Congressman Gary Ackerman (D-New York) sent a letter to House Appropriators Thursday urging them to extend the temporarily increased conforming loan limit that will otherwise expire October 1. Ackerman was joined by 36 members of Congress in his request. Ackerman suggested the conforming loan limit extension be built into the continuing resolution that will keep …
Continue reading ‘Congressman Suggests Extension of Conforming Loan Limit’ »
Unless Congress takes action, the current loan limits will expire on Sept. 30 and the cost of a mortgage could rise significantly, especially in high-cost areas such as California. Making sense of the story More than 30,000 California families could face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan …
The purchase of a home is for many, the single largest investment you’ll make in your lifetime. It is only prudent to safeguard your rights and investment. Title insurance assures your rights and interests to the subject property, transfer of ownership, and protection from future claims against the property. It is the most effective and …
In early November, co-chairs of the National Commission on Fiscal Responsibility and Reform released a draft of a proposal that suggested significantly reducing mortgage interest tax deductions. The final proposal was released Wednesday amid much controversy. The details of the draft have been circulating for weeks, and while the proposal has received some support, there …
Continue reading ‘Panel Unveils Proposal Suggesting Limits on Mortgage Tax Deductions’ »