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As part of the Housing and Economic Recovery Act of 2008, the IRS authorizes a deduction of up to $7,500 for qualified first-time homebuyers.
What does that mean? Read on for an explanation.
Fannie Mae has gotten into the foreclosure game with a program called Homepath. The program provides special financing on select foreclosed properties from certain lenders.
With so many homeowners going through foreclosure, banks are looking for ways to ease the burden on themselves and the homeowner. CitiGroup has one idea which seems like it could catch on.
Provides potential borrowers with a brief primer on Truth In Lending Requirements and explains new regulations enacted to ensure that consumers are informed about loan related fees and costs.
Century 21 CEO discusses the real estate market and of course he's not that gloomy. It's his job to keep the houses selling. He lists four factors that are key to homesales and points out that...
Another wide ranging item in the Obama administration's 2009 stimulus package, that has garnered as many questions and interest in the media, is the proposed $15,000 first-time home buyer (owner)...
A Blogger calling himself Captain Capitalism has put together a short cartoon that explains the mortgage mess. From what I can tell he's an economics professor at a university in Minnesota.
Upside-down mortgages are becoming more and more common due these days due to the recent problems in the mortgage industry. It may be more difficult to refinance an upside-down mortgage, but it is...