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How to Recover From a Home Foreclosure

How to Recover From a Home Foreclosure

Have you lost a home in foreclosure and assume your options for homeownership are over? Don’t lose heart. It’s not as bad as you think and if you take the right steps, you may get out of the mess sooner than you think.Compare Offers from Several Mortgage Lenders.BUILD...

The Homeownership Benefits of Tax Refunds

The Homeownership Benefits of Tax Refunds

At the end of every financial year, a taxpayer is entitled to a tax refund if the amount of withholding and estimated taxes he or she paid exceeds the actual amount that he or she owes. This year, the IRS issued around $13 billion worth of tax refunds, spread to...

Purchase Mortgage Battle: 30-Year FRM vs 5/1 ARM

Purchase Mortgage Battle: 30-Year FRM vs 5/1 ARM

Both the 30-year fixed-rate mortgage and 5/1 adjustable-rate mortgage are payable in 30 years. That’s their only common ground; both loans are structured differently because of their interest rate type. Surely, the 30-year FRM has its strengths (and weaknesses) as...

Getting to Know HUD’s Special Homebuying Programs

Getting to Know HUD’s Special Homebuying Programs

The Housing and Urban Development offers FHA loans at low down payments and less stringent credit requirements. Aside from FHA loans, the HUD offers an array of special homebuying programs dedicated to certain segments of society. By strengthening and...

How to Buy a Pre-Foreclosure Home

How to Buy a Pre-Foreclosure Home

If you are looking for a deal on a home, one of the best ways to get one is by buying a pre-foreclosure home. Typically, you’ll see pre-foreclosures homes listed as a ‘short sale.’ In other words, lenders are willing to take a smaller amount that the owner owes and...