Not Your Everyday Home Loans-Opportunities for Self employed, passive Income Earners, and Investment Property OwnersIf you are paid with 1099 income, are self employed, have passive income or own investment homes, there are loans specifically for your situation. A lot of people think that a borrower needs to earn W-2 income in order to be able to qualify for a home loan. There are many loan product options for outside the normal, everyday W-2 income earners. Here is Part 2 of this article. Passive Income –This loan is for borrowers with rental income, Social Security benefits, and retirement income. 75% of the rental income is used to allow for gaps in rent. Plus taxes and insurance are deducted. The amount received from Social Security and retirement accounts can be grossed up if they ... 10/22/2021

According to the Hockessin (Delaware) Historical Society,  if you’d passed a certain plain, stuccoed house in Hockessin in the 1990s, you probably wouldn’t have noticed it, I certainly never did. And I certainly didn't suspect that it contained a 1790s log tavern. But in the years around 1800, Tweed’s Tavern was an important layover stop for carters and others traveling between the Delaware River and the grain farms and gristmills farther inland. (photo-Tweeds on right, museum on left) In 2000, assessment work ahead of road construction uncovered Tweed’s Tavern, hidden within a house that had been modified regularly in the two hundred years after the tavern was built. The Hockessin Historical Society stepped in to help preserve the structure. It moved the log tavern to a nearby site, a... 10/18/2021

With the final quarter of 2021 upon us, mortgage rates remain low and just above the all-time lows seen at the outset of the year when the 30-year fixed-rate mortgage hit 2.65%. As the U.S. economy grew and the labor market strengthened throughout the year, rates increased slightly, which is natural in an improving economy. Rates were held low due in part to the Fed's massive asset purchase program where it purchased up to $120B worth of mortgage-backed and Treasury securities each month to promote lending. But with the improvement in both the economy and the jobs market along with an uptick in inflation, the Fed is now ready to begin scaling back or tapering those purchases. The taper announcement could come at the November 3rd FOMC meeting but, as Fed Chair Powell has stated, any tap... 10/22/2021