mortgages

5 Things You Need to Know About Credit Scores

Over the past few years, consumers have been increasingly aware of the importance of a credit score. It is a good idea to learn as much you can about this important number.

Things You Should Know About HAFA: The Home Affordable Foreclosure Alternatives Program

On April 5, 2010 a new program called the Home Affordable Foreclosure Alternatives, or HAFA, will further expand the foreclosure prevention efforts of the Obama administration. Thi

How to Prepare for a Home Purchase in 2010

The housing and mortgage industries took a giant leap backwards last year. Read about what you need to do if you are finally ready to buy the home you've been looking for.

Why the Affordable Home Really Isn't

I've taken a look at home affordability calculators that are available from many reputable sites offering personal finance advice. "Affordability" is based on bank lending guidelin

Will Obama's new mortgage plan really reward responsibility?

Today President Obama announced a new $75 billion Homeowner Affordability and Stability Plan to the world. It is touted as a plan that helps responsible homeowners who have not

6 Options if You're Underwater on Your Mortgage

Here are six options for people who are underwater on their mortgages.

Will 4.5% mortgage rates jumpstart the housing market?

It seems like everyday the folks in Washington are rolling out a new plan to fix our economy. The Federal Reserve is running out of room to cut their federal funds rate, so now th

Borrowing to Invest: Helpful or Hurtful?

Can debt possibly be a good thing? Sometimes yes, sometimes no. But carrying debt that enables you to earn money is a concept called Leveraging, and can be v

Front-loaded loans: a financial conspiracy?

A tip from Eric Fedewa sparked a discussion between Wise Bread bloggers (Andrea Dickson and me). He brought a new financial term (front-loading) to our attention that indicates how

What's Faster for Mortgage Payoff: $100/Month Extra or 1 Payment/Year Extra?

Is it better to pay $100 per month extra on your mortgage or make an extra payment at the end of each year? It depends on your loan balance and interest rate.

Must Watch Video for New Real Estate Investors

Casey Serin thought he had the real estate market under his thumb — he couldn't have been more wrong.