THE CARES FOREBEARANCE ACT IS IT RIGHT FOR YOU?

Although the current guidelines for the CARES Forbearance Act simply require that you notify your Mortgage Servicer that you have been “impacted by COVID19” to take advantage of that program, is that really the right choice for you? The program … Continue reading

SEVEN LEGAL DOCUMENTS TO EXECUTE BEFORE YOU DIE

It’s no fun to plan for one’s death or mental incapacity, but it’s important that you have a say in what will happen to you, your family and finances if something should happen to you! I’ve heard many horror stories … Continue reading

THE ABILITY TO REPAY

For many, having their refinance or new home purchase halted due to a “temporary” lay off as a result of the COVID-19 “stay home, stay healthy” order, has come as quite a shock. We are talking people who have been … Continue reading

RATE LOCK EXPIRATIONS & LOCK EXTENSION FEES ARE NOT COVID-19 RELATED

Not everything is a by-product of COVID-19, although that may be how it feels right now! When a Borrower opts to lock in their interest rate during the mortgage loan process, they do so for a defined period of time. … Continue reading

THE MYTH OF THE VA FUNDING FEE AND CLOSING COSTS

A zero down VA loan does not mean zero out of pocket when it comes time to close! There is a lot of misunderstanding when it comes to a VA loan, who pays what, and what costs if any are … Continue reading

CONGRESS RESTORES IMPORTANT TAX DEDUCTION

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