There has been a lot of discussion lately regarding the Dodd-Frank Wall Street Reform Act and Consumer Protection Act. These regulatory acts established in 2010 under the Obama administration are among the many issues that are currently heavily split between political lines. New Legislation Under Vote Recently, the House of Continue Reading →
No matter what your political beliefs, it’s important to understand how the economy is affected when potential scandals arise. In the mortgage industry, interest rates are directly affected when big political headlines hit the front pages of major media outlets. They can go up quickly amidst positive economic news. Likewise, Continue Reading →
Every year, congress makes changes to the tax codes. And though some details may be altered from year to year, there are always good tax breaks provided by the government. It’s a simple fact that homeowners will receive better personal tax incentives than anyone who rents. First-time home buyers can Continue Reading →
If death and taxes are the two true givens in life, there probably should be a third: the bucketful of tax breaks Uncle Sam throws out every year to encourage more Americans to buy a home. From being able to write off virtually all mortgage interest, not only for your Continue Reading →
The simple answer is that it won’t. Even though most mortgages are owned and backed by the Federal Gov. Agencies, Fannie Mae and Freddie Mac, the terms and servicing of them are pretty iron clad. What will be effected though is your paychecks and the overall economy. Many businesses and Continue Reading →
