Will mortgage rate increases cool a hot housing market?

By our guest writer Bob Cahill: Of course no one really knows if the increase in mortgage rates will cool a hot housing market.? The answer depends on factors that are worth watching in the coming months, ?especially if you?re in the market to purchase. First of all,...

HOMEOWNERS GET A LITTLE EXTRA CREDIT

Mortgages do provide homeowners with a little credit – Mortgage Interest Credit to be exact.? Check out Form 8396, Mortgage Interest Credit.? According to the IRS: Mortgage Interest Credit The mortgage interest credit is intended to help lower income individuals...

NEW YEAR’S RESOLUTIONS – PT 1

There might be a lot of uncertainty surrounding the tax rules these days. Don’t use that uncertainty as an excuse to avoid trying to improve your personal finances. What better time to make some resolutions for 2013 than New Year’s Day? Last January 1st,...

Refi Your Mortgage on Devalued Home with Harp 2.0

by Guest Writer Don Clark, LYC Mortgage LLC On October 24, 2011, the Federal Housing Agency (FHA), together with Freddie Mac and Fannie Mae, issued a press release announcing a series of changes to the Home Affordable Refinance Program (HARP). This program is designed...