Most of us dream of buying a home that we can call our own. Lucky ones amongst us may just come across a home that fits all our requirements, is in the right location and has an asking price that fits exactly into our budget. But before taking that final important step, take a deep breath and find out whether your budget can also accommodate the hidden costs of buying a home in … [Read more...] about The Hidden Costs of Buying a Home
Spring is just around the corner - and for many people, that means DIY home improvement projects are on their list of things to get done. One of the most popular home improvement projects is painting - both interior and exterior painting. Few things can change the look and feel of a room like a fresh coat of paint can. One of the questions that many people ask … [Read more...] about Should You Hire a Professional Painter?
News flash (and it is really a news flash): the federal government is stepping into the 21st Century but not until after the first of the year. Hey, it's a start. As mortgage loan and loan modification applications are reviewed by lenders, one vexing bit of paperwork has always been the IRS form 4506-T. This form, signed by the borrowers, allows the lender to independently … [Read more...] about Government Greases the Wheel. Finally.
If you're in the process of modifying your home loan and your lender has said that your debt ratios are too high, can you get someone to co-sign with you to help bring those debt ratios in line? Part of the loan modification review is determining how to get your debt to income ratio within guidelines. If your rates adjusted upwards due to a sub prime hybrid or you've lost … [Read more...] about Will a Co-Borrower Help With a Loan Modification?
Mortgage rate myths seem to come and go. Rates are higher if there's a Democrat elected. Rates are higher if the American League wins the World Series, and so on. Will there be a mortgage rate reaction this next Wednesday morning? An article in today's Wall Street Journal provided a punch list of what business executives would expect if Obama or Romney were elected … [Read more...] about Rates Always HIgher After An Election. Or Is It Lower?