Fannie Mae will no longer require borrowers to put up to an extra 5 percent down payment when purchasing homes in areas deemed “declining markets”, the country’s largest secondary mortgage market company said Friday.
Fannie May had been hearing concerns from REALTORS® and others for months that its declining-markets policy was bad for the housing market […]

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Offer less? Or ask for a seller paid buy down? Which is better for you as a buyer?

By Maryanne Coffman

When you are preparing to make an offer on a home it is good to know what your options are as a buyer, especially when your budget is tight and you would like to […]

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Should You Leverage Your Home or Pay It Down Rapidly?
By Maryanne Coffman, Golf Savings Bank

There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization […]

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Maryanne Coffman, Golf Savings Bank
Nearly a full third of households are still renting…but if you are one of them, you could be paying a hefty price. Additionally, the children of the baby boomer generation are close to or at the home buying age, but these “echo boomers” could mistakenly decide to put off the purchase […]

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What is a 1031 Exchange?
Generally, if you exchange business or investment property solely for business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of […]

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