How to Get Cheap Home Loans with a Bad Credit
Its been years since you made any major improvements to your home and its about time. Your spouse and children are also urging you to give the house a facelift. So, what do you do? Dip into your savings? Great! But thats only if youve enough stashed away in there. Go in for a regular loan? But you ... more...

Interest Only Home Mortgage Loans - Good Or Bad Idea?
Is an interest only home mortgage loan a good or bad idea for financing a home? These loans have become very popular and are one of the many different kinds of financing available for property.Opinions vary as to whether an interest only home mortgage loan is a good idea for the average home owner ... more...

Mortgages 101
Finding the perfect mortgage is like finding your dream home; it takes lots of work. You may find that you have a few questions about mortgages. Buying a home can be a very stressful time, but through a little education, you can understand every step of the process in securing your financing.Dont ... more...

Alternative Options For Rising Interest Rates
As interest rates have risen in the last six weeks from record lows, homeowners are once again face with finding viable options to reduce the amount of interest paid on their home loans. The rush to refinance provided borrowers with good to excellent credit the opportunity to take advantage of low ... more...

Loan Officer Marketing Why Realtors Dont Read Your Brochures
When you place brochures from every mortgage company side by side, you cant help but notice the similarities. Each piece mentions that they have every possible loan program available, proven & experienced professionals, fast & friendly service, a list of documents needed to process the loan, a ... more...

How and Why To Pay Down Your Mortgage
Lets say, for example, you add $100 to your normal monthly mortgage payment. This makes your loan balance at the end of the month $100 less than it would have been without the extra payment. In the months that follow, you save the interest on that $100 that you otherwise would have paid.Since the ... more...

Understanding Reverse Mortgage Fears
It is estimated there is a target population of some 8.8 million senior households that both qualify for and are good potential candidates for HUD's home equity conversion mortgage (HECM) program. (Under an HECM loan, a lender advances money to a elderly homeowner, in the form of a series of fixed ... more...

Taxation of Forgiven Debt: The 1099C & You
Often people fall on hard times and stop paying on credit cards. After a while the account may go to an outside debt collector who might offer a settlement of the debt for 30-40% of theoriginal sum. Once this is paid, the debtor often thinks the matter is closed, but it is not! It is very likely ... more...

8 Tips for Keeping More of Your Hard Earned Money
Masters degree not required...just a little common sense, a $5.00 calculator and a realistic plan is all youll need.Theres got to be a better way resonates with many of us, when contemplating how frustrated weve become with our investment decisions. Too many Canadians are spending far too much on ... more...