Things to Consider Before Buying a Foreclosed Home

September 21 2010 (Chris Moore)

There’s nothing new about the fact that there’s a lot of foreclosed homes on the market right now. In fact, an ever increasing number of homes on the market have been foreclosed and that number is expected to continue to rise for quite awhile. Although foreclosed homes often present a great opportunity for buyers, they also come with great risks and consequently are not always the best option. There are many things that buyers need to consider before they decide to make an offer on a foreclosed home.

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Fannie Mae Announces Mortgage Relief Program for Veteran Families

September 19 2010 (Jeff Alan)

Mortgage giant Fannie Mae announced that it was creating a program to provide mortgage relief for the families of the members of our Armed Forces. The program will suspend mortgage payments for up to six months in cases where the death or injury of a service member created a financial hardship. Fannie Mae also plans to suspend credit reporting during that span to help curb negative impacts on a borrower’s credit profile.

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Things You Can Do to Improve Your Credit Score

September 18 2010 (Chris Moore)

Even in these hard times there are still many people contemplating the purchase of a new home. Many economists believe that the worse is behind us and confidence is gaining, if you work for a profitable company with good stability, now would be a great time to consider purchasing a new home. Prices are the lowest they’ve been in years and as everyone knows…interest rates are at 50 year lows.

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New Bank Fees: How to Fight Back

September 17 2010 (Jeff Alan)

With the passing of the Finance Reform Bill and the banning of a variety of fees – including certain overdraft and excessive late charges, banks and credit card companies are increasing existing fees and creatively finding ways to charge existing customers more for their services.

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