We get clients asking all of the time about how to hold title, and we usually refrain, this is important to tell your clients, but make sure you have a disclaimer! I have written about the stepped-up basis in the past, but today I want to talk about the stepped-up basis when one spouse dies. Step-up […]

Real Estate prices have dropped about 10% since the market’s peak early this year, caused mainly by interest rate increases. Most people feel interest rates will eventually fall in the next 6-24 months. So let’s look at what we are paying for now differently. A house selling for $900,000.00 at the market’s peak has likely […]

Sometimes I sit at my desk in the AM or PM and think of ways to skin a cat! Not a real cat, but a client, not skin them. Help them! OMG, you blow stuff out of proportion! I heard that interest rates are deterring some people at this time, and I think most of […]

I keep getting the same question, can my buyer assume the loan and rate the seller has? The answer is generally no, but there are a few exceptions. FHA will allow an assumption with a full underwrite by the assumption department, which will take 30-60-90 days, so good luck! VA will allow a Veteran with […]

I wrote about a 2/1 Buydown on rates a couple of months ago, but that was a different market, and I think this is an excellent loan now. It allows a buyer to take a lower interest rate for the first two years, then the loan is a fixed rate for the final 28 years, […]