by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
The new limit on deductible mortgage debt is $750,000, down from the previous $1 million. There are certain situations which may allow a home purchase to qualify for the $1 million, even if the home closes after Jan. 1, 2018. Talk to a tax professional to learn more....
by arnielevine | Jul 21, 2017 | Real Estate news, San Diego Real Estate
Americans are more confident about housing, as sentiment levels returned to the previous high. The Fannie Mae Home Purchase Sentiment index increased 2.1 percentage points to 88.3 in June, matching the all-time high set in February. The increase is due to four of the...
by arnielevine | Jul 21, 2017 | Finance, Real Estate news
If you bought a house with a down payment of less than 20 percent, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20 percent equity. Private mortgage insurance is expensive, and you can remove it after you have met...
by arnielevine | Jul 21, 2017 | Real Estate news, San Diego Real Estate
Housing inventory fell 8.9% from last year in the second quarter of 2017, sending homebuyers scurrying to beat the rising competition. Housing inventory dropped for nine consecutive quarters, and is currently down a full 20% from inventory levels five years ago. And...
by arnielevine | Feb 24, 2017 | Finance, Real Estate news
Imagine mortgage credit standards as a roadway, connecting lenders with potential borrowers who dream of owning a home. What in the mid-2000s was a wide-open superhighway with few barriers became, after the 2008 housing crash, a one-lane path open only to the most...
by arnielevine | Feb 24, 2017 | Finance, Real Estate news
During late 2016 and early 2017, Fannie Mae and Freddie Mac made some changes to their processes. Since these two organizations back about half of all mortgages in the US, it’s a big deal. Here are someimportant things to know about conforming 2017 mortgages....
