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
Selling Real Estate to Family Members
A couple of weeks ago I talked about intergenerational wealth transfer and how reverse mortgages have propelled into the market place as a vehicle to access valuable equity with absolutely no monthly payment obligation. The homeowner (who must be at least 55 years of age) can apply to access up to
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