Why the New Forbearance Rules Are Great for Homeowners and Buyers

A “mortgage forbearance” is when the lender allows the borrower to defer their mortgage payments to a future date. The payments are not forgiven. They are simply postponed into the...
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Two Ways to Benefit From the 2020 Loan Limit Increase

Interest rates on home loans that conform to the Fannie Mae and Freddie Mac guidelines tend to be lower than non-conforming loans.  That’s why it’s good news that the Federal...
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The Gift Tax Myth: How to Navigate Around It

Many people aren’t aware of the fact that, in most situations, there really is no gift tax. Here’s why… $15,000 ANNUAL EXCLUSION The federal government gives each of us an...
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Tax Deductible Items for 2019 Mortgages

Congratulations on your mortgage closing!  Here is a general overview of some information that may be helpful to you and your CPA as you prepare your 2019 tax returns (the...
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How Business Owners & Independent Contractors Benefit from the CARES Act

Here’s how the Coronavirus Aid, Relief, and Economic Security (CARES) Act benefits business owners and independent contractors:“Paycheck Protection Program” (PPP) Loans Up to 2.5 times Your Monthly PayrollBusinesses can apply...
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How Homeowners & Buyers Benefit From the CARES Act

Here are four major ways that the Coronavirus Aid, Relief, and Economic Security (CARES) Act benefits homeowners and buyers: 1 – “Economic Impact” Checks of $1,200Eligible taxpayers who filed tax...
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Three Advanced Professions That Don’t Required Advanced Degrees

An insurance agent, mortgage originator, and real estate agent all walk into their local bar… Well actually, their local bar association… These three salespeople have an annual income that would...
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Corona-Crisis Takes Mortgage Rates on a Roller-coaster Ride

Yes, the Fed lowered short-term rates to 0%. Yes, the Fed is embarking on a massive $700 billion bond-buying spree that’s supposed to lower interest rates. Yes, mortgage rates actually went UP...
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Madness in the Market: A Special Report

Monday, March 16, 2020This is a special report to illustrate how mortgage rates have responded to coronavirus fears and financial market volatility. It’s certainly been a roller-coaster ride! Part 1:...
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