Hub News

Advice for Retirees When Downsizing: Part 1 of 5

The first thing to keep in mind when considering downsizing is that you should be careful not to wait too long. The longer you wait to downsize, the more time you spend paying your higher incoming taxes, utility bills and other

A Palace Fit for a Pop Princess

Lady Gaga is the proud new owner of a $24 million Malibu, California, estate, according to the Daily Mail. The listing for the property reveals that a 10,000-square-foot home with five bedrooms and 12 bathrooms sits on six acres of

Researching Utilities Is Essential in Determining Home Buying Budget

The importance of factoring in taxes and insurance costs when considering a home buying budget is well known, but Bank of America reminds us of another pesky monthly expenditure to keep in mind. “If you’re moving into a larger home

FHA Close to Rebuilding Insurance Fund Cushion

The FHA is close to meeting the federally mandated minimum balance that it is required to maintain in its insurance fund. The balance dipped so low last year that the FHA had to borrow $1.7 billion in taxpayer money to

NYC Facing Tax on Part-Time Residents

New York City mayor Bill de Blasio is considering a proposal to slap an extra tax on homeowners who spend less than half the year inhabiting their city dwellings. “It targets very wealthy non-New Yorkers who enjoy our services, don’t

Mark Zuckerberg Buys $100M Worth of Hawaiian Land

Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, purchased 700 acres worth of land along Kauai’s North Shore that includes Pila’a Beach and the Kahu’aina Plantation. According to the Daily Mail, the couple plans to build a private getaway

Boutique Lending Agencies Approving Riskier Mortgages

According to a report by Bloomberg News, although the big banks remain stingy with regard to who they give out mortgages to, many smaller lenders are beginning to take a risk in approving mortgages for people with a less-than-stellar financial

State of Georgia Reprimands Sun West for Employing Convicted Felon

Last month the State of Georgia served Sun West Mortgage Company a cease and desist letter, banning the mortgage company from continuing to provide jobs for its nine convicted felon employees. “Georgia mortgage brokers and mortgage lenders are prohibited from

One Important Thing to Consider Before Taking Out a Home Equity Loan

There are several things to think about before taking out a home equity loan, but among the most important is to consider is what the loan will be used for. “The best reason to take out a home equity loan

Feel Good Story: Mortgage Banker Thwarts Bank Robbery – Over the Phone!

A mortgage banker for Primary Residential recently came to the aid of another bank while it was getting robbed – and he did it over the phone! “Our sales Manager Corey Lewis was on the phone with a customer while

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