5.25%, the 80's, banks making a crap load of $$, and buying another home with 5% down
I often get asked what the minimum down payment requirement is to purchase another home. And by another, I mean residing in your current home as you are and purchasing another home that you or any one of your family members will frequent at one point throughout the year...like a home away from home.
June 1 stress test, easing of guidelines and 11th Hour Mortgage Qualification Collapses!
11th hour mortgage qualification collapses...how to avoid themThere is no better feeling than closing a real estate transaction, especially if the journey to get there was rocky and filled with intense drama all the way to the bitter end. And if you’ve ever purchased a property before, you’ll know w
Multiple Real Estate Triggers, AB&BC GDPs, and tax deductible mortgages
Is there such a thing as tax deductible mortgages?If you are a resident of the United States, the answer to this question is - yes. For decades Americans have been able to apply the interest portion of their mortgage as a tax deduction against their personal income. Regardless of whether it was an
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