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How much can I borrow? Mortgage calculation by David D. Muir.66

How 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 comment    advice finance money
FHA loans for people with bad credit make home ownership a possibility. Photo:seier+seier+seier64

FHA Loans For People With Bad Credit

FHA loans for people with bad credit are actually reasonably accessible. It's true that you need to meet some FHA loan requirements in order to qualify for an FHA loan, but those FHA loan requirements do not include having an unblemished credit record.

1 comment    finance money income
The HUD FHA insurance fund helps ordinary Americans buy homes. Photo: pnwra61

The HUD FHA Insurance Fund

The HUD FHA insurance fund was established during the Great Depression, when rates of foreclosure and default rose sharply. The purpose of the fund was to protect lower income Americans from being squeezed out of the home ownership market. These days, we need it more than ever!

1 comment    finance home money
The FHA 203k program will allow you to refinance, extending your mortgage to pay for renovations.68

The FHA 203k Program

The FHA 203k program was designed to address the Catch-22 that exists for buyers who need to "fix up" or renovate their property in order to make it livable.Traditionally, lenders will only advance funds...

2 comments    finance home mortgage
FHA loans help low income earners own a home.62

FHA Loans

FHA loans help millions of Americans to own their own homes. FHA loana are federal assistance mortgage loans in the United States, insured by the Federal Housing Administration. FHA loans may be issued by any federally qualified lender. The beauty of FHA loans is that they have more lenient lending requirements than conventional mortgages. Lenders are nervous about certain borrowers, because they appear to have a higher risk of default. FHA loans are insured, which reduces the lender's risk and

1 comment    finance home mortgage
FHA 203k loans allow you to borrow renovation costs as well as purchase costs.63

FHA 203k Loans

FHA 203k loans solve a major problem for homebuyers. When your new dream home is a fixer-upper, getting a mortgage can be tough. Your bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done until the purchase house has been settled. FHA 203k loans were designed to address the Catch-22 that exists for buyers who need to "fix up" or renovate their property in order to make it livable. How do you pay the mortgage, pay for renovations, and pay rent,

0 comments    finance home real estate
A Blog About Personal Finance47

Best 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.

12 comments    advice finance money
New FHA loan requirements may save thousands from foreclosure.83

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 comments    advice finance credit
69

Steps To Refinancing A Mortgage

The steps to refinancing a mortgage are simple, but skipping the first step can cause problems. The first, most important of the steps to refinancing a mortgage is to decide what your main objective is for doing the refinancing.

0 comments    advice how to finance
Refinancing a vehicle with high mileage is not a walk in the park, but it can be done.84

High Mileage Auto Refinancing

Refinancing a vehicle with high mileage is not a walk in the park, but it can be done. High mileage auto refinancing is a painful area. If you have done a Google search recently for "high mileage auto...

8 comments    finance automotive car
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