Dear Clients and Friends, Starting in October 2019, some home sales under $400,000 no longer require an appraisal. Previously, appraisals were not required on home sales of $250,000 and below. But federal regulators just approved a rule that will raise the threshold for the … [Read more...] about Appraisals no longer on certain home sales
Blog
Avoid problems with your mortgage application: Tips for applicants
Dear Clients and Friends, There are all sorts of stories out there about predatory lenders being sued for fraud against homebuyers. On the other side of the coin, however, a study by CoreLogic found that fraud by mortgage applicants is also rising. According to the study, … [Read more...] about Avoid problems with your mortgage application: Tips for applicants
When and how to talk to your adult children about your finances
Dear Clients and Friends, If you’re like most people, you don’t like to contemplate your own mortality. After all, you’re enjoying life and if you’re in your 50s, 60s or even 70s, that’s not really considered very old these days. That feeling is why so many older Americans … [Read more...] about When and how to talk to your adult children about your finances
Relocating with kids after divorce
Dear Clients and Friends, How hard would it be for you, as a divorced parent, to relocate with your children? In some states, a parent with custody must give the other parent (whether that parent has shared custody or not) written notice of his or her plans. If the other … [Read more...] about Relocating with kids after divorce
Same-sex couples should consider prenups
Dear Clients and Friends, As is well known the U.S. Supreme Court has legalized same-sex marriage throughout the country and a lot of gay couples who have lived together for many years have, or are getting married. And while every engaged couple should at least give some … [Read more...] about Same-sex couples should consider prenups
FHA reduces cash-out refinancing limits
Dear Clients and Friends, The Trump administration is limiting the amount of cash borrowers can withdraw from their homes under the Federal Housing Administration (FHA) financing program. As of September, the FHA now limits cash-out refinancing to 80 percent of the home … [Read more...] about FHA reduces cash-out refinancing limits
