Finance

Finance Does it Make Financial Sense to Refinance in Kitsap County?   It takes a bit of time now to refinance your home mortgage and I’m not suggesting that it’s not a good idea to lower your monthly payment but there are several other considerations before you move down this path. First, how long are you planning to stay in your house and second, what costs […]
Finance Qualifying for A Home Mortgage   Two weeks ago I posted on how to go about checking your credit report.  Once you’ve done that and corrected any errors then the next step is to actually get your credit score.  As I mentioned you can do that for $7.95 or you can get your credit score from a lender (if you’re starting […]
Finance End of the Bush Tax Cuts Coming   This post is based on an article from the May 19-20, 2012 edition of The Wall Street Journal.  I’ll describe the potential changes if the tax cuts are not extended (it’s not certain) and how I believe this will affect housing markets, especially Kitsap County’s. The tax cuts enacted by President Bush are scheduled […]
Finance Caught by Surprise   This article from the National Association of Realtors® appeared several days ago in my email inbox and I was a bit surprised this hadn’t been “shopped around” or maybe it has and I just missed it. It does make sense for Bank of America (and other lenders for that matter) to offer this incentive […]
Finance Checking Your Credit Report   If you’re thinking about stepping forward and purchasing a home (or making a purchase in general, say a car) and not paying cash, whoever is providing financing is going to check your credit immediately. You can get one step ahead in this process by contacting each of the credit reporting bureaus (Experian, Equifax and […]
Finance Refinancing and the Mortgage Interest Deduction If you own a home and are itemizing your tax deductions on Schedule A, you’re probably deducting your mortgage interest (referred to as the mortgage interest deduction). But did you know that you’re only allowed to deduct “acquisition interest?”  Let me explain.  The tax code only allows us to deduct mortgage interest incident to a purchase […]
Finance $25 Billion Payout It’s been about two weeks since the States Attorneys General from several states have reached agreement with the five lending institutions (led by Bank of America) to help “underwater owners” with their financial ills.  The further we get, the more likely we will be to receive specifics of the “deal.”   Regardless, these lending institutions […]
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