Silvertrust Funding

2019 FHA LOAN LIMITS ANNOUNCED Riverside County- $431, 250 LA & Orange County- $726,525 San Diego County- $690,000

Congrats to Ashley Aguilera and her whole team for always raising the bar. We truly enjoy partnering with you and look forward to continued success in the future!!

Tap here: https://loanzify.com/get/BNOo/ Get Robert Fanzo's app for expert mortgage calcs & more

Will the FHFA switch from FICO to the VantageScore model?

Good Afternoon! After reviewing additional revisions to the tax reform bill this morning I felt it was important to get this information out to as many agents, clients and referral partners that I could. As many of you know the proposed tax reform contains a change regarding the exclusion of Capital Gains on a primary residence sale. The current laws states that a single person may exclude $250,000 in gain and married couples $500,000 in gain on a sale of their primary res...idence as long as they occupy the home for 2 of the last 5 years. The proposed new ruling is changing that time frame to 5 of the last 8 years which will make it important for all of us to educate clients on their new potential tax implications upon sale. The most important item to note is that on current transactions with the House plan even if the home is under contract in 2017 but closing in 2018, the client will be subject to the new capital gains ruling adding a 15-20% tax obligation on their gain. The Senate plan does provide for a provision that states if the home is under contract in 2017, the seller is then grandfathered into the current tax laws. This is important information to get out to potential sellers, clients under contract or clients on the market that may want to push a little harder to get their sale locked up before the New Year. Either of these plans has been finalized yet, but change is coming and everyone needs to be aware of these effects and how they will impact your clients. Please feel free to call or email me with any questions you or your clients may have. I wish all of you a successful last month of the year and a fruitful 2018!

Federal Reserve hikes the fed funds rate by .25% but mortgage bonds are rallying. This is great news for buyers going under contract because we are seeing a slight dip in rates today. Feel free to reach out with questions or an explanation on the effect this hike will have on long term mortgage rates!

The Silvertrust Team