What to Do If You’re Still Underwater on Your Mortgage

Personal Finance

What to Do If You’re Still Underwater on Your Mortgage

What to Do If You’re Still Underwater on Your Mortgage

Deciding how much mortgage you can afford can have some major consequences if it turns out you were wrong. If your mortgage bills are piling up faster than you can pay them and your house isn’t worth what you owe, you may be thinking of scary scenarios like losing your home through foreclosure, or a plunging credit score. You… Read More

Should You Consider Buying a Short Sale?

Mortgages

Should You Consider Buying a Short Sale?

Should You Consider Buying a Short Sale?

When you are in the market to buy a home, finding the right home in your price range can be challenging. The goal is usually to find a balance between the things you want in a home and affordable monthly payments. This usually leads to some compromises and it’s not always easy when you’re making… Read More

What Is a Short Sale?

Mortgages

What Is a Short Sale?

What Is a Short Sale?

The world of real estate can be confusing, and sometimes, even with careful planning, mortgage payments can be difficult to make. If you find yourself faced with options like foreclosure, bankruptcy or a short sale, it’s important to understand your choices. A short sale is for those who do not qualify or do not want… Read More

Why Troubled Homeowners Could Face Huge Tax Bills

Mortgages

Why Troubled Homeowners Could Face Huge Tax Bills

Why Troubled Homeowners Could Face Huge Tax Bills

Financial adversity is an unhappy fact of life — jobs are won and lost, savings stashed and spent, and investments gain and lose ground all the time. Certain reversals of fortune are within our ability to predict and prevent. Indeed, some losses may even be manageable. Others, though, are impossible for some to overcome. Apparently,… Read More

How Short-Sale Survivors Can Get a Mortgage

Mortgages

How Short-Sale Survivors Can Get a Mortgage

How Short-Sale Survivors Can Get a Mortgage

Need to finance a home this year? If you had a previous short sale, pay very close attention to your credit report, because it might list the home as a foreclosure. It’s important to know how this difference can prevent you from getting a new mortgage again, and how you can deal with it so… Read More

Short Sales Are Down as Home Prices Rise

Mortgages

Short Sales Are Down as Home Prices Rise

Short Sales Are Down as Home Prices Rise

Home sales and prices continue to rise on an annual basis, and as those numbers have climbed, the number of short sales going through the market has dropped. Short sales, which are home sales in which the sale price is less than the total of the outstanding mortgages secured by the property, made up 5.3%… Read More

Mortgage Breaks Spared in Fiscal Deal

Mortgages

Mortgage Breaks Spared in Fiscal Deal

Mortgage Breaks Spared in Fiscal Deal

While many homeowners may have been concerned about the effects that the recently-concluded fiscal cliff negotiations might have on their mortgages, it seems that their fears can be assuaged somewhat. There was some consternation about the federal government’s plans to potentially eliminate a tax break that saves millions of homeowners a considerable amount of money… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.