From the category archives:

Your mortgage & family

5 No No’s for divorcing parents

by Andre on January 18, 2012

Half of all marriages end in divorce. That means millions of children are impacted by their parents’ breakup. Divorce is always stressful for kids; but some folks make matters worse with their bad behavior following the split. Here are five mistakes that divorcing parents commonly make and ways to avoid those pitfalls in your unique [...]

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Get on the same page with money before you get married

by Andre on November 14, 2011

Here are some things to get straight with your partner before you get married 1. What’s your credit like? Your credit score is your “financial responsibility” number — and it impacts everything from your ability to open a line of credit to your mortgage interest rate. I have seen a lot of women with good [...]

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More parents finance their kids’ mortgage out of the box financing

by Andre on October 12, 2011

Now with a lot of investments for retires losing money. Some parents are looking at ways to get a steady return on their money and a way to help their kids Dad and Mom Mortgage Co. Tweet This Post

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Why Wells Fargo will be dumping reverse mortgages

June 20, 2011 Your mortgage & family

Wells Fargo announced that it will no longer originate reverse mortgages because of unpredictable home values and restrictions on those loans. Back in February Bank of America did the same thing, and in March Wells took reverse mortgages away from wholesale (brokers) and has been originating them only through its own branches. In 2010, reverse [...]

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Tapping Home Equity In Retirement

March 30, 2011 Money

Originally found at The Wall Street Journal A recent Wall Street Journal consumer finance column addresses the issue of using home equity for retirement. The column, “Tapping Home Equity In Retirement,” begins by noting that while most people would prefer not to use home equity for retirement, “given the state of retirement savings in the U.S., [...]

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The number 1 reason to refinance

January 25, 2011 Money

Here is the number one reason why people refinance their mortgage. With the price of college going up every year refinancing their home is the first option for most parents these days. College is getting more expensive every year. This is the number one reason people don’t have as much equity in their homes as [...]

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What loan is best for you and your family?

August 16, 2010 Your mortgage & family

As everyone knows, buying a home is stressful and one of the most important decisions that one has to make is what kind of mortgage to get. Choosing the mortgage that works best for you and addresses your specific needs can potentially save -or cost you -thousands of dollars over the length of the mortgage. [...]

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Getting older now means more housing distress

June 30, 2010 Money

Originally found at Reuters Amma Holmes expected to pay off the mortgage on her Tampa, Florida, home in the next few years. Instead, she lost her job and her two adult sons have moved back in to help pay her bills. She isn’t alone. For the first time in generations, getting older means carrying more [...]

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Selling an investment property and pay no capital gains tax.

April 8, 2010 Your mortgage & family

It is rare to sell an investment property and not have to pay capital gains tax. This is how customers are getting around that. This is typically only done with children, siblings or close family members. First you have to put the family member on the title of the property for at least six months. [...]

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Multigenerational Households Go Back to the Future

April 1, 2010 Your mortgage & family

Originally found at realtytimes The nation’s First Family mirrors a growing housing trend in America. Marian Robinson, lives with her daughter, Michelle Obama; her granddaughters, Malia and Sasha; and her son-in-law, President Barack Obama. The primary reason other families triple up is often an economic one that doesn’t impact the First Family, but the White [...]

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