Seller Concessions Pros and Cons Seller concessions can make a home purchase more affordable for buyers, but can also impact the seller's profit and appraised value. Let's explore the pros and cons of seller concessions, negotiating for benefits, limits by…
Key Takeaways: FHA MIP costs were reduced from 0.85% to 0.55% Potential savings of up to $1,056 annually and $31,680 for a $350,000 30yr mortgage. In Texas, FHA loan limits are $472,030 for single-family FHA home loans. Federal Housing Administration…
Understanding 1031 Exchanges and Timeframes The 1031 Exchange 45-Day Rule and 180-Day Deadline Tax deferred real estate allows investors to defer capital gains taxes on the sale of their assets through a 1031 Exchange. A crucial aspect of this process…
Reverse Mortgage Eligibility Understanding Reverse Mortgage Eligibility for an FHA (Federal Housing Administration) HECM (Home Equity Conversion Mortgage) is crucial for homeowners considering this financial option. Let's explore the requirements related to age, homeownership, and primary residence for reverse mortgage…
