From the category archives:

Mortgage

Is a Bad Inspection Cause for Losing a Home? – Financial Considerations

Having an offer accepted on a home is cause for celebration. Unfortunately, even if a seller accepts your offer, it does not mean you’re in the clear. You are still 30 to 60 days away from closing, with plenty of potential for slip-ups along the way. One of the most nerve wracking points during this [...]

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6 Tips For How to Sell Your House By Owner Fast, Even in a Bad Market

Some evidence is beginning to trickle in of a rebound in housing. How much of an improvement depends largely on where you live, though it seems that most markets continue to be sluggish. It’s still a tough time to sell a house! So if you need to sell your home, either to move to another [...]

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How to Pay Off Your Mortgage Early – And Why It’s a Priority

The habit of homeowners in recent years has been to keep their homes in a perpetual state of debt. There are after all, tax advantages to mortgage debt that lesser forms of debt don’t share. And houses have been—until recently at least—appreciating assets that will wipe out debt in an eventual sale. Not to worry [...]

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Why a House or Mortgage Payment Should NEVER Own You

I’m a strong proponent of buying beneath your means when buying a home, but never more so than right now. A few days ago we were hit with the stunning news that existing housing sales plunged 27% in July, a huge hit to a market that’s been reeling from weakness for the past three years. [...]

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When Your House Payment is Killing You Should You Walk Away?

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Almost lost in the news about an improving economy is the reality that the foreclosure crisis is continuing to grow. Foreclosures, which reached 2.8 million homes in 2009, are expected to top 3 million for 2010. One of the most debilitating aspects of foreclosure is that it’s cumulative in nature: you might be losing your [...]

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Is a 15 Year Mortgage Financial Suicide?

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This post is from a new FiscalGeek staff writer: Kevin Mercadante. I’m very excited to have him contributing to the site. You can find out more about him at his own blog OutOfYourRut.com. Last week on Fiscal Geek we asked the question, Is There Such a Thing as “Good Debt?” and advanced the idea that [...]

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The Freddie Mac Relief Refinance Mortgage a Journey to Lower Payments

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If you’ve been around FiscalGeek for a while you may remember back to a post I wrote in the early days on the Making Home Affordable program and my pending refinance. Well things went horribly trying to utilize the program and I eventually abandoned the whole process and vowed to stop doing business with Wells [...]

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Refinance Your Home Even if it’s Underwater with the Making Home Affordable Program

If your home value has decreased and you don’t think you can refinance you still may be able to refinance at today’s mortgage rates. The Making Home Affordable program from the US Federal Government is designed to help homeowners who may have Adjustable Rate Mortgages that are adjusting or have loans with higher interest rates who may not qualify for conventional loans due to their home value versus their mortgage balance

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