Personal Finance / Financial Literacy Resources for clear concise information, facts & advice on a variety of personal finance topics
Is 2012 the time to buy a home? There have been a number of recent housing reports that suggest this may be a great time to buy a home for a variety of reasons. The January existing-homes sales report released by the National Association of Realtors, NAR revealed that the median sales price declined to [...]
The Federal Housing Finance Authority (FHFA) along with FNMA & FHLMC has expanded the Home Affordable Refinance Program (HARP). This program is designed to help underwater homeowners with conventional mortgages owned or guaranteed by FNMA or FHLMC. It allows people to refinance to lower their interest rates and monthly payments. This is great news for [...]
Sales of new homes nationwide hit record lows in 2011 according to the latest joint report released by the U.S. Census Bureau and the U. S. Department of Housing and Urban Development. The joint report released on January 26th, 2012 for December 2011 revealed that the seasonally adjusted annual rate for single-family new homes was [...]
One of the biggest challenges for home buyers today is the increased down payment requirements of many mortgage loan programs. The larger down payment requirements combined with closings costs and the prepaid expenses to establish an escrow account for property taxes and home owners insurance can prohibit many families from purchasing a home. There is a way [...]
The National Association of Realtors released their latest survey on the first quarter real estate sales for 2011. The report revealed some mixed data regarding the condition of the single family real estate market across America. The NAR report stated that existing-home sales continued to recover in the first quarter with gains recorded in 49 [...]
The Federal Housing Finance Authority recently announced that the Home Affordable Refinance Program, (HARP) would be extended through June 30, 2012. This is great news for millions of homeowners that are making their monthly mortgage payments but are unable to refinance their current mortgage due to the decrease in their home value. As a result [...]
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