Last month after reading up on the Obama Administration’s new “Making Home Affordable” refinance program, I decided to look into it for our household. We’re sitting on a 6.5% 30 year fixed rate mortgage right now, and we’d like very much to be able to refinance that loan into a lower APR. With rates this […]
New Details About Making Home Affordable Program And Second Mortgage Modifications
After realizing that even a modification on a first mortgage won’t help some people if their second mortgage is still too high, the government expanded the Making Home Affordable loan modification program last week. The program was updated to cover second mortgages and liens. I know this was something that a lot of people had […]
Making Home Affordable Loan Modification Program Frequently Asked Questions – FAQ
People Are Hoping To Avoid Foreclosure Through Loan Modification This post series started a few days ago with a look at the “Making Home Affordable” program that the Obama administration passed earlier this year. In that post I gave an overview of the program, what it is designed to do, and who will qualify for […]
Making Home Affordable Refinance Program Frequently Asked Questions – FAQ
Lots Of People Looking To Refinance A couple of days ago I did a pretty long post talking about the new “Making Home Affordable” program that the Obama administration passed earlier this year. In that post I gave a 10,000 foot view of the plan, what it is designed to do, and who will qualify […]
Government Making Home Affordable Refinance And Loan Modification Program: Do I Qualify?
The last few days I’ve been hearing an awful lot about the Government’s new “Making Home Affordable” program, which has been set up to help people refinance existing mortgages, or do a loan modification to help them to stay in their house. The government’s website explains what the program is meant to do: Making Home […]
Pay Off Your Home Mortgage Early! Pros And Cons Of Having A Paid For House
After having gone through several financial planning books and a financial planning class, one thing we’ve been considering doing for a while now is paying off our home early. There are a lot of pros and cons to paying off your home mortgage early, and today I thought we could examine what some of them are. […]
First Time Homebuyer Tax Credit of $8,000 in 2009 Economic Stimulus Package
Stimulus Package Good For First Time Homebuyers The 2009 Economic Stimulus Package passed and was signed into law earlier this week. On Wednesday I posted about what parts of the stimulus bill will affect individuals, and what benefits you can receive from the stimulus package. Today I thought I’d take a closer look at one […]
Home Maintenance Tips: Spring Projects
Spring is here (or almost here in our case), and its a good time to do a few things around the house to make sure that you’re not paying for costly repairs down the road. According to Home-smart.org, here are a few preventative maintenance tasks you can do this month to make sure your house […]
Why Can’t I Sell My House?
Last summer my wife and I decided that we wanted to move after some careful thought and prayer. The place we were living was nice, but there was some development going on in the area we weren’t happy with (a new road going through behind our house), and we wanted to get out before it […]
