Sep 19th 2011 12:55PM
As the obstacles to owning a home become more pronounced in the wake of the housing bust, how much money should homebuyers set aside for a down payment? Unsurprisingly, cash is still king in today's market, especially as mortgage lenders raise the bar for credit worthiness. That said, down payment options range from zero... Continue Reading »
Jul 13th 2011 2:52PM
While paying down the mortgage is undoubtedly one of the largest financial burdens many Americans have to contend with, it's certainly not the only long-term investment homeowners need to consider. This is particularly true for homeowners nearing their 60s, for whom financial investments made today can have a lasting... Continue Reading »
Jul 8th 2011 2:11PM
Loan servicers collecting payments on FHA-backed loans must allow qualified borrowers who lose their jobs to miss up to a year of mortgage payments before starting foreclosure proceedings against them, the Obama administration announced Thursday. The FHA's current three to four months of required unemployment forbearance... Continue Reading »
Apr 7th 2011 5:56PM
Want help paying your mortgage, and don't care what your neighbors think? Mobile advertising agency Adzookie wants to turn your house into a billboard advertising its services. In exchange, the company will pay your mortgage for as long as the custom paint job remains in place, for up to a year. Since the program was... Continue Reading »
Jan 18th 2011 4:33PM
An elderly woman is suing two banks and a law firm that tried to foreclose on her Deptford, N.J., home after she missed making her final mortgage payment of $432 when she was in the hospital, reported the Associated Press. The tragedy possibly could have been avoided had she taken some precautions, say experts who spoke to... Continue Reading »
