Posts Tagged "Cliff"

Fiscal Cliff and Florida Real Estate Deals: Two Key Income Tax Exemptions

on Jan 8, 2013 in Stated Income Loans | Comments Off on Fiscal Cliff and Florida Real Estate Deals: Two Key Income Tax Exemptions

by marsmet526 Question by S S: Is there a program that allows a homeowner to refinance their house for what it is currently worth? Someone told me there was a program similar to this that Obama created. Has anyone heard of this? Best answer: Answer by JudyMortgage forbearance Go to hopenow.com – a governement website set up by HUD Call the 800 number and ask them. This site was set up to help homeowners from losing their homes. The government is there to help – take advantage. / Give your answer to this question below! Fiscal Cliff and Florida Real Estate Deals: Two Key Income Tax Exemptions … The deduction of mortgage insurance from federal income taxes has been extended for one year: to December 31, troche 2013. This allows home buyers who have less than a 20% down payment for their home purchase to buy the required mortgage insurance to … If you would like more informaiton please visit here… Single-Income Borrowers Face Tough Mortgage Approvals Each year, couples make up the largest portion of homebuyers, and according to the 2012 National Association of Realtors Profile of Home Buyers and Sellers, the percentage of these buyers has been increasing. Married couples or dual-income households … More informaiton please visit here… First Trust Mortgage Income Fund Declares its Monthly Common Share … WHEATON, Ill.–(BUSINESS WIRE)–First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund's regularly scheduled monthly common share distribution payable on January 15, 2013 to shareholders of record as of December 31, … More informaiton please visit here… Fiscal Cliff and Florida Real Estate Deals: Two Key Income Tax Exemptions...

Read More

Secondary Sources: 'Chained CPI,' The Fiscal Cliff And The Damage Done, Why

on Jan 1, 2013 in Unique Loan Programs | Comments Off on Secondary Sources: 'Chained CPI,' The Fiscal Cliff And The Damage Done, Why

A couple of good large residence pictures I located: History of the Large House Image by K. Todd Storch This was in the livingroom of the Large Home explaining some of the families that had lived in the residence considering that the 1800’s. If you would like to see much more homes click here… Construction at Michigan Stadium (the Big House) – University of Michigan’s Football Stadium Image by cseeman Huge rennovations at the Huge House – Michigan Stadium – at the University of Michigan’s Ann Arbor Campus. If you would like to see a lot more residences click right here… Question by Nerd: Short Pay Refinance Question? I have heard of short pay refinances for underwater mortgages but can you do this with a VA home loan? If not are there any options for severely underwater VA home owners? I know there is a VA streamline refinance, decease but this doesn’t help with the underwater equity, salve just with the interest rate (or so I think). Any info is appreciated. Thanks! Best answer: Answer by the kidIf you qualify for HARP, you can refi an underwater. If you don’t, you can’t without bringing cash to the table. Helps only with the rate does not in any way help with the principal. Add your own answer in the comments! by marsmet526 Question by Drum Wiz: Can I refinance my home loan since I have been laid off? I was laid off from my job a few months ago, visit web and my current home loan is current with no late payments. Things are starting to get tight on our finances. Are there programs or companies that will provide refinancing when someone has been laid off? Best answer: Answer by StephenWeinsteinRefinancing? No. However, story a “loan modification” may be possible. Add your own answer in the comments! Question by Lemiercat: Can you get a real estate loan (Gov/Trad) to purchase a more affordable home when you are now in a foreclosure Job loss and injury caused us to fall behind on our mortgage payments. The Bank wouldn’t work with us and began foreclosure proceedings after 30 days late. We cannot afford our current home. We are trying to sell, link but the sheriffs sale has happened, page our time to sell is limited. We have located a different home that is 1 1/2 times cheaper & will allow us to make MUCH lower house payments. We have some money to put down (the bank wouldn’t take partial payments, work out repayment plan etc..) but we need to finance the balance for this different home. Our credit is terrible now because of this but we need a home for our family & children…are there any loan programs (government or traditional) out there to help us get into this home. We tried going Contract for Deed but the Foreclosure Co. wants to cut the home loose (the home we are trying to buy is a foreclosed property that needs repairs but the payment would be $ 100’s less than we pay now) -Any guidance would be appreciated. Best answer: Answer by rhsaundersTalk to your bank, and talk to a loan broker. I have used both with good results. Your real estate agent should be able to suggest a good loan broker; that’s how I found mine. He put together a reasonable package (it wasn’t cheap), and two years later we refinanced into a much more reasonable mortgage. What do you think? Answer below! Secondary Sources: 'Chained CPI, sick ' The Fiscal Cliff And The Damage Done, Why … “According to the Congressional...

Read More