Selling a house can be downright stressful. Here are seven such doubts that most sellers experience and should be ignored, and one to consider when placing your house on the market. My home won’t sell. It’s not the right season. The housing market doesn’t slow down in the fall or winter. In fact, some research […]
Mortgage Forgiveness Debt Relief Act
January 10, 2013 by Leave a Comment
Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. Lenders send out 1099s to account for the amount of the debt they have forgiven. However, the Mortgage Forgiveness Debt Relief Act (Act) that was passed in 2007 states that mortgage debt that […]
A Simple Explanation Of The Federal Reserve Statement (June 20, 2012)
June 27, 2012 by Leave a Comment
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
Mortgage Payments Fall To All-Time Lows
June 25, 2012 by Leave a Comment
Today’s mortgage rates are a bargain as compared to just 1 year ago.
Fed Minutes Causes Mortgage Rates To Rise Suddenly
April 4, 2012 by Leave a Comment
The Federal Reserve has released the minutes from its last FOMC meeting. Mortgage rates are rising on the news.
Pay Your Mortgage Early, Boost Your 2011 Federal Income Tax Deductions
December 23, 2011 by Leave a Comment
Time is running out to boost to your 2011 federal tax refund. All that’s required is to make your January 2012 mortgage payment while it’s still December.