Category Archives: Mortgage and home loans

New Law Extends Mortgage Forgiveness Debt Relief Act

New U.S. Law signed by the President on January 1, 2013 extends certain provisions of the Mortgage Forgiveness Debt Relief Act through the U.S. American Taxpayer Relief Act of 2012 until December 31, 2013. This Mortgage Forgiveness debt relief act … Continue reading

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Home Loan Mortgage Payments Average is Way Down at Orange County CA Real Estate

Purchase money home loan (mortgage) rates quoted on June 15, 2012 – at Orange County, CA – are excellent and amazingly good for buyers and those would would refinance. 30 year fixed conforming – 3.625 percent – payment would be $4.56 per … Continue reading

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Amazingly Good Purchase Money Home Loan Rates Continue at Orange County CA Real Estate

Purchase money home loan and mortgage rates quoted this week by First Capital Mortgage, Newport Beach, CA, continue to be amazingly low.    Tim Sibley Direct 949.721.5018 Fax 949.640.7091 tsibley@firstcapitalmtg.com Sam Isaac Direct 949.574.3556 Fax 949.640.7091 sisaac@firstcapitalmtg.com Downloads Loan Application Payment … Continue reading

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Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

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Home Mortgage Loan Rates Continue at Record Lows

Mortgage loan rates reached new all-time lows last week and moved home buyer affordability even higher. Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points … Continue reading

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FHA Loans Becoming Popular at Orange County CA

I like the Paul Scheper article “FHA Loans becoming popular in Orange County” in this month’s Orange County REALTOR® magazine, which was published by the Orange County Association of REALTORs®.    Paul says in his article that FHA loans have emerged as loan of choice … Continue reading

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