Newark Delaware Mortgages If you are looking for a Newark Delaware Home Loan, then John R. Thomas is a certified mortgage planner who can help you find the best rate, term, and loan product to meet your short term and long term financial goals and to make sure the new mortgage fits into your current…
1031 Exchange – So named because it is defined in section 1031 of the IRS Code, 26 U.S.C. 1031, this refers to a commonly utilized tax break which allows capital gains taxed to be deferred in certain cases in real estate transactions. Considered one of the best ways to preserve wealth, the 1031 exchange, or…
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve. Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit…
FHA Loans – FHA Mortgage Insurance FHA does not fund home loans directly; rather, it provides a guarantee to the mortgage lender against default. There are two separate fees that HUD collects to provide a level of guarantee coverage to the lender: Up-front mortgage insurance premiums (UFMIP). Monthly renewal mortgage insurance (Monthly MI). The up-front…
If you’ve never had credit in your own name, it can be difficult to get a car loan or credit card. Having no credit history can be as much of a problem as having a bad credit history. Students, other young people, and newly divorced or widowed women who have always obtained credit jointly with…
Interest Rate vs APR You are most likely to encounter low mortgage interest rates and low annual percentage rates (A.P.R.) on television commercials or newspaper ads as lenders vie for the attention of potential borrowers looking for the lowest mortgage rates. This is just a tactic for them to get you to call so they…
Mortgage Insurance Tax Deductible Mortgage Insurance tax deductible in 2007 for some Delaware homeowners. This means for some home owners looking for a 100% financing, it may be cheaper to get one mortgage with mortgage insurance rather than a piggy back loan. A piggy loan is a 2nd mortgage loan that is used in conjunction…
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