We are paying off revolving debt (credit cards). We still have more we want to pay, but we are not sure if we should close them or not. What should we do? If you are looking at a situation where you need to pay off the debt to qua
Jan 30, 2015 |
We are interested in purchasing a home. Our current home is for sale and is under contract. Closing is scheduled on our new home before the closing of our existing home. How does this affect buying the new house? You wo
Jan 23, 2015 |
On December 14, 2014, legislation was passed to allow for tax deductibility of mortgage insurance (MI) premiums for qualified borrowers, once again. The deductibility is effective for purchase and refinance transactions closed after December 31, 20
Jan 23, 2015 |
Over the past couple of years, the MIP (mortgage insurance premium) rates on FHA loans have increased, which raised monthly mortgage payments. The increase kept some homebuyers out of the market. On January 26, FHA will reduce its MIP ra
Jan 16, 2015 |
"Roughly 42 percent of millennials say they want to buy a home in the next one to five years…As this generation matures, they will become a home-buying force to be reckoned with." – Dr. Stan Humphries, Zillow chief economist W
Jan 09, 2015 |
Every time I receive the value of a property from the appraiser, I hold my breath. The result determines not only the value of the loan but also if the home has any issues/needs repairs before closing. Basically, the appraisal is a big deal. For more, r
Dec 19, 2014 |
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