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This is a guest post from Adam Gibson, author of Accrued Interest, a popular financial world blog. Check out Accrued Interest for the latest on the bond market, treasuries, mortgages and other financial news. With World War II still raging, the U.S. government created a unique home lending program to help spur home ownership among […]
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The below article has been written by Samantha Baralena of MortgageFit Community. This article describes the basis of calculating mortgage. Mortgage is calculated as a range in between favorable and competitive interest rates. Ideally a borrower should shop around various mortgage lenders in order to avail a mortgage solution which aligns to his or her […]
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A couple weeks ago, I wrote about the upcoming FHA loan insurer increase. While the premiums have increased, an FHA insured loan is still a good option for home buyers. However, if you qualify, there is a better option. The VA loan is a mortgage loan backed by the U.S. Department of Veteran Affairs. The […]
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A couple days ago, I wrote about the quickly approaching expiration of the Homebuyer’s tax credit. If you were already looking to buy, it’s a great incentive. However, there is bad news on the horizon for the approximately 30% of buyers that will receive FHA-insured mortgages. The costs of an FHA loan are slated to […]
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As I’m sure most of you are aware, the 2009 First time Homebuyer’s Tax Credit was extended to April 30, 2010 and current home owners may be eligible. The Worker, Homeownership, and Business Assistance Act of 2009 extends the tax credit through June of 2010, but you must sign a commitment contract by April 30th. […]
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