Many times when people are working at correcting their financial status they focus their efforts in locating more money to pour over their personal finance issues. The solution for most is to get a part-time job now. However, I have not always been a fan of getting a part time job with but having [...]

The FTHB Credit of $8,000(and $6,500 for repeat homebuyers) will be expiring soon. Those wishing to utilize the tax credit need to enter into a home purchase contract by April 30, 2010 and fully close the loan by June 30, 2010. The homebuyer’s tax credit can be used to offset expenses for a [...]

Mortgages are loans made by banks and lenders that package these loans (securitize) and sell them on Wall Street in the form of bonds called mortgage backed securities (MBS). The money made from the sale of the MBS them goes back to the bank/lender so they can complete more loans. The mortgage payments [...]

The Obama administration and the US Treasury dept are vowing to pressure the mortgage industry to administer more loan modifications as permanently modified mortgages have not kept up with the number of troubled households owning homes. While 14% of homeowners with a mortgage are facing foreclosure, only about 2% of homes applying for modifications [...]

As New Year goals are formed, don’t forget your retirement. Most understand the importance of saving money for one’s future and many even hope to retire someday; however, very few of us ever take steps to actually achieving the ability and financial freedom to retire. The days of working at one company for [...]

A “new-again” trend is resurfacing within the real estate market. People are staying in their homes and remodeling. Sagging real estate values and lack of equity has ushered in the thought of “sweat equity*” and an extended time in a home as major factors to increasing a home’s value. The US Census Bureau [...]

If you are like millons of Americans you are seeing the glimmers of evidence that the economy is turning around. The three years the nation has suffered under the failing economy has tested the financial planning abilites of most households. However, as you face your future and decide upon financial directions to travel, [...]

Pending home sales have increased over the last nine months to a level not surpassed until before the 2006, before real estate market bubble burst. Pending home sales are homes on the market for sale and have a buyer willing and signing to purchase the home. Although the housing statistic is great news for [...]

With record high unemployment levels and Americans feeling the cash pinch of the recessive national economy, many households have allowed their retirement plans to lag behind. Extra cash that was previously used to pay into a retirement account is being used to make ends meet during tough economic times. Likewise many companies suspended [...]

As the number of Americans facing foreclosure of their homes, manycould be saved if only they understood the processs more. Here are some tips to protect your home.
1. Don’t ignore your mortgage problem – If you are unable to pay your mortage, dont hide from your lender. Call them and try to work [...]