Year End Tax Newsletter

Creating a good outcome requires a little knowledge about what you are about to do. To be aware that there are tax laws about homes that you might not know about and may come up in your tax return. But if you are informed, you can point these out to your tax preparer or seek […]



You Can Be Mortgage Free

We often assume that as we age we will have house payments and car payments for the rest of our lives. But if you plan now and stick with it you too can be mortgage free. Retire planning should begin when you start your first job. However, most of us procrastinate on this vitality important […]


Distressed Sale Waiting Period

A question I often get from people who have filed bankruptcy, had a short sale or foreclosure is, “How long do we have to wait to qualify for another mortgage.” What kind of new loan you can get will differ according to how long it has taken to heal your credit score. The chart I […]


Wait More Pay More

Freddie Mac predicted it and it is happening. We are past the first quarter of 2018 and the 30-year fixed rate mortgage is going up. The rates will exceed the 5 percent, if this pace continues, by the end of this year. The first of an expected three raises in rates by the Fed has […]


Outlook 2018 Good

Concerned buyers who were unsure about the new tax laws that affect home ownership can breathe a sigh of relief. The 2017 Tax Cut and Jobs Act which was passed by Congress and signed into law treats real estate as a favored investment. Tax laws are in place whether you are living in the home […]


Historical Perspective

Back in 1968, mortgage rates were 8.5 percent. Then the following year, rates dropped to 7 percent. Homebuyers were able to buy a 15 to 20 percent larger home with the same payment if they could get their mortgage assumed. Back then FHA and VA mortgages were very popular for certain price ranges and these […]



Remove PMI to Lower Your Expenses

Private mortgage insurance is usually required on mortgage loans for more than 80 percent loan-to-value. If a borrower defaults on their loan, mortgage insurance will reimburse the lender. You need to be aware that when certain conditions have been met, expensive PMI can be removed. When your mortgage balance has reached 80 percent of your […]