It's counter-intuitive that negative economic news can actually be good for home loan rates, but there's a pretty simple explanation, and once you "get it" it makes perfect sense. First, remember that big money managers in search of higher returns avoid holding onto cash by investing in both Stocks ... » Learn More about Why Bad News Can Be Good for Home Loan Rates
Uncategorized
Real Estate Market Update San Fernando Valley Los Angeles CA May 6 2014
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for the California Association of Mortgage Professionals gives an overview of the present real estate market, inventory issues, and statistics for the San Fernando Valley region of Los Angeles ... » Learn More about Real Estate Market Update San Fernando Valley Los Angeles CA May 6 2014
Tapping Into Retirement Accounts Replacing Homes as American Piggy Bank
For many decades, as property owners equity accumulated when their homes values went up, they would tap into the equity with cash out refinances, home equity lines, or reverse mortgages. The tightening of government regulations applicable to mortgages, and the elimination of many loan programs have ... » Learn More about Tapping Into Retirement Accounts Replacing Homes as American Piggy Bank
Short Sellers Won’t Be Taxed on Forgiven Debt
In a short sale, homeowners sell their homes for less than what is owed. If a lender agrees to the sale, the lender is forgiving a certain amount of the loan principle. The IRS and the state Franchise Tax Board have recently issued letters clarifying that California families who have lost their home ... » Learn More about Short Sellers Won’t Be Taxed on Forgiven Debt
Draft Tax Plan Would Limit Homeowners Tax Deductions
Rep. Dave Camp, Chair of the House Ways and Means Committee of the U.S. House of Representatives, recently unveiled a large-scale plan to overhaul the federal tax code. Included in his draft proposal was a significant limit on the mortgage interest deduction. Over four years, the amount of mortgage ... » Learn More about Draft Tax Plan Would Limit Homeowners Tax Deductions