Opportunity Zones – The biggest economic development program in the country.

Opportunity Zones mark the latest way of helping investors save on taxes, while also aiding to advance the economic fabric of an underdeveloped community. These incentives were developed by the recently-passed Republican Tax Cuts and Jobs Act of 2017, which allows private investors to save on taxes by injecting cash into certain opportunity funds. TheContinue reading “Opportunity Zones – The biggest economic development program in the country.”

How the Government Shutdown Is Affecting Mortgage Lending

With the partial federal government shutdown now approaching its third week, several federal agencies have suspended all but essential operations. Federal banking regulators—the Consumer Financial Protection Bureau, FDIC, Federal Reserve, and OCC—remain open, as their funding does not come from congressional appropriations. But many federal lending programs and other functions that relate to mortgage originationContinue reading “How the Government Shutdown Is Affecting Mortgage Lending”

How will the New Tax Law affect retirees?

The changes in the Tax Cuts and Jobs Act signed into law late in 2017 will be reflected in 2018 tax returns, which are filed this spring. The law is one of the most sweeping tax code reforms of the last three decades, and it is likely to affect all Americans who file tax returns.Continue reading “How will the New Tax Law affect retirees?”

International buyers showing less interest in U.S. real estate

A combination of inventory shortages and rising prices means that international buyers are showing less interest in U.S. property than they have in the last few years. The National Association of Realtors says international sales in the U.S. hit $121 billion during the period from April 2017 to March 2018. The data comes from theContinue reading “International buyers showing less interest in U.S. real estate”

5 Factors That Determine if You’ll Be Approved for a Mortgage

If you want to buy a home, chances are good you’ll need a mortgage. Mortgages can come from banks, credit unions, or other financial institutions — but any lender is going to want to make sure you meet some basic qualifying criteria before they give you a bunch of money to buy a house. There’sContinue reading “5 Factors That Determine if You’ll Be Approved for a Mortgage”

%d bloggers like this: