On February 21, 2018 the IRS clarified that in many cases taxpayers can continue to deduct interest paid on home equity loans, lines of credit, or second mortgages, regardless of how the loan is labeled.
Beginning in 2018, taxpayers may only deduct interest on $750,000 of qualified residence loans. The new limits apply to the combined...
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Blog
The State of Purchase Appraisals – Q&A with Frank Guarnera
December 12, 2017
We sat down with Frank Guarnera, executive director of valuations for Accurate Group, to discuss the challenges lenders face with real...
Read moreA Win for Texas Lenders – Proposition 2 Home Equity Loan Amendment Passes
November 14, 2017
In the past, there has been 3% cap on home equity loan fees in Texas. With steep violations for non-compliance, many lenders limited volumes or avoided home equity loans altogether.
But as of November 7, 2017, a new Texas state amendment (Proposition 2) passed that lowers this risk...
Read moreIs Real Estate Valuation Going Digital?
October 24, 2017
As the industry buzz continues on the rise of the "digital mortgage," we're exploring the likelihood that appraisal management and valuation is the next area of the loan process ripe for automation and digitization. A recent article in Scotsman Guide, written by Accurate...
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