Assumptions are an AlternativeIn the late 80’s, both FHA and VA began requiring buyers to qualify to assume their mortgages. The main reason there haven’t been many assumptions in the past 25 years is that interest rates have been steadily going down and if a person has to qualify, they might as
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07/19/2017
Anytime a lender and borrower can agree on rates and terms, it can be a good match but IRS has specific rules that govern the transaction especially when the parties are family or friends.The loan must be done in a business-like manner with a written note specifying the loan amount, interest rate
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07/13/2017
Businesses must treat customers fairly if they expect to do business with them again or get recommendations to their friends. Customers of stores like Nordstrom’s understand that a salesperson is an employee and represents the company.The line becomes less clear in some industries, especially on
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07/03/2017
Mickey Mantle said “If I knew I was going to live this long, I’d have taken better care of myself.”Similarly, if people planning their summer travel knew they were going to have an emergency, they would have the right things available. Only 5% of drivers carry all recommended emergency supplies i
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07/03/2017
If you haven’t heard of a CLUE report, it has nothing to do with the table game searching for a murderer. It is a report showing the insurance claims on your home and car for the past five to seven years.This database is used by insurance companies to evaluate risks and determine rates. C.L.U.E.
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07/03/2017
There is increasing difficulty for first-time home buyers to save for their down payment as indicated in the graph. Several factors that contribute to this trend include rising rents, rising home prices, student loan debt and flat wages.Some would-be buyers feel they cannot buy a home today but
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07/03/2017
