How Conforming Loan Limits Are Set Each Year

Here in just a couple of weeks, some important economic data will be reviewed by the Federal Housing Finance Agency, or FHFA. This new data will then impact the new conforming loan limits for 2019. Mortgages are considered either a “conforming” or “jumbo” based upon the amount borrowed. Conforming loans that are underwritten to Fannie…

Are Extended Warranties Worth the Cost?

Extended warranties offer consumers longer terms of coverage on service, repair and replacement for their home’s appliances than the standard out-of-the-box warranty from the manufacturer. These warranties are highly profitable for retailers, as they can run up the total cost of your purchase by $100 or more, with very few claims being filed per year.…

Defining Who Owns What is Critical

Q. I am on the Board of Directors of our homeowner association, and as winter is around the corner, we know we will start getting calls from owners to make repairs to such things as the streets, our tot lot, and the community recreational facility. However, we often get requests to repair (or replace) such…

How to Choose a Roofer

Fall is a popular time to repair or replace a roof because the summer rush is typically over. But selecting the right roofing company can be more challenging than you might think, and with an expense this large and a project this important, making the right choice is critical. “Installing a new roof is one…

Buy Real Estate Now

Don’t have the resources to purchase real estate on your own? Do what I did, buy real estate with partners. I will have an entire series on this subject soon if there is an interest. We call it “Syndication” and it may be your key to financial freedom and a successful real estate business. Considerations When…

Achieving an HOA Meeting Quorum

It’s five minutes until the Annual Meeting starts. The governing documents require the presence in person or by proxy of at least 25% of the eligible voters to establish a legal quorum. With only 21% of the members so represented, the meeting has to be canceled and rescheduled. This is an all too frequent scenario…