Category Archives: Home Loan – Mortgage

What is a Home Equity Line of Credit?

Since home buying has faltered, banks have pushed home equity lines of credit (also known as HELOCs) to homeowners whose properties have regained much of the value they lost during the housing crisis. A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because a home

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Advantages and Disadvantages of 1031 Exchange

1031 Exchange Rules and Requirements  The Internal Revenue Code of the United States declares, under Section 1031 Exchange, that the swap of specific types of real estate property may defer due taxes applied on regular capital gains. If you represent a business that holds as asset one real estate property which, if sold for cash,

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Alternatives to Foreclosure: Options to Save Your House

Understand Your Options If you are late on your mortgage payment or if you haven't been able to pay your mortgage for several months in a row, your lender may consider foreclosing on your house. Regardless of the reasons why you are behind on your mortgage payments, the important thing is that you understand your options going

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Home Affordable Refinance Program EXTENDED!!!!

Home Affordable Refinance Program (HARP) Although the housing market is constantly increasingly there still are numerous homeowners that have little or no equity in their homes as the value of their property has severely declined during the recent housing crisis. The Home Affordable Refinance Program also known as HARP has been designed to help homeowners

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What is mortgage re-amortization / recasting and why do it?

Mortgage Re-Amortization Explained While the advantages and potential drawbacks of refinancing are well-known to most home buyers the loan recasting is an unexplored option. If you are looking to diminish your monthly payment amount and also save on interest you can take advantage of a strategy, called “recasting,” or “re-amortization. This game plan allows you to lower

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