In 2012, there were various developments in the mortgage industry which had some positive and negative impacts on the common people. Let’s take a look at the highlights of mortgage industry in the year which is about to pass off:
Blogs
8 Year-end tips which will help you lower your tax bills
Submitted by admin on Tue, 12/25/2012 - 02:18
The recent discussions on fiscal cliff have affected the 2013 financial planning for many of us. But there are some tried and tested moves which will help you lower your 2012 tax bills which will be due in April, 2013.
What questions can a mortgage lender ask his borrowers?
Submitted by admin on Fri, 12/21/2012 - 00:29
As a prospective borrower when you visit a lender, you are expected to answer certain queries. Mortgage applicants are expected to prove their income, verify their employment, show tax returns, etc.
5 Holiday gift ideas for kids which will last them year long
Submitted by admin on Mon, 12/17/2012 - 23:21
With the holidays and the festive season knocking at the door, there is a gift buying spree amongst all of us. But, most of us will agree to one fact that it is quite difficult to buy gifts for the kids.
4 serious disturbing trends in the reverse mortgage market
Submitted by admin on Sun, 12/16/2012 - 23:36
If you’re a senior citizen and own a house as the primary residence, then one good option available before you is a reverse mortgage loan.
Holiday lighting - Tips to save money on your power bill
Submitted by admin on Wed, 12/12/2012 - 03:15
The festive season has arrived. Christmas does not only mean shopping and good food but it also denotes a time to decorate and light up your home and show the festive spirit.
Sometimes, it becomes very tough for many of you to repay the mortgages. Repeated non payments ultimately lead many of you to fall into underwater. Remaining in underwater means that the amount of money that you owe on your mortgages is more than the value of your home.
Mortgage relief tax break - Congress is urged to save it
Submitted by admin on Tue, 12/04/2012 - 23:13
The Mortgage Debt Relief Act of 2007 is going to end this year. Till now, it has enabled borrowers to avoid paying the income taxes on the forgiven principal amount.
One important question that might have come to the mind of many of you is whether it is better to buy or rent a house. Both buying and renting a house have certain benefits and drawbacks.
If you have built up substantial equity in your home, then you can use your home equity to take a second mortgage loan. Your equity is the difference between the current market value of the house and the amount of the loan that you still owe to your lender.