The Home Affordable Modification Program (HAMP) allows homeowners to modify their home loan, as long as they could document a hardship. Now that requirement is going away. Will it lead to more strategic defaults?
Over the years Zillow.com has become an essential tool for home buyers and sellers. Here’s why.
The American Taxpayer Relief Act of 2012 extended some popular tax deductions, credits and other breaks for homeowners through 2013. Here are the details of the extended tax breaks.
The process of finding a new place to call home, and selling your existing house at the same time can be extremely time consuming and emotionally draining, but potentially rewarding.
Making your first home a duplex (or other small multifamily property) can be extremely advantageous for you and your financial future. Here’s why.
Have you refinanced your mortgage in the past year or so? If not, you may want to get started now, and here’s why…
How much house can you afford if you want to keep yourself in a sound financial position? How much should you spend if you also want to build wealth?
When you add it all up, selling a home can cost thousands of dollars in commissions, fees, taxes and other costs. Here’s what costs to expect when selling your house.
The economy is still in the doldrums, but one of the side effects has been that the rates on home mortgages are at their lowest levels ever. Last week 30 year fixed mortgages reached historic lows when they breached an average of 3.53%. Not only that, but 15 year fixed mortgages averaged only 2.83%! From […]
When buying a new home it is important to monitor your credit situation as credit scores from FICO or other agencies can have a big impact on what mortgage rate you receive.
The government just announced a settlement with 5 major banks that will mean some homeowners will now be eligible to receive reductions in principal, a refinance or compensation.
Trying to find a new house when your current house is underwater presents a big challenge. Here are some options of what you can do when you end up in that situation.
When you have mortgage debt forgiven due to a short sale or foreclosure, will you be liable to pay for the forgiven amount when it comes to tax time?
A lot of people are finding themselves underwater in their homes and are considering a short sale to unload their home. But should they?