Wisconsin, Illinois & Texas Mortgages

      I hate to say this, but ever since 2010 I have been hearing a very similiar story told to me by borrowers.  Every borrower who told this story came to me after dealing with ABCQ Bank and BFFY Bank.  I am not going to call out the source, but I will say I am keeping tabs on the lenders the b...

      Did you know buried in last September's Small Business Jobs Act of 2010 are new 1099 rules for owners of rental real estate?  For the 2011 tax year, the IRS will consider owning 1 or more rental  properties “a business” for purposes of the 1099 requirements.    This means property owners mu...

      Most Loan Officers know & understand that the maximum # of properties any one person can finance = 4 properties.  This includes the borrower's Primary Residence.    There's a new update to the Rules. (August 2011)   Now up to 10 properties total can be FINANCED.    I have updated the detail...

    Most Loan Officers know & understand that the maximum # of properties any one person can finance = 4 properties.  This includes the borrower's Primary Residence.    There's a new update to the Rules.    Now up to 10 properties total can be FINANCED.    I have updated the details below....   A...