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...Continue Reading
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...Continue Reading
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...Continue Reading
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...Continue Reading
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...Continue Reading
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...Continue Reading
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...Continue Reading
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...Continue Reading
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:...Continue Reading
