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FHA 203k Mortgage-The Quarterback (QB)- Part 1

May 22, 2011

Peyton Manning? Are you serious? Yep – I am. I am personally a Philadelphia Eagles fan, but for the purposes of this blog and what I am going to be showing you during my next few blogs I need you to understand my point. Peyton Manning is the true general on the football field.  There […]

How Many Credit Cards Should You Have if You Want to Raise Your Credit Score?

May 19, 2011

  At we enjoy helping people understand credit cards, and we frequently get great questions from our readers. Here’s a really smart question written by someone who wants to raise their credit score in order to get a car loan: I’ve never really paid much attention to my credit score, because I only have […]

Protect yourself from being a Victim of an Unethical Contractor

May 17, 2011

We have all heard the horror stories of people taken advantage of by contractors. There are steps that you can take to make sure that you do not become another victim of a unethical contractor. You can look to your state and local government for regulating contractors that operate within their jurisdiction. As with any law, […]

What to consider before your next home improvement project

May 10, 2011

A major thing to consider these days before starting your next home improvement project is if the cost to do the work will be reflected in your home’s value. This is even a more important if you think you may be listing your home for sale in the near future. Who is doing the actual […]

What to fix before listing your home

May 10, 2011

With housing prices down across the country, there are a lot of homeowners barely breaking even on their respective home sales. Some are even losing money. You may find yourself in that position, too; wanting to sell, but worried about bringing cash to your own closing. It creates an interesting dilemma. You want your home […]

Credit Card Debate

May 10, 2011

Credit Cards are the subject of continuous controversy. On one side are consumer advocates who encourage the use of credit cards by people who are consistently able to manage their finances without incurring debt. On the other extreme are many personal finance authors who cater to those less able to manage their finances. Their advice […]

“No closing costs loans” explained

May 9, 2011

  Did you know that one of the popular loans right now is the 30 year fixed “no closing costs loan“. Some lenders want you to think it’s a magic trick. Today I’m going to reveal to you how it’s done. Here’s how it works. The loans come at a slightly higher interest rate and […]

Mortgage Insurance – When Can it Be Cancelled?

May 8, 2011

If you have a conventional mortgage, and put less than 20% down when you purchased your home (or less than 20% equity when you refinanced your home) your monthly payment includes “mortgage insurance“. Depending on your interest rate, for a 30- year term mortgage and if you put 5% down payment, it will take approximately […]

Top Road Blocks on the path to Home Ownership

May 3, 2011

Without question, today’s real estate market is considered a buyer’s market. By understanding the reasons why people are having trouble getting a mortgage, you can make sure that you are in position to buy. Learning these issues that others may have encountered you can make the whole home buying process much more enjoyable.  I have […]

FHA 203k Mortgages and Underwater Properties – Is there hope?

May 3, 2011

One of the best parts of FHA 203k mortgages is that overnight your property can “Poof” have equity! Who would have thought that is possible in this real estate environment – not most people, so let me explain in detail how this works. Current Home Specs and Estimated Value You own a home that is […]