September 26, 2008 — beckywyatt The federal government’s Private Mortgage Insurance legislation is great news for the Real Estate Industry! Enacted on January 1st, 2007, the bill makes Private Mortgage Insurance (PMI) tax deductible for new borrowers whose personal adjusted gross income is $100,000 or less. For millions of home buyers, the bill creates an amazing opportunity to finance a more expensive home or potentially obtain a lower payment for the same-priced home, while reducing annual

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What is PMI? Is it tax deductible?

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(Pmi mortgage insurance on overvalued housing market) Reverse mortgages costly, but a way to avoid m September 14, 2008 – 8:50 am More info… QReverse mortgages were a big rage about a year ago. Is it not a good deal any more because of the drop in home prices

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Twenty Terms You Must Know and Understand Before You Sign Off On Your Mortgage Buying a home is a major achievement in most everyone’s life. Pride of ownership, tax breaks, equity and the ability to increase your wealth and net worth are just a few of the many benefits you’ll enjoy with your new home.

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20 Terms You Must Know

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100% financing taking its last breath? With all the foreclosure talk and the reasons behind it, it may come as a surprise to some that 100% financing still is alive and well. While conventional lenders have abolished straight 100% financing, the Federal Housing Administration (FHA) loan has again become the favorite loan program for home buyers everywhere.

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100% financing taking its last breath?

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Since debt ratio is such a important factor that determines your eligibility for a VA loan it may be a great idea to concentrate some time and effort to repairing or improving your credit. The goal is to deal with problems in your credit history that may hinder your opportunities rather than enhance your VA eligibility.

Certainly, it is recommended that you speak to a credit counselor to find the best strategies for producing real results and strengthening your credit rating. There are some basic steps that you can take to increase your chances.

High interest debt sources like credit card should be tackled before moving on to lower interest loans since they can have the most impact on your credit rating. Focus on eliminating as much credit card debt as possible. You will start to see real improvement on your debt ratio if you can limit how many cards you have and keep that single card paid regular for a half a year or so.

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If you are a vet who has acquired a VA business loan to open up your own new venture, you may like the idea of contacting and networking with other veterans as a means to building up or expanding your business enterprises. The Veterans Business Outreach Program, known as VPOT, is a great resource that has been designed for this purpose.

Through the VPOT, you can obtain practical advice from your fellow vets in matters of business. It is way to connect and make professional as well as personal relationship with fellow veterans who understand the sort of life circumstances that have brought you to this place. It is about finding some common ground and enriching your hopes for professional financial success.

Beyond the VPOT, the VA business loan program that is fostered by the SBA provides services not only for disabled vets but also to help those who have quit active service and are in good health but lack valuable training or education that could help them success in new business ventures, etc.

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