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Self-employment can be a viable option for all those who have lost their jobs due to the recent economic crisis. The best part of being self employed is that you will be your own boss and you will be able to take your own decisions. However, there are certain dis-advantages of being self employed. Self-employment becomes a huge problem when you apply for a mortgage.

What are the main problems faced by self employed while getting a loan?
The 2 main problems faced by the self-employed people while getting qualified for a mortgage are:

A rebate credit card or a cash back credit card can be considered as a type of rewards card. However, it is a bit different from any other types of reward cards. In case of reward credit cards, your payments to the card issuer is refunded in kind. In case of other reward cards, the consumer will be rewarded through specific merchandise, points, miles, gift certificates, etc.

While choosing between a rebate credit card and a rewards credit card, here are few things which you should keep in mind:

The housing market as well as mortgage lending rules have gone through lot of changes in the recent times. Though certain traditional mortgage advice will still remain the same, buyers have to be savvy enough when they want to buy a property and take out a mortgage for the first time.

Here are 4 tips which might be of great help to first time buyers when they plan to buy a property:

A large number of people are planning to shift abroad due to slow-moving job market. There are different countries which offer good lifestyle and better job market compared to one's own country and thus there is no harm in moving abroad. However, before leaving the home country, it's better to take a stock of the financial implications that it will bring.

Here are 5 financial tips which you can take into consideration before you plan to live abroad:

Selling a house can be a gruelling task in the present market. Things can be more difficult for first-time sellers who have never been through the process before. They should keep few things in mind when they are planning to sell off their property.

Here are 5 tips which may help first time home sellers to sell off their property easily:

As per a recent survey by Trulia Inc. and RealtyTrac Inc., the real estate/housing market won't recover until 2014. The survey took place in the month of April and the respondents were the homeowners and renters based at different states.

In a recent development, some of the top US mortgage servicers, including JP Morgan and Bank of America, have decided to pay $5 billion so that they can settle the ongoing foreclosure probe by the state and the federal government against them.

Florida launched a billion-dollar mortgage bailout program during mid-April, 2011. It was the last state slated to get the Hardest Hit Funds. This bail-out program is mainly aimed for the unemployed homeowners. It is solely based on the hope that those who get this help will find jobs within the next six months.

Credit card debts can create havoc in our lives and may ultimately lead to bankruptcy filing. In order to avoid such a situation, balance transfer method can be very effective. In this process, the balance amount in all the credit cards are transferred to a card which has a low interest rate. However, there are certain things that you should remember about balance transfers. Let's take a look at them:

Home equity is the difference between the property value and what you owe on your mortgage. For example, if your property value is $2,50,000 and your mortgage balance is $1,50,000, then it means that you've a equity of $1,00,000 in your property. As you pay off the mortgage every month, your home equity will get increased.