If you’ve been hoping to enroll in the Emergency Homeowners Loan Program (EHLP), today is the last day to get pre-screened. Homeowners who are eligible could take advantage of an interest-free loan to help them avoid foreclosure.
About EHLP
EHLP provides troubled homeowners with a one-time, interest-free “bridge loan” that helps them become current on their overdue mortgage loan by giving them enough to make monthly mortgage payments (including principal, interest, taxes and insurance) for two years or up to the amount of $50,000.
What’s great about the loan is no payments will be due for five years as long as homeowners stay current on their mortgage payments and meet other requirements. After the
New-home construction jumped throughout the U.S., unexpected news that fueled speculation about a housing recovery.
Framer Joe Jacques worked on a new house in Windham, N.H., on Tuesday. Despite promising numbers, some observers say it could be 2013 or 2014 before the market truly recovers.
New-home construction popped to a five-month high in June, surprising economists and fueling hope that the long-struggling U.S.
If you read an article called “I helped cause the financial crisis, and I’m sorry,” you might have come away afraid to refinance a mortgage or buy a home ever again. This entertaining tale was told by a 22-year-old subprime loan officer who worked in the business for nine months before fleeing. The bad news is that some of what Ken Kupchik writes about did happen at other companies besides his. The good news is that a repeat performance is highly unlikely.
An unsecured loan refers to a kind of loan where your lender relies merely on your words. It means with a promise to repay the loan, you can get the loan and since it only works on promise basis, therefore it is known as unsecured loan. People usually go for unsecured loans only for meager expenses such as vacation, computers or any other unexpected finances. Personal loans or signature loans are all synonymous with unsecured loans. These types of loans are convenient but expensive and rigid. In case you want a short term loan, say for 1-5 years duration, unsecured loans can be good, but as mentioned earlier, these loans have higher rate of interest which definitely adds burden, especially if you are out of finances.
The first time home buyers usually find themselves financially distressed because of the difficult payment options and heavy interest rates. Read full post…
Most people hate paying taxes. Fortunately, the IRS has some policies in place meant to assist the average person with tax debt every year. Tax relief is usually provided in the form of either a credit or a deduction. The difference is between the two is that tax credits reduce the tax you owe, while deductions reduce the amount of income counted as taxable. Under certain conditions you may be eligible for a travel deduction related to employment.
The usual tax relief for business and travel expenses is in the form of a tax deduction rather than a tax credit.
If you read an article called “I helped cause the financial crisis, and I’m sorry,” you might have come away afraid to refinance a mortgage or buy a home ever again. This entertaining tale was told by a 22-year-old subprime loan officer who worked in the business for nine months before fleeing. The bad news is that some of what Ken Kupchik writes about did happen at other companies besides his. The good news is that a repeat performance is highly unlikely.