Stories tagged: Tom Kelly
Sun., Nov. 11, 2018
Many mortgage professionals would like to see more programs today in which loans emand borrowers to have sizable down payment in exchange for a benefit of a moveable mortgage down …
Sun., Oct. 28, 2018, 5 a.m.
Most real estate investors are familiar with tax-deferred exchanges. This practice allows the seller of an investment property to defer the gain on a sale by purchasing property of equal …
Sun., Oct. 7, 2018
If you bought an investment home there now and rented it out, is there a way of knowing if it will appreciate? And, is there a break-even formula to use …
Sun., Sept. 23, 2018
Because a primary residence was unoccupied, vacant and headed for sale, its insurance premium had jumped to nearly eight times the normal rate.
Sun., Sept. 9, 2018
Co-signers, or co-borrowers, can help bring you up to the income needed to qualify for a loan, but guidelines can be very specific depending on the type of loan. Usually …
Sun., Aug. 26, 2018
While family and friends can be the key to a successful vacation rental property, they also can be a major pain in the backside.
Sun., Aug. 12, 2018
While rent-by-owner agencies say it’s a snap to find renters for your family cabin on the internet, the best way to ensure your sanity – and your second-home’s safety – …
Sun., July 29, 2018
The rules for purchasing real estate with an individual retirement account are specific and differ greatly from those that govern conventional rentals and second homes.
Sun., July 8, 2018
Lenders are more focused on the proper verification of a borrower’s assets. But just how long is the information stated on your home-loan application considered valid?
Sun., June 10, 2018
The fondest memories of my youth are of warm days on those family trips.
Sun., May 27, 2018
The U.S. Tax Court recently ruled that the cap on mortgage interest deductions applies in the same way to unmarried couples as it does to married couples, affirming a ruling …
Sun., May 13, 2018
But to what extent should the property’s known history, or stigma, be included?
Sun., April 29, 2018
Have you moved into your mother’s home, paid her monthly mortgage yet have been unable to take a mortgage interest deduction on your federal tax return because you are not …
Sun., April 8, 2018
Most of the breaks included in the Bipartisan Budget Act of 2018 did little for consumers, which was probably the reason it passed so quickly.
Sun., March 25, 2018
Knowing and accepting that a parent or older (perhaps disabled) family member is coming to live with you is one thing. Finding a way to finance that accommodation is a …
Sun., March 11, 2018
Before deciding on and executing the typical major renovations – roof, bathroom and kitchen – plus other applications that are often needed to age in place, remember that any renovation …
Sun., Feb. 25, 2018
FHA Title 1 loans of up to $25,000 are available to owner occupants and investors who want to repair or improve their property.
Sun., Feb. 11, 2018
The 3,700-square-foot bed and breakfast situated on 18 acres was built for the purpose of improving the quality of life for people living with physical disabilities, providing creative options for …
Sun., Jan. 28, 2018
A lease-option allows the vacation renters to buy time to research the area while getting a portion of the monthly rent credited toward the down payment if they decide to …
Sun., Jan. 14, 2018
Even though retired naval officer Jim Kelley purchased his present home with a loan insured by the Department of Veterans Affairs, a Navy buddy told Kelley it would be possible …
Sun., Dec. 24, 2017
How will my childhood holiday memories compare with those of our four children – now only occasional visitors – in the place they had called home? That thought comes to …
Sun., Dec. 10, 2017
If you are a rental property owner looking for a year-end tax deduction on a property, you might want to consider doing that needed roof repair/replacement before the end of …
Sun., Nov. 26, 2017
If you have used the excuse of poor weather to support the notion that “we’ll never use it enough anyway” to delay your decision of seeking a second home, turn …
Sun., Nov. 12, 2017
But some people – even those who desperately need the funds and whose homes are owned free and clear – have been unable to go through the reverse-mortgage process and …
Sun., Oct. 29, 2017
Here’s an interesting story about a young couple who used their IRAs to buy a waterfront parcel on a Montana lake.
Sun., Oct. 15, 2017
For Bill King, 56, a genuine response to an insurance-related question sparked a chain of events that cost money and anxiety and brewed frustration and mistrust for the industry.
Sun., Oct. 1, 2017
The loans have given lenders the incentive to smooth over the unpleasant connotations of “second mortgage” and create a new atmosphere surrounding “home equity.”
Sun., Sept. 17, 2017
A court case sent a message that condo associations should be careful on how owner-occupant ratios are achieved.
Sun., Sept. 3, 2017
Why do business with a company that refuses to speak to you? Regardless of how much information is available online and on the phone, if I pay for a service, …
Sun., Aug. 20, 2017
The nation’s top homebuilders have sought counsel from service-oriented leaders like Ritz Carlton in an attempt to corral loyalty and its incredibly powerful result – marketable referrals – to subdivisions …