Mortgage Debt Forgiveness Act - Extended Through 2013 Good news for those who are contemplating or completing a short sale, the Mortgage Debt Forgiveness Act has been extended through 2013. If you had mortgage debt forgiven this past year, whether it was through a short sale or perhaps mortgage modification then you [...]
Why Pay Your Landlord's Mortgage? Invest your rent. It makes financial sense because the only one who benefits from a rent check is the landlord. Renters never see that money again, while homeowners usually profit when they sell. In addition, renters can't use any of their rent payment as a tax deduction, like [...]
With the Dodd-Frank bill having no chance for repeal, it appears their new proposed rule changes will be enforced. Most of these new rules affecting our industry revolve around Owner Occupied residential consumer loans. These changes will begin in January 2013. Some of the changes that will impact the “Hard money” space are listed below. Consumer Loan [...]
Keys To Qualify For A Home Purchase Loan: What You Need In The Current Market With home prices having decreased significantly, rising rents and the lowest interest rates in a generation, home affordability has dramatically increased and once again makes more sense for many potential buyers. As a result we have seen [...]