Monthly Archives: August 2011

Commercial Real Estate Update

Posted ago by Cary Cox

ShareHere is a quick commercial update from our friends at Boxwood Means. While Texas real estate including commercial has held up relatively well, that’s not the case for the rest of the country. As you can see rents in commercial …

FHA vs Conventional Mortgage

Posted ago by Cary Cox

ShareClients always ask whether they should do an FHA Mortgage or a Conventional Mortgage? What I feel they really want to know is which type of mortgage, a FHA Mortgage or a Conventional Mortgage is best for their unique mortgage …

Fed: Risk of Recession “Quite Low”

Posted ago by Cary Cox

ShareAccording to William Dudley, the president of the Federal Reserve Bank of New York, the risk of a double-dip recession is still quite low. Dudley said that only some of the the restraints on growth, such as high oil prices …

Mortgage Write-Downs Good or Bad?

Posted ago by Cary Cox

ShareSome things sound great in theory, but many times have unintended consequences that people don’t consider. Mortgage write-downs, the act of a bank lowering the principle balance due in order to lower the home-owner’s debt and payment is no different. …

IRS Tax Tips for Homeowners

Posted ago by Cary Cox

ShareNot only do you have to report your mortgage interest to the IRS to get your mortgage interest deduction on your home, but there are several items to consider tax-wise when selling your home or any property. The Internal Revenue …

Addendums To Purchase Contracts

Posted ago by Cary Cox

ShareWhen buying a home first and foremost we always recommend using a realtor as today’s purchase contracts have just become to lengthy and complex for most non real estate professionals other than attorneys. Since it’s most people’s largest purchase they …

Mortgage Application

Posted ago by Cary Cox

ShareIf you have not made a mortgage application recently and are thinking about refinancing with the current low mortgage rates or need to submit a mortgage application to purchase a home – be prepared to provide more documentation than you …

Mortgage Rates Headed Lower?

Posted ago by Cary Cox

ShareDespite all the talk of the debt downgrade and how mortgage rates and interest-rates would skyrocket, it just hasn;t happened. In fact, mortgage rates have done the exact opposite, mortgage rates especially long-term mortgage rates have gone down. It’s been …