by kramoltz@hotmail.com | Jan 5, 2018 | Taxes
1. Capital gains exclusion. In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion of $250,000 for an individual and $500,000 for married couples on the sale of a home. Plans to make it much harder to qualify...
by kramoltz@hotmail.com | Jun 5, 2017 | Home Buying, Mortgages + Lending, Selling Your Home
Educational docs/docs you may need after closing. Educational documents mainly are directed at the buyer/borrower, and most give information about the mortgage process. These contain info which may be useful and should be read. The loan related papers can generate...
by kramoltz@hotmail.com | Jun 2, 2017 | Mortgages + Lending
30 year mortgage rates fell below 4% last week to the lowest amount this year. And the 15 year rate was only 3.19%.
by kramoltz@hotmail.com | May 24, 2017 | Home Buying, Mortgages + Lending
The monthly amount necessary to acquire/own a home should be no more than around 28-30% of gross income. Include in this payment the monthly anticipated loan principle and interest, homeowners insurance, real estate taxes and association fees. To calculate that amount...
by kramoltz@hotmail.com | Mar 24, 2017 | Mortgages + Lending, Real Estate History
It would seem that the payment of a mortgage is a relatively recent activity historically. But lending has a long history, and may be as old as writing. For example, there is evidence of lending in Mesopotamia for grain purchases as far back as 3000 B.C.E. As to real...
