Jan 02
Tweet …At Least for 2013, if you are selling your home short of what you owe (Short Sale) or having a portion of your loan forgiven through reduction in interest rate or principle reduction (Loan Modification) – it won’t be taxed as income (which would have been the case for any transactions closed after 12/31/2012). …
Permanent link to this article: http://www.pessemierfinancial.com/blog/fiscal-cliff-2013-closed-short-sales-mortgage-insurance-tax-deductions-survive/
May 09
Tweet Some of the biggest hurdles many of my purchasing clients have these days are being answered by one of the most obscure programs available today. Approximately 1,100 single family, multi-family (2-4 units) homes and condominiums in Washington State are eligible for the Fannie Mae HomePath purchasing program!! For home buyers looking to get into …
Permanent link to this article: http://www.pessemierfinancial.com/blog/have-you-gone-crazy-fannie-mae/
Mar 13
Tweet Fannie Mae HomePath is a great loan program for owner occupants, as well as being the best current program for investors in my opinion. Where else can you pick up a fixer, where the appraisal won’t require a bunch of work orders? If you’re an investor, just be aware that the “First Look” properties are …
Permanent link to this article: http://www.pessemierfinancial.com/blog/fannie-mae-homepath-guideline-change-auction-sales/
Feb 24
Tweet Know someone who is looking for a home, but lacks a down payment? I have a couple of great answers worth having a conversation about. Feel free to subscribe, comment, and share! Thank you for subscribing to my blog. I hope it benefits you. Please be sure to leave a comment or question below- …
Permanent link to this article: http://www.pessemierfinancial.com/blog/video-two-great-zero-down-options-for-homebuyers-in-washington-state/
Jan 13
Tweet DISCLAIMER – Boring “mortgagese” below. I’ll cut to the chase and tell you first why you might care about what I am about to share with you: If you or someone you care about is contemplating a new mortgage in the coming days, and are waiting for a reduction in rates – keep in …
Permanent link to this article: http://www.pessemierfinancial.com/blog/why-are-rates-going-up-next-month-and-why-should-you-care/
Nov 03
Tweet The Federal Housing Finance Agency announced changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their home mortgages. The new rules will remove the current loan to value cap and will allow borrowers who are current on their mortgages to refinance regardless …
Permanent link to this article: http://www.pessemierfinancial.com/blog/owe-more-than-your-home-is-worth-help-may-be-on-the-way/
Sep 08
Tweet Don’t think too long…it’s still not too late to get in while the buying is still great. Take a look at these figures below that were just posted by the National Association of Realtors (NAR) – then contact me if you would like to discuss pre-approval, budgeting, and whether buying a home makes sense …
Permanent link to this article: http://www.pessemierfinancial.com/blog/renters-thinkers/
Sep 02
Tweet It appears that Bank of America’s announcement regarding their intentions to sell the giant bank’s Correspondent Mortgage Lending division is not going to hurt any of my clients. Bank of America has been pricing themselves out of the market over the past few weeks anyway – and we have many other investors who are …
Permanent link to this article: http://www.pessemierfinancial.com/blog/bank-of-america-trying-to-sell-what/
Jul 08
Tweet I’ve been hearing this question from a lot of my buyers lately; so I thought I would take a moment to clarify. Just how much is enough money to put down on a home purchase in today’s world? This question can be spun in many different directions depending on your specific situation; so here are the …
Permanent link to this article: http://www.pessemierfinancial.com/blog/not-saving-fast-enough-for-your-down-payment/
Jul 07
Permanent link to this article: http://www.pessemierfinancial.com/blog/are-rates-really-increasing/
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