You don’t even have to be a fan of old homes. You needn’t even be on the lookout for buying residential real estate. The appeal of fixer upper homes has transcended such limited niches in the past few years. They owe their popularity to runaway reality TV shows like HGTV’s Fixer-Upper with Chip and Joanna […]
Tools & Resources
The Naked Truth about the Short Sale Process
Is the short sale process really more advantageous for the seller, or is foreclosing the safest route to take? What criteria should a homeowner meet, in order to qualify for a short sale? How do short sales really match up to foreclosures?—and, after all is said and done, why should you, as an owner, care […]
Is It a Good Idea to Pay Mortgage with Credit Card?
You’ve got a mortgage and a credit card—join the club. That makes you very similar to roughly two thirds of the wage earning American population. Now, if you’re a member of that extended category, you’ve probably already asked yourself a common question: ‘can I pay my mortgage with a credit card?’ The short answer is […]
The 2 Main Options for Selling your House When You Can’t Make Mortgage Payments
It’s unpleasant and potentially dramatic, yet the recession and its aftermath saw quite a lot of it: borrowers failing to meet mortgage payments and being forced into a foreclosure. When a property is foreclosed, the lender takes over ownership of it and the borrower gets evicted. The alternative is a short sale, which also takes […]
The Lowdown on CFPB Mortgage Rules and Reforms Applied to Them
The Consumer Financial Protection Bureau (CFPB, in brief), watches over just about all the segments of the US economy, in order to make sure that the consumers’ best interests are protected in all areas related to financial services and involving transactions. The mortgage servicing industry is no exception, as proven by the existence of CFPB […]
How to Find and Use a Mortgage Payment Calculator
When you’re trying to finally buy a new home for yourself or your whole family, or when you’re simply tight on cash for any reason and you need to place a second mortgage on your home, one of the most common issues is determining a correct rate to expect. The hassles and difficulties of properly […]
Is Now a Good Time to Refinance Your Student Loan?
A simple question: is now a good time to refinance student loans? The answer is a resolute yes. The student debt crisis in the U.S. is so serious that even Congress took note of it and tried to make amends by passing a relevant bill. Best known as REFI (Refinancing Education Funding to Invest) for […]
What to Expect from First-Time Home Buyer Tax Credit Programs in 2015
If you’re interested in first time home buyer tax credit, 2015 is definitely an interesting year to be experiencing. That’s because this year, the bulk of first-time home buyer programs will be state and locally funded. This year’s 1st time home buyer should know better than to expect federal funding. However, if you plan on […]