Nearly 28 percent of United States’ workers are what we call “the independent workforce”: the small business owners, consultants, freelancers, and “gig economy” workers. That’s upwards of fifteen million Americans—over 10 percent of the United States’ fully employed workforce.
We thought it would be timely to highlight some of the most important tax deductions related to your home you may be eligible for.
Last week, The new Trump team suspended the pending rate cute to FHA mortgage Insurance (MI) that had just been approved by the Obama administration as one of their last actions in office. So, what does this reversal mean?
Britain’s affirmative vote to exit from the European Union has helped push rates in the US to a new low for the year. Mortgage rates are the lowest they’ve been in over 3 years and within 0.25% of the all-time record lows experienced in 2013. The narrowly-passed (52% to 48%) secession means certain financial change […]
While mortgage debt is one of the biggest expenses for the nearly 90 million American households living in houses they own, it also has some tax benefits. Here is some information on mortgage interest deductions. To begin with, you must be the primary borrower on the mortgage to qualify. The deduction only applies if you’re […]
California has long been at the forefront of green energy. And with sunshine being prevalent in the state, solar panels have been a key part of the green energy movement. While this obviously has its benefits for the environment, homeowners who install solar panels on their home may be left with an unintended consequence: They […]
It is getting hard to get a mortgage, and that is weighing down the US economy. That is according to a Deutsche Bank note out Tuesday. “Mortgage standards tightened modestly in 1H15 … off what we would consider already tight levels,” the note said. “And we expect additional tightening following recent guidelines from the Federal […]
Mortgage borrowers should find it easier to compare different loan products and understand the total cost of their loan under new rules that take effect Saturday.
With the inventory and interest rates going down, the scope of making profitable deals for home sellers is increasing. I would like to offer a few thoughts on how to help you prepare the best offer and get your offer accepted. Pre-Approval Documentation Get a pre-approval letter written by a professional broker or banker. You […]
There are a number of methods for refinancing and fulfilling your financial needs. If you are looking for a method to accelerate your mortgage payoff by refinancing to a shorter term, make sure to focus on the amount of interest you have to pay. Compare the amount you have to pay on the current loan with […]
For those of you who cannot qualify for loans due to the strict underwriting guidelines of traditional or conventional loans, we have another convenient option to assist you financially. Private money loan is customized money borrowing and does not follow market laws. These loans focus on the current property value, purpose of the loan and […]
For many small businesses, the words “company culture” and “employee experience” are intangible and often times ignored. For DLJ Financial, not only are they achievable, they are something we strive for every single day. Very rarely is a company recognized for providing a supportive and fun environment for their employees so we are extremely proud […]
If you’re comfortable with what you see, go for it now! Why? Home prices in almost all areas in the country are going up, rates are sliding up and discussions on conforming loan limits being reduced are here and coming as soon as January 2014. Lending Background Since 2008 Loan limits for Fannie Mae and […]
People hit the hardest by the down turn in the economy maybe able to get back the American Dream, sooner rather than later. Borrowers who had to foreclose, claim bankruptcy, or have a short sale will now have a chance to get back into a home after only one year. FHA sent a letter to […]
With inventory and interest rates still at all time lows, sellers are experiencing multiple offers on their home and we are in an environment of bidding frenzies. I would like to offer a few thoughts on how to help you prepare the best offer and get your offer accepted, ultimately leading up to the largest […]
By Leslie Oliver The HARP program has been able to help many homeowners take advantage of today’s lower rates. It started in 2009 with HARP, revised later to HARP 2.0, and while we wait with bated breath for HARP 3, it seems U.S. Senators Robert Menendez (D-NJ) and Barbara Boxer (D-CA) have reintroduced a bill […]
The First Quarter of 2013 is behind us. The S&P and stock market have had their strongest quarterly performance in over twenty years. This is a double whammy: The S&P produced a double digit total return performance in the first quarter gaining 10.6%. The stock index gained at least 10% in consecutive quarters just 3 […]
You may be thinking of getting that new granite countertop or expanding your master bedroom. After all, you’ll get to enjoy the new home improvements while you’re living in the property and it will hopefully increase the value of your dwelling if you sell, right? You are likely correct, but before you run to your […]
Getting a home mortgage loan can be a complicated process filled with decisions, paperwork and fine print. When it comes to mortgage loans, many people consider going to their local bank as their only choice. But working with a mortgage broker can help you explore more options and choices than your bank would typically offer […]