Loan points are fully deductible in the year paid if they meet ALL of these requirements

THE TOP 10 CREDIT DON’TS DURING THE LOAN PROCESS

1. DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE SCORING SYSTEM. This would include adding new accounts, co-signing on a loan, changing your name or address with the bureaus. The less activity on your reports during the loan process, …

Fannie Mae Launches Revised Home Foreclosure Options Website

Recently, Fannie Mae, the government mortgage giant, created new website targeted to homeowners facing foreclosure. The new website that was launched can be found at http://www.KnowYourOptions.com  and features information on different potential options for homeowners struggling to stay in their homes.

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Wow!  Who knew the bank would be able to take out an insurance policy on your second mortgage without you ever even knowing about it.  Yes, I am dealing with this situation right now and it is going to prevent the short sale from successfully closing.  We didn’t even find out about the policy until …

How much any action good or bad can affect your credit score really depends on your credit report as a whole. And your credit score can change daily depending on when your creditors report to the bureaus (Equifax, Experian, Trans Union). A lot of consumers are under the assumption that credit scores only change once …

Okay, here’s the scoop.  We moved last weekend and were told by our neighbors that we HAD to go to Home Depot and buy “Contractor Clean Up Bags” to move with.  Wow!  How great was it to throw everything in a bag and go.  You can literally put the contents of your silverware drawer, board …