President Obama has been scrambling to pass a jobs bill that will, hopefully, tackle the unemployment problem and spur the American economy. But unemployment isn’t the only area of economic growth he is targeting. As part of his jobs speech, the President also discussed his desire to help Americans save money on their  mortgages and  … Read more

You may have heard about a government-insured mortgage program that allows homeowners over the age of 62 to borrow against their equity. The idea sounds good in theory, take out a loan against the equity  already acquired on the home and defer repayment. Reverse mortgage loans are gaining a lot of attention, mostly for the  … Read more

Over the years, Congress has approved many new tax deductions in efforts to help stimulate the economy and boost dismal national markets. One example is the mortgage interest tax deduction, which allows for homeowners to deduct a portion of what they paid in mortgage interest from their overall tax debts. Deductions like these can significantly  … Read more

Many hardworking Americans are faced with watching their financial situation plummet and the waves of debt rise. The past few years have been rough on home owners and many have been faced with tough decision to keep their homes out of foreclosure.  However, Americans aren’t the only ones in danger of drowning under their mortgages;  … Read more

If you are one of many Americans struggling to make ends meet and keep your house out of foreclosure, you may have considered a mortgage loan modification. Although these can be great tools to reduce your monthly payment while getting caught up on your debts, not all modifications are the same. Something Is Wrong When  … Read more

Homeowners under water on their mortgage have been scrambling to find the best financial relief option to help them stay out of foreclosure. A mortgage loan modification is one alternative that has provided many struggling homeowners with the help they need during tough times. However, as many have been fighting to stay out of bankruptcy  … Read more

Not all mortgage lenders are equal, and the same is true for applicants. The mortgage lending market can be competitive and setting yourself apart from other potential borrowers is a necessary component of the process. Fortunately, there are a few ways to stand out in a stack of applications and get the best deal when  … Read more

A popular trend among established homeowners is taking out a reverse mortgage loan on the equity built on their home. The funds can be used to renovate the home, pay bills or used for miscellaneous expenses. Since the homeowner is borrowing against their own equity, many lenders have been fairly lenient in lending. After the  … Read more

As the housing market stumbled, many homeowners got in over their heads in mortgage payments. Missed payments and pressures from a tough job market forced many hardworking homeowners into foreclosure. As a result, there has been an increase in the number of foreclosure scams and fraudulent mortgage modification programs popping up around the country. For  … Read more

Maybe you have seen that young couple pulling up in the driveway with a moving van after having purchased the house that has been for sale next door. It may be the couple that has finally decided to stop renting and take a chance at owning a home for their growing family. Whatever the life  … Read more