December 11th, 2013 by admin
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There are a number of reasons why buying is more advantageous than renting in Mount Pleasant, Summerville, Charleston, Goose Creek, Ladson and other parts of Berkeley, Charleston, and Dorchester Counties. For one rents have skyrocketed over the last few years, making it less affordable to rent. Rent is likely to continue to rise because there is a…
December 10th, 2013 by admin
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FHA is set to reduce its loan limits for high cost areas beginning in 2014. The highest loan amount allowed now is $729,750 for areas like New York City, San Francisco, and Los Angeles. The new maximum will be $625,500. Other areas considered “high cost” will be reduced as well. In total it will affect…
December 6th, 2013 by admin
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Is Tax Relief Coming to an End? The Mortgage Forgiveness Debt Relief Act (MFDRA) is set to expire January 1, 2014. This is troubling news to anyone hoping to short sell their home. Under the current terms the debt that is forgiven isn’t taxed. However normal IRS rules require that the home owner who…