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Retry the American Dream of Home Ownership? What You Should Know

What you should know  Some borrowers who have sold their homes through short sales may be eager to buy another home while interest rates are still low. However, these borrowers should be aware of the downside of trying to purchase a home right away.  While banks are starting to lend again to those

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FHFA releases plan for Freddie, Fannie exit

The Washington Post FHFA releases plan for Freddie, Fannie exit The Federal Housing Financing Agency released a plan Tuesday for beginning to wind down Fannie Mae and Freddie Mac, largely by increasing fees charged to borrowers. Read the full story http://on.car.org/AtCefG

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Mortgage Insurance (PMI) still tax deductible expense?

Are you still qualified to deduct Private Mortgage Insurance (PMI) expenses? As of January 1, 2012, Congress passed a bill changing the terms regarding PMI deductions. The mortgage insurance deduction was enacted in 2006. It allows some buyers and refinancers to write off PMI premiums. Borrowers who are single or married and filing jointly with adjusted gross

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