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FHA Loan Requirements
FHA loan requirements have been relaxed as part of the Federal government's Housing and Economic Recovery Act, 2008. The purpose of the act is to provide some relief for home owners affected by the housing...
9 commentsMilitary Retirement Pay - Making Sense Of The Rules
There is nothing more confusing than military retirement pay - except possibly corporate tax deductions. And maybe working out how to split the restaurant bill after several bottles of wine ... Things used to be simple when it came to retirement pay - you put in 20 years, and you got 50 percent of your base pay immediately upon retirement.
1 commentHow Much Can I Borrow? Mortgage Calculation Made Easy
"How much can I borrow?" Mortgage payments are a huge part of our regular financial commitments, and most lenders have strict limits on measures such as the percentage of your income that you can spend making your mortgage repayments, the size of your downpayment, and the amount of other debt you are carrying.
1 commentBest New Personal Finance Blogs 2008
Whether it's mortgages, interest rates, foreclosures, and refinancing, or it's credit cards, debt consolidation and credit repair, financial issues impact every one of us in different ways throughout our lives. Schools don't teach this stuff, and it can be pretty difficult to pick it up as adults, too. Blogs can help to fill the gap, because a blog post is a neat, contained piece of information about one specific topic - sort of "bite-sized" financial education, as it were.
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