Tagged : refinance 
There are currently 7 blog entries matching this tag.
Turn the Christmas Spending Blues to Green
Sunday, December 26th, 2010 at 3:26pm. 2497 Views, 0 Comments.
After we’ve dashed through the malls and stretched our wallets in the name of gift-giving merriment, a little post-holiday financial restraint is usually in order. If you have a little cash left over, though, or have a home improvement fund to tap into, now can be a great time to make an investment in your home - and save money in the process. Deals are plentiful this time of year, but for most you’ll have to move quickly to take advantage of them.
Think Energy Efficiency
The much-hyped federal energy tax credits - which offer a 30% credit on energy-efficiency home improvements up to $1500 - are coming to an end December 31. While it might be a little late to try and get a new HVAC unit installed by year-end, there are other projects which you might be…
Make Your Own Income Property
Saturday, September 11th, 2010 at 6:55am. 1402 Views, 2 Comments.
As the economy has struggled these past few years Americans are finding more and more ways to save money and maximize their investments. Going out to dinner is increasingly rare, grocery shoppers are armed with fistfuls of coupons, and window shopping is quickly replacing baseball as America’s favorite pastime. Mortgage payments are another expenditure many Americans are looking to either reduce or eliminate altogether. When refinancing is not an option and selling your home is out of the question, many Americans have taken on a title they once found distasteful: landlord.
Turning Your Home into a Rental Property
Renting out a portion of your home such as a finished basement is becoming a more popular trend for many homeowners nationwide. While the market…
FHA Loans Changes, The Glass is Half Empty and Full for Prospective Homebuyers
Saturday, August 14th, 2010 at 2:13am. 806 Views, 4 Comments.
FHA loans have been a saving grace for many prospective homebuyers. Lowered rates and affordable upfront costs have made it easier for those first joining the market to guarantee a loan that will leave them money after the mortgage each month. However, as of October 4th changes are coming to the premiums on FHA loans. And these changes are not so cut and dry.
The housing market has taken a hit these past few years, and the insurance fund issuing FHA mortgages has taken a hit as well. Since FHA officials are not legally allowed to raise rates, Congress recently granted them more leeway with premiums. In short, premiums will be adjusted after October 4th, but depending on the plans you have for your home’s future, now may or may not be the time to buy.
As the…
Cutting Your Home Mortgage Loans Cost: Remember your old friends and don’t be afraid to ask
Tuesday, August 10th, 2010 at 6:14pm. 874 Views, 1 Comments.
Closing costs can take the cheap right out of financing a home. If you have ever shopped around for home mortgage loans, this should come as no surprise to you. Comparing and contrasting what one lender has to offer from the next may just be the most difficult compare/contrast homework assignment you will ever face.
Until the U.S. Department of Housing and Urban Development (HUD) works out a plan that will regulate and simplify the mortgage process, it’s time for you to strategize and make the best of a somewhat sticky situation. In the meantime, it helps to hold on to the hope that HUD may eventually save you as much as $1,000 off a typical mortgage transaction.
Remember your previous lender….
Looking to refinance? The number one call you should make it to…
Staying Afloat Underwater
Friday, July 16th, 2010 at 12:59pm. 552 Views, 0 Comments.
During the largest housing crisis in recent history many American homeowners have succumb to massive debt. When times are tough it may certainly feel appealing to turn and simply walk away, and forget the stresses of home ownership. Strategic defaults on mortgage loans have become an all too common occurrence in the past three years. However turning your back on a mortgage can haunt a homeowner for years to come, this “solution” may not provide the relief financially stressed homeowners need. In some rare cases walking away is all a homeowner can do, but there are various forms of relief all homeowners should exhaust before throwing in the towel. Homeowners can salvage their credit by attempting these measures, and the market will fair better with less…
Has Obama's Home Modification Program Lived Up to its Promise?
Saturday, July 10th, 2010 at 2:20am. 649 Views, 3 Comments.
In March 2009, shortly after President Obama took office, an ambitious $75 billion federal program (Home Affordable Modification Program, or HAMP) was launched promising to help modify the mortgages of up to 4 million Americans who were struggling with their payments or facing foreclosure. The reality of the program has fallen far short.
Modification involves a lender actually changing the terms of a homeowner’s mortgage, often when borrowers would not qualify or could not afford refinancing. This is generally accomplished through some combination of lowering the interest rate, extending the length of the loan or - in a new addition to the federal program - reducing the amount of principal owed. By encouraging banks to modify more loans, the federal…
Top 3 Loan Modification Misconceptions
Monday, June 7th, 2010 at 4:09pm. 5332 Views, 24 Comments.
In its heyday the internet turned a great many novices into do it your self experts. Now, not everyone can manage this, and many who attempt to do so get burnt. This is because a great deal of the information floating around on the internet is not really put up by experts on the subject. Over enthusiastic bloggers, ill-informed journalists and penny a word article writers have flooded the cyber world with an incredible amount of data. A lot of the data is misleading or inaccurate – and at best not very helpful.
This is particularly true with the issue of loan modification. The ongoing economic crisis, with its record numbers of loan defaults and looming house loan foreclosures, has made this a subject dear to many hearts. Many defaulters anxious for a…
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