Stories tagged: Tom Kelly
Sat., Feb. 16, 2019
If you’ve traded for a lakefront getaway condo and now think you would like to live there, make sure you own it for five years before attempting to pocket a …
Sun., Feb. 10, 2019
When we bought our first home, my wife and I were stunned to discover the person representing us in the transaction did not have a real estate license. Here we …
Sun., Feb. 3, 2019
Most states now have guidelines as to how business and rental property owners treat and protect their waterfront, especially when children are present. In summary, these owners are required to …
Sun., Jan. 27, 2019
Reverse mortgage funds can help seniors stay put in the home they own and close to their friends, church and familiar environment.
Sun., Jan. 20, 2019
The subject of appraisers and a structural flaw came up again last week when a friend asked if an appraiser should have known and disclosed appearances of dry rot in …
Sun., Jan. 13, 2019
If you are a senior and struggling with the expenses that are allowing you to remain in your home, take the time to research a reverse mortgage.
Sun., Dec. 30, 2018
In a recent column, we asked if a person who serves homebuyers and sellers for a living should be held to different guidelines if they are competing to purchase a …
Sun., Dec. 23, 2018
If the government was removed from home financing, special category loans would need to be included in any new system. We simply have to remember that special, by definition, means …
Sun., Dec. 16, 2018
The question becomes: Should a person who serves homebuyers and sellers for a living be held to different guidelines if they are competing to purchase a home?
Sun., Dec. 9, 2018
The first thing to remember is that nobody can read your mind. Make sure your real estate agent knows your concerns and keep all communication lines open.
Sun., Nov. 25, 2018
The borrower on a loan had planned to pay the small balance off within three years and save some interest money but was shocked to discover the loan structure – …
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 …