For the first time in 17 years, the US government sector has come to an impasse over the discord between the Democrats and the Republicans on the health-care law, dubbed as the Obamacare.
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If you are facing trouble in continuing with making mortgage payments and looking for better mortgage terms and conditions, then one option available before you is to opt for mortgage refinancing.
Arguments in support of government-backed HECM program
Submitted by admin on Thu, 10/03/2013 - 21:32
If you are a senior citizen with considerable home equity and currently live in the home, then you can take part in the Home Equity Conversion Mortgage (HECM) offered by the Federal Housing Administration (FHA).
Federal Government shutdown – What will be the impact?
Submitted by admin on Tue, 10/01/2013 - 23:15
The White House has ordered all the government agencies to start shutting down as the Congress failed to find a compromise on government spending bill.
Before taking out a mortgage loan, you should have good knowledge about the pricing of the mortgage product. If you know how a mortgage loan is priced, you won't be surprised by any hidden costs inherent in it.
Building a home: Can contract labor costs be tax deductible?
Submitted by admin on Tue, 09/24/2013 - 23:20
While building a new home, many people have a common query whether or not the contract labor costs are tax deductible. However, it should be noted here that you will not be able to deduct payments that you make to the contractor for the labor costs.
In today's market it's really tough to obtain a mortgage loan. Mortgage rates have gone up, mortgage standards have been made more stringent, making it incredibly tough to obtain a mortgage loan.
There are several laws protecting the rights of the consumers. One such provision is the mortgage rescission rights. This has been put forth in the Truth in Lending Act (TILA).
If you are a home buyer and purchasing a home in a buyer's market, then you are very lucky. Here, you have the chance to grab a low-ball offer.
Planning to take out a FHA backed reverse mortgage? Well, the pipeline has just got narrower. Starting from January 2014, the reverse mortgage borrowers will have to qualify under the new financial assessment.