A REALTOR’S LIST OF “TO-DO’S” AFTER CLOSING ON YOUR NEW HOME

When asked “what is your advice to home buyers who have just purchased a home”, a group of Realtors came up with the following list: Change the locks Change the garage door opener codes Change the utilities into their name … Continue reading

NO YOU DON’T NEED TO REFINANCE YOUR CONVENTIONAL MORTGAGE JUST TO CANCEL YOUR MORTGAGE INSURANCE

Repeatedly I receive telephone calls from consumers looking to refinance their conventional mortgage simply to drop their expensive monthly mortgage insurance. A refinance is not necessary to accomplish this! A refinance is a costly way to accomplish something than can … Continue reading

WHAT TO DO IF YOU RECEIVE A NOTICE FROM THE IRS

Its well past any filing dates for IRS tax returns and you go to your mailbox only to find that you have a letter from the IRS. Never a good feeling, but not necessarily the end of the world either! … Continue reading

VA LOAN NUANCES

The VA loan program seems to come with a number of misconceptions that I’ll try to clear up below. Q: Are my GI Bill benefits used as qualifying income? A: No. VA does not see VA educational allowances as a permanent source … Continue reading

THE CYCLICAL NATURE OF THE MORTGAGE INDUSTRY – MIGHT HISTORY ALREADY BE REPEATING ITSELF?

Remember the old adage, “history repeats itself”? Well that phrase has never been more accurate than when referring to the cyclical nature of the real estate industry and the mortgages that support it. Just think back 11 years to the … Continue reading

TENANT OCCUPIED RENTAL HOMES FOR SALE!

In our current low inventory climate, any listing may sound like a good listing, but take note, tenant occupied rentals—as you can imagine— may come with their own set of issues. The most commonly raised concerns are: The tenant does … Continue reading