Category Archives: Uncategorized

Fiscal Cliff Averted? It All Depends.

Search the term “fiscal cliff averted” and you’ll get about 57 million hits in a quarter of a second.  Is that proof enough that we did, in fact, avoid a cataclysmic spill over a scary economic precipice?  As a nation, … Continue reading

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Tax Planning for the Fiscal Cliff and Beyond- Business and Individual Planning

The holidays will soon be behind us and the new-year-new-you weight-loss ads will start to appear. That means it’s time to begin thinking – and planning – for year-end tax strategies to minimize the April 15th tax bite. Traditional tax-reduction … Continue reading

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BP Deepwater Horizon Spill Settlement – Your Business May Qualify for Compensation

The new Deepwater Horizon Court-Supervised Settlement is now open and accepting claims. This new program is a dramatic shift from the prior Gulf Coast Claims facility headed by Kenneth Feinburg.  Your businesses may qualify even if not located on the … Continue reading

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Gulf Coast Property Owners Can Receive Over $1,000

Do you own a condo on the Gulf Coast?  If you owned it on April 20, 2010, you are eligible for a payment being administered by the U.S. District Court-Eastern District of Louisiana because of the Deepwater Horizon Economic & … Continue reading

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Homebuyer Credit Closing Date Extended

On Friday, July 2, the President extended the closing deadline for the first-time homebuyer credit to September 30, 2010. Previously, the deadline to close was June 30, 2010 for an eligible homebuyer who entered into a binding contract on or before April 30, 2010. Continue reading

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Mortgage Rates are still at historic lows – Is it time to refinance?

Currently, rates for a 30 year conventional mortgage are approximately 4.875 (15yr, 4.25) with no points or origination. Also, the market for jumbos (over $417,000) has recovered somewhat making an upper bracket purchase or refinance much easier.

Many consumers have home equity loans which originated before lending institutions included interest rate floors in the terms. While it’s great to be paying 2.5%, sooner or later rates will begin to rise. When they do, the long term rates now available will be a relic of the past.

Even if you decide to keep your current mortgage or home equity arrangement, now is a good time to talk with your banker or mortgage lender and see what alternatives are available. Many institutions are offering refinance deals for current customers.

We solicited comments from a couple of local mortgage lenders: Continue reading

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