Articles

Mortgage Debt Relief Act of 2007 Coming to an End October 1, 2012
Mortgage Debt Relief Act of 2007 Coming to an End

On December 31, 2012 the Mortgage Debt Relief Act of 2007 is expiring.  This piece of legislation allowed taxpayers to exclude income from the discharge of debt on their primary residence.  Debt reduced through mortgage restructuring, foreclosure, or forgiveness of debt qualifies…

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Good News- Read All About It! September 27, 2012
Good News- Read All About It!

Here’s some great news on the Real Estate “home” front. (No pun intended). According to several reports, there is a real housing recovery taking place, which has positive implications for the broader economy, not to mention positive implications for you, the homeowner. …

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5 Reasons Why Now May Be a Once In a Lifetime Chance to Buy a Home September 20, 2012
5 Reasons Why Now May Be a Once In a Lifetime Chance to Buy a Home

In almost every major U.S. housing market today, it has become cheaper to buy than rent.  While there is no guarantee that home prices will not continue to drop and clearly we have not yet escaped our economic downturn, there are a…

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FHA May Waive Waiting Period September 12, 2012
FHA May Waive Waiting Period

 Waiting Period Waived? The FHA is contemplating new, looser mortgage guidelines that would waive its standard “waiting period” after a significant derogatory credit event. Home buyers with recent bankruptcy, foreclosure or short sale may be cleared to buy homes immediately. The Federal…

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Does an Adjustable-Rate Mortgage Make Sense? September 5, 2012
Does an Adjustable-Rate Mortgage Make Sense?

 Adjustable-Rate Mortgage In recent years, adjustable-rate mortgages have been thought of by many as irresponsible borrowing. However, they’ve been making a comeback, especially among more affluent borrowers. An ARM may be the right choice for some, even if common sense leads you…

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Short Sales are Becoming Easier August 29, 2012
Short Sales are Becoming Easier

Easier Short Sales The Federal Housing Finance Agency has announced new short sale rules that might make it easier for borrowers to sell their homes for less than what they owe on their mortgages. The new rules will go into effect November…

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Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
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