Good news for Borrowers who are paying mortgage insurance as part of their mortgage payment! Borrowers with adjusted gross income of $100,000 or less may deduct 100% of their mortgage insurance premiums on their federal tax returns for the years … Continue reading
I’m often asked what an impound or escrow account is and why some Borrowers are required to have one and others are not. So, here’s the skinny! What we as Lenders refer to as either an impound account or an … Continue reading
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
It doesn’t matter who you are, applying for a mortgage is stressful! Even more so for that first time homebuyer who has never successfully been through the experience and is really hesitant to test the water. But sometimes that first … Continue reading
The Saga Continues With the first of the year having come and gone, the headlines are suddenly devoid of mentions of the fiscal cliff, which begs the question: what happened? For such an enormous issue with such a dramatic narrative, … Continue reading
Making it big in business after age 40
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Mortgage Info By Michelle Wickett 