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Anti-government protests are increasing in Egypt day by day. However, the outcome of the bloody demonstrations in Egypt remains unclear. In the meantime, the United States is condemning the violence and has urged Hosni Mubarak, the present President of Egypt, to step down.

Can Egypt's political situation affect the U.S. economy?

In order to trim down the debt of $3.8 trillion dollars, National Commission on Fiscal Responsibility and Reform is thinking of reducing income tax deduction for mortgage interest payments. The Commission is planning to eliminate second homes, mortgages of more than $500,000, and home-equity loans from receiving any kind of tax deductions.

If thus new rule is passed into law, it will affect the mortgage market in a negative way. Lets take a look:

In an attempt to reduce scams and frauds, the Federal Trade Commission (FTC) is making stricter rules for companies and attorneys who help borrowers to get loan modification or other foreclosure-rescue services.

The new rule…
The highlights of the new FTC rule are as follows:

The U.S. Department of Veteran Affairs has come up with special mortgage programs and refinance deals on Veterans Day. Any veteran can take help from VA mortgage programs more than once in his or her lifetime. Moreover, VA loans are charging low rates at present. It is available at an interest rate of around 4.25% - 4.50%. So, it's even worth a refinance as well.

The government also prefers giving out VA loans because it has the second-lowest default rate, second only to USDA farm loans.

Positives of VA mortgage:

While participating in the forum discussions, I find that a large number of people face financial dangers due to various decisions they take. However, women are more prone to these dangers.

Let's take a look as to why they are more prone to such dangers.

Due to the crisis in the real estate market, foreclosures have increased manifold. As a result, title insurance has suddenly become a hot topic, especially for the mortgage lenders. Whether you're buying a new property or a foreclosed property, the lenders will require title insurance to issue a mortgage. Due to the increase in foreclosures, the title insurance companies are re-examining if they should cover homes or how they should cover homes that have gone through foreclosure.

Let's take a look at what title insurance is all about.

Many of us try to avoid reading the paperwork which we receive when we purchase anything or go for insurance. However, it's not a good option to do so as we miss on the terms and conditions of the purchase. In the long run, the avoidance of reading the paperwork can lead to severe problems in our daily lives.

Here are 6 documents that you shouldn't sign without reading:

The holiday season is not far away. It's the middle of October and you must be thinking how you can save money for the upcoming holiday season so that you can shop well. Here are 5 ways which can help you save money:

1. Go for cheap and basic cable TV package: Many of use go for the premium cable TV package which can cost us around $80 extra every month. It's better to go for the cheap and basic cable TV package for the next two months which will help you save quite some dollars which you can invest in shopping and buying goodies for your near and dear ones.

With the constant increase in cost of living and unemployment rates, it has become quite difficult for people to maintain their lifestyle. However, if we can make certain changes in our daily life, it'll help us in saving quite a large sum of money. For example if we can make some small changes in our daily life to make our home more energy efficient, it'll in turn reduce the utility bills for years to come.

Here are 5 tips that can help you in reducing your utility bills:

We are always looking for guest writers who can provide financial articles for our MortgageFit Community. So, if you can provide us some unique articles on mortgage, credit or budgeting, we would love to publish them in our blog. However, we post only those articles that fulfill our requirements.

Guest post criteria for MortgageFit Community

We would love to publish articles in our blog provided they fulfill the following criteria: