With the effects of credit crunch and recession still remaining and several homeowners losing their homes in foreclosures, there seems to be a ray of hope for those who’re struggling with their mortgage payments. If you’re behind on your payments...

The tax credit available to first time buyers have been extended for the next 6 months. This time it’s not just meant for first time buyers; that’s because homeowners who’re looking to buy a new home again can qualify to receive the tax benefit....

Hi all, Here’s a brief outline of the top 3 mortgage news this week. 1. FHA has come up with new condo rules The FHA has set 4 rules for condo mortgages. These rules will come into effect from 2nd November, 2009. As per the new rules, insuring a...

The financial meltdown (2007-2009) has indeed taught us a few things that perhaps we never wanted to learn. So far, we’ve believed that “Home prices never go down”, “Our 401k Plan is one thing we can depend upon at retirement”, “Buying a house is a...