May 30, 2018 5:17:08 PM
May 25, 2018 4:40:48 PM
Obtaining a home inspection is a very important investment that will give you the confidence to make the best decisions whether you are selling or buying a home. If you are buying a home, this can be your largest single investment you will ever make. As private mortgage investors, we recommend you learn as much as possible about the newly constructed home or existing home before you purchase. If you are already a homeowner, a home inspection will give you the opportunity to identify problems and suggest preventative measures to help avoid costly repairs in the future. Below we will explore the most common FAQ’s regarding home inspections.
Feb 23, 2018 1:27:43 PM
How does the new GOP Tax Bill Impact Mortgage Financing?
Republicans in Washington passed the most significant overhaul of the tax code since 1986. Many of us are left wondering how the tax bill impacts us. The plan is to reduce the tax burden for most individuals and put more money into people’s pockets at the expense of the national debt going up.
Jan 30, 2018 4:41:24 PM
There are many misconceptions when it comes to purchasing flood insurance.
Many homeowners think they’re not at risk for flooding, when they usually are. And many believe that if they are flooded, they’re insured for it. For example, the coverage is often inadequate lacking enough coverage to fully rebuild the home. Although flood insurance is available to many homeowners under the NFIP, most don’t have it. This is true for many of Hurricane Harvey’s victims. This hurricane was the most significant tropical hurricane in the United States history. Harvey’s damage was between $90 Billion and $160 Billion with a midpoint at $125 Billion.
Jan 26, 2018 2:33:56 PM
Economists say the economic growth for the fourth quarter was near four percent. A CNBC economic survey showed that in over a decade a majority was optimistic about the economy. Unemployment is expected to continue to go down while the economy is expected to grow in 2018. However, that’s faster than is healthy. Growth at that pace leads to overconfident irrational exuberance. This creates a boom that leads to a damaging bust. This will create inflation and increasing interest rates controls inflation.
Jan 24, 2018 11:59:46 AM
There has been troubling news released by S&P/Experian, as reports indicate that defaults on first credit payments by consumers are on the rise. While most indicators surrounding the economy and the stock market have been positive, this boom in defaults isn’t, as it’s the first time in two years defaults have increased.
Dec 4, 2017 11:41:12 AM
Dec 1, 2017 11:37:25 AM
Nov 21, 2017 12:17:49 PM
The constitutional amendment has changed certain options for the refinancing of home equity loans. These options include (1) lowering the cap on home equity-loan related fees from 3 percent to 2 percent but excluding certain additional fees from counting towards the cap (2) refinancing of a home equity loan with a purchase money loan (3) changing the threshold of the amount of advances on a home equity loan as long as the principal amount remains below 80% of the fair market value of the home (formerly was below 50% of market value) ; (4) allowing home equity loans against agricultural properties and; (5) establishing certain authorized lenders to make a home equity loan.
Topics: home equity loans
Sep 22, 2017 3:24:49 PM
Equifax Inc. announced a cybersecurity incident potentially impacting approximately 143 million Americans to potential identity theft. This breach was caused by hackers gaining access to key items of data including names, Social Security numbers, and dates of birth, addresses, driver's license information. In addition, credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers, were accessed.