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Fannie and Freddie set dates for their new refi option

Housing Wire

It’s estimated that the options, intended to pave the way for lower-income borrowers who missed out on the massive refi wave in 2020, will save homeowners an additional $100 to $250 a month on their mortgage payments. The reality is that borrowers who are in this bracket likely have an FHA loan ,” Stevens said.

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Opinion: FHA should lower Mortgage Insurance Premium

Housing Wire

Written by an independent third-party auditing firm, the study produces a net present value of the total FHA forward and reverse mortgage portfolios. In fact some may argue that they are holding premiums high as these huge reserves are treated like profits to appropriators and can be used to fund other government programs.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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What the Biden tax plans mean for the housing market

Housing Wire

From an economic perspective, the government acted boldly to support households and businesses through the crisis with monetary and fiscal stimulus. Government budget and tax statistics. As shown there, in fiscal year 2020, the federal government spent $6.6 Benjamin Franklin, in a letter to Jean-Baptiste Le Roy, 1789.

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The title insurance industry prepares for battle

Housing Wire

At many title firms, the slowdown in homebuyer demand, due to rising mortgage rates and higher home prices, meant a decrease in order volumes. On top of slowing purchase order volume, rising mortgage rates also decimated refinance orders. What happened to the market?’”.

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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

You can only deduct mortgage interest and repairs you make that restore the property to its original minimally functional condition. If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. Depending on your marginal income tax bracket, these taxes could range from 0% to 15%. Property taxes.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Household Finances – The Best (Ever).