Homebuying basics: What is a mortgage
Tuesday, March 15th, 2011There is often an assumption that everyone knows what a mortgage is. However, many first time homebuyers only have a very basic grasp of what a mortgage is and what role it plays in enabling them to buy a house. The objective of this article, therefore, is to provide a brief overview of what a [...]
1.5+ Million Non-Business Bankruptcy Filings in Fiscal 2010, 14% Increase
Sunday, March 13th, 2011CNNMoney reports Bankruptcy filings jump 14% in 2010 In the federal government’s fiscal year 2010, which ended September 30, more than 1.5 million non-business bankruptcy filings were processed, according to data released Monday by the Administrative Office of the U.S. Courts. That’s up more than 14% from fiscal 2009, when about 1.3 million personal bankruptcies [...]
Save Money By Paying More On Your Mortgage
Sunday, March 13th, 2011Buying a home is everyone’s dream, and it’s very common for people to take on 30-year loans to make that dream come true. Taking on 360 months worth of payments requires a large commitment, especially since most of the money you pay in the beginning is going toward interest.
Obama Adds to State Programs to Prevent more Foreclosures
Sunday, March 13th, 2011Obama Adds to State Programs to help prevent foreclosures Much Called the “most affected Fund, the aim being to help beaten the worst housing market through the states. Last week, the Obama today add $ 2 billion in funding for this campaign. You can see the list of states and how much each and every [...]
What You Must Know About Home Appraisals
Sunday, March 13th, 2011Understanding how appraisals work will help you achieve a quick and profitable refinance or sale. When you refinance or sell your home, the lender will insist that you get an appraisal–an opinion of the value of your home based on what similar homes in your area have sold for in recent months. Here are five tips [...]
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