All posts by Thierry Roche

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 […]


Are you ready to retire?

You would be shocked to hear just how many people have spent more time on vacation planning or mobile phone purchases than they have on planning for retirement. These same people are probably expecting that Social Security will support them through their golden years. It can be assumed that a single person who has paid […]


Risk Balancing versus Deductibles

Mortgage loan companies require a homeowner to carry insurance on their home while it has an active loan on it. The benefit is that in exchange for paying a yearly or monthly premium the homeowner transfers the risk of any loss to the insurance company. Insurance companies allow homeowners to select a deductible that will […]


Little Known Fact About Renting Your Home

Planning to attend a major sporting event but don’t have a place to stay. Think about the fact that each year there are homeowners around major sporting events that rent their homes for premium prices because there are little to no hotel rooms available. And the demand for renting private residences is up…for instance AirBnB. […]


A Good Option in FHA

A sector of the market that is not necessarily being met by other loan programs is being served by FHA insured mortgages. Buyers would love to secure a conventional 80 percent mortgage without mortgage insurance and get the lowest cost of financing possible, but if they can’t put down 20 percent then it isn’t really […]