Apr 23
Tweet Have you been told the reasons you can’t buy the condo of your dreams are because of: Condo Association Litigation Too many delinquencies on dues Not enough owner occupants Not enough financial reserves in the homeowner’s association Check again! That’s what I’ve done for quite a few of my clients recently. In the past …
Permanent link to this article: http://www.pessemierfinancial.com/blog/financing-non-financeable-condominiums/
Apr 19
Tweet The USDA Eligibility Area changes have been postponed until October 1, 2013, as I mentioned last month. USDA has now posted what the new eligibility areas will be! As you’ll see, there are some major changes, removing some very popular areas we’ve been doing a lot of USDA financing in! The good news is …
Permanent link to this article: http://www.pessemierfinancial.com/blog/specific-usda-eligibility-areas-changing-october-1-2013/
Feb 01
Tweet The Federal Housing Administration (FHA) just announced that they are raising mortgage insurance premiums again! This is the 7th time they’ve done so in the last 5 years! Starting on April 1, 2013, some FHA borrowers will pay up to 1.55% for FHA up front mortgage insurance premiums (UFMIP), as well as monthly FHA …
Permanent link to this article: http://www.pessemierfinancial.com/blog/breaking-news-fha-announces-new-mortgage-insurance-schedule-to-build-reserves/
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/
Dec 17
Tweet The Mortgage Debt Relief Act, Bush era tax cuts set to expire 12/31/2012: The truth is…we don’t fully know what ramifications these potential changes are going to have on us. What we do know is that taxes will probably be going up – and it’s still a historically wonderful time to buy, sell and …
Permanent link to this article: http://www.pessemierfinancial.com/blog/2012-2013-fiscal-cliff-what-happens/
Aug 30
Tweet Competing offers, escalation clauses, full price offers not good enough? (Yes, this article was written in August of 2012.) It’s back to the good old days again in many ways. Here are just some of the reasons why the market is so hot, and why you may want to get on the bandwagon: Interest rates …
Permanent link to this article: http://www.pessemierfinancial.com/blog/6-reasons-why-the-real-estate-market-is-so-hot-right-now/
Jun 15
Tweet Is it false advertising? Bait and switch? Perhaps it’s neither. There are many factors that can influence a mortgage rate, many of which publicized rates don’t always take into account — from points and personal credit score to property type. Points: Each week, Freddie Mac releases its Primary Mortgage Market Survey, a listing of …
Permanent link to this article: http://www.pessemierfinancial.com/blog/why-are-rates-different-from-lender-to-lender/
May 11
Tweet This post is in response to a lot of recent questions I have had from my Active Duty U.S. Military and Veteran clients. It might be a little dry for some, except for you to whom it applies (I hope), as well as to all my Realtor friends who subscribe to my blog. I …
Permanent link to this article: http://www.pessemierfinancial.com/blog/the-big-3-govie-loans-comparing-va-to-fha-and-usda/
May 04
Tweet The Mortgage Forgiveness Debt Relief and Debt Cancellation Act of 2007 expires at the end of 2012. So, what does that mean to you? Hopefully nothing…but, if you are contemplating a shortsale, loan modification or foreclosure in the near future, or know someone who is, keep reading. If you owe a debt to someone …
Permanent link to this article: http://www.pessemierfinancial.com/blog/debt-tax-relief-act-expires-soon/
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/
Loading ...