Category Archive: Investor Loans

Jan 02

FISCAL CLIFF 2013 CLOSED: Short Sales, Mortgage Insurance Tax Deductions Survive…

2013

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). …

Continue reading »

Share

Permanent link to this article: http://www.pessemierfinancial.com/blog/fiscal-cliff-2013-closed-short-sales-mortgage-insurance-tax-deductions-survive/

May 09

Have You Gone Crazy, Fannie Mae?

HomePath Property Search

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 …

Continue reading »

Share

Permanent link to this article: http://www.pessemierfinancial.com/blog/have-you-gone-crazy-fannie-mae/

Mar 13

Fannie Mae HomePath Guideline Change: Auction Sales

Homepath

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 …

Continue reading »

Share

Permanent link to this article: http://www.pessemierfinancial.com/blog/fannie-mae-homepath-guideline-change-auction-sales/