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Debt

#HomeEquity Loan #Taxes #Debt #Equity #EstatePlanning #RealEstateTaxes #RealEstateLaw #ClosingAttorney

March 8th, 2019 | Debt

Home Equity Loan Taxes: Watch Out, It’s a Whole New World Do you have a home equity loan or home equity line of credit (HELOC)? Homeowners often tap their home equity for some quick cash, using their property as collateral. But before doing so, you need to understand how this debt will be treated this tax season. With the recently […]

How Does Paying Off Your #Mortgage Affect Your #CreditScore? #RealEstate #ClosingAttorney

February 28th, 2019 | Debt

How Does Paying Off Your Mortgage Affect Your Credit Score? A mortgage is probably the largest debt you’ll ever have, and paying it off is a significant achievement. But credit bureaus like Equifax, Experian, and TransUnion might not be as thrilled. “Paying off any debt will certainly affect your credit score, and your mortgage is […]

How to Improve Your Credit Score Before You Buy a House

February 24th, 2019 | Debt

If you’re hoping to buy a house soon, one little number you’ll want to bring up to snuff is your credit score. Your credit score is a numerical summary of your credit report, a detailed document outlining how well you’ve paid off past debts—to your credit cards, college loans, and any place you owe money. […]

No #PayStub? No Problem. #UnconventionalMortgages Make a Comeback #MortgageLoan #ClosingAttorney #MassachusettsHomeBuyers

January 29th, 2019 | Debt

No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback Aryanna Hering didn’t have pay stubs or tax forms to document her income when she shopped around for a mortgage last year—a problem that made it tough for her to get a loan. But the nursing student who works part time providing home care for […]

#FannieMae #FreddieMac Changes #Shutdown #Mortgage #UnderwritingShift #RealEstateClosingAttorney

January 29th, 2019 | Debt
Freddie FANNIE

Fannie/Freddie Changes Run the Gamut, Including Shutdown Underwriting Shift “Some people are so poor, all they have is money.” How about “26 of the World’s Richest Own the Same Wealth as Poorest Half” in the world!? To the best of my knowledge the PUGS (partial U.S. government shutdown) is not helping anyone’s wealth and is […]

Improved Household Debt Levels Could Insulate Against a Downturn

December 24th, 2018 | Debt

You can cut the numbers in several ways, but no matter the way it is reported, American households are in relatively good shape when it comes to mortgage debt. While this isn’t a number many homeowners think about after they get up from the closing table, CoreLogic points out that it could be very important […]

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