Seattle home loan structures with monthly paid mortgage insurance PMI allow a year end tax deduction based on purchase date and income. You can still purchase a primary home in 2013 to qualify.
Mortgage Insurance (PMI) Tax Deductible 2013
Home Affordable Refinance Program IMPROVEMENTS 10/24/2011 to help Seattle Real Estate
Home Affordable Refinance Program IMPROVEMENTS 10/24/2011 to help Seattle Real EstateFEDERAL HOUSING FINANCE AGENCY: Breaking news that will hopefully help many home owners who were unable to refinance underwater values. With these new changes a homeowner would no longer have a loan to value restriction on their ability to refinance. Lenders currently will not allow […]
Obama Administration’s “Home Affordable Refinance Program” EXTENDED!
Guidelines for both Fannie Mae and Freddie Mac are released for the Home Affordable Refinance Program.
Seattle / Bellevue Home Owner Education 101 – Fannie Mae & Freddie Mac Changes
Seattle / Bellevue Home Owner Education 101 – Fannie Mae & Freddie Mac Changes: Buyers, Sellers, Investors and Refinancing all affected by the newest changes just rolled out by Fannie Mae & Freddie Mac. How does this affect you? Can this really cost thousands? How much more will it cost me? Are there other options? […]
FHA Increases the Annual MIP on April 18, 2011
To follow the established rules for the required reserve requirement of the Mutual Insurance Fund, FHA will increase the annual mortgage insurance premium (MIP). The increase of .25% (25bp) was announced. To avoid this increase you must have your case number assigned on or before April 14, 2011. FHA recently increased the annual MIP to […]
Seattle Home Loan Application Questions
Seattle home loan application questions for residential real estate. Introductory steps for Seattle real estate buyers and home owners.
How To Protect Your Credit Rating When Mortgage Problems Hit
Seattle Home Owners ask questions and prepare in advance for a possible short sale and loan modification before its to late.
Energy-efficient home upgrades save money at tax time
Congress tripled the tax credit for energy-efficiency home improvements when it passed the latest stimulus plan. The tax credit now covers up to 30 percent of the cost of products installed this year and next.
Facing Foreclosure? Act Now To Avoid Losing Your Home
Fannie Mae’s step by step approach to prevent foreclosure.
Reverse Mortgage Information
Reverse mortgages have become an alternative option for cash flow. Homeowners passed the age of 62 have the option to use their home as a line of credit.