Posted by Batool Shamim on May 19, 2011 ·
There are many things to consider before you sell your house and move elsewhere. It is not only the buying price of houses that matter. There are other costs that you have to take into account. Make the move only if you are still benefiting financially after weighing out all the options.
Posted by Batool Shamim on March 20, 2011 ·
The major benefits for home mortgage finance include the tax deduction allowed for interest cost of mortgage. The deductions are allowed subject to fulfillment of some conditions. The home equity is calculated by deducting mortgage amount from the fair market value (FMV) of home. Owners prefer use of equity for their other loans which carry higher interest costs due to admissible tax deductions.
Posted by Batool Shamim on September 14, 2010 ·
FHA loan is one which the FHA approves against you defaulting in the future. This means that if in the future at any time you are not able to pay back your remaining balance then the FHA will pay. Due to this reason, people are willing to take large amount of mortgage loans. After this a common question arises as to which individuals can get such a loan? Well, anybody is liable to apply for a FHA loan. There are various programs available for different kinds of needs starting from small amounts to large amounts of loan which would be decided after reviewing your case. Another thing required would of you would be a decent credit score.
Posted by R. Mak on August 8, 2009 ·
There have been reverse mortgages for nearly 20 years, but they have not been caught on so that much as they have been during the current financial crisis. Seniors are turning towards these loans to tap the equity in their homes and in order to generate…
