirectly) by someone else who has a financial interest in, or can influence the terms and the sale or transfer of, the subject property. These persons or entities include, but are [...]

FHA Mortgage Insurance Premiums Are Increasing… Again!

Published on February 16, 2011 By Michael

HUD is at it again. The need to get their reserves up is being passed onto the consumer. On February 14, 2011 FHA announced changes to the annual Mortgage Insurance Premiums on all FHA transactions (Mortgagee Letter 2011-10) This is a preview of the changes. Effective with FHA case numbers assigned on or after April [...]

Mortgage Approvals Are Getting More And More Scarce

Published on February 9, 2010 By Michael

The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.

Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive

Published on January 21, 2010 By Michael

In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group’s portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.