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Lack of Knowledge Can Lead to “Excessive Debt”
A client referred by his CPA calls because he found out that his IRS tax from 2009-2011 that was delinquent, but on hold, was now due. The IRS was going to force the sale of the home if they didn’t come up with the money, $345,000. This couple had owned a business...
Paying PMI is Not Good
Paying PMI is bad. I had a new client come in for a pre-approval the other day and say that PMI is bad and he only wants loans where he doesn’t pay PMI. I asked him why, and he said because you can’t write it off and it’s a waste of money. So I gave him the option of...
No Big News in Economics This Week
Not a lot of news this week, but interest rates slid down .125% in most categories. Jobless claims for the week were down a bit, and the ISM came in with a strong number. That didn’t move the markets, so we are in wait and see mode.