Just before the Christmas holiday – in fact, exactly a week before, on December 18, 2015 – the President signed legislation that renews the tax deductibility of mortgage insurance (MI) premiums for qualified borrowers through 2016. This new legislation is effective for purchase and refinance transactions closed after December 31, 2014. Mortgage Insurance premiums paid […]

While it should have been a front-page, headline-screaming report, a VERY interesting piece of information was buried several paragraphs deep into a Wall Street Journal story on the reasons the housing market isn’t doing a better job at boosting the U.S. economy. Buckle up, it’s a good one! The percentage of homeowners who are underwater […]

If your client is a first-time homebuyer, do both of you a favor and consider a multi-unit property. Obviously, most first-time homebuyers are looking for that cute little house with a two-car garage and a white picket fence – one of the symbols of the American Dream, of course. However, consider for a moment that […]

Do you know what actions could help improve a buyer’s credit score? Do you know how easily some of those actions are performed and how quickly they take effect? A recent survey from TransUnion indicates that an overwhelming majority of those planning on or considering buying a home in the next 12 to 18 months […]

Obviously trying to appeal to the Millennials, some mortgage companies are starting to advertise an online mortgage process – you “simply” upload all your financial information, complete the application, click on a few buttons to customize your interest rate and mortgage terms, use their e-signature option, and bam: you get instant notification concerning your loan […]