Monthly Archives: October 2017

    • Debt Relief May Trigger Tax

      The Mortgage Debt Forgiveness Act, originally passed in 2007, was extended three times to protect homeowners from paying income tax on debt that was relieved due to foreclosure, short sales or deed…

      Written by Mike Parker
    • Risk Rate Relationship

      Regardless of what a lender quotes on mortgage rates, the actual rate a borrower pays is based on a number of variables. Lenders determine whether to loan money and at…

      Written by Mike Parker
    • Pre-Approval is Good for Everyone

      Buyer’s mortgage pre-approval is good for everyone in the transaction. It saves time, money and removes the uncertainty of knowing whether the buyer will be qualified after negotiating a contract.…

      Written by Mike Parker