Future Homeowners Page 9

  • New VA Mortgage Settlement Raises Big Foreclosure Questions

    New VA Mortgage Settlement Raises Big Foreclosure Questions

    The Justice Department has just announced a $39 million settlement to resolve allegations of wrongful foreclosures against vets and military families. The government says that "under its 2011 settlements with BAC Home Loans Servicing LP, a subsidiary of Bank of America Corporation, and Saxon Mortgage Servicing Inc., a subsidiary of Morgan Stanley, 316 service members whose homes were unlawfully foreclosed upon bet…

  • How to Take a Home Inventory and Protect Your Possessions

    How to Take a Home Inventory and Protect Your Possessions

    Pop quiz: can you name the most valuable things in your home, where they are and how much they are worth? If not, then you need to think about taking a home inventory. The National Association of Insurance Commissioners says that 59 percent of Americans do not have a list of their possessions. But this list is extremely valuable for insurance purposes because it documents the things you own. And for military famil…

  • What You Need to Know About the Jumpstart GSE Act

    What You Need to Know About the Jumpstart GSE Act

    Not long ago Congress passed the Middle Class Tax Relief and Job Creation Act of 2011. Under this legislation payroll taxes were reduced by 2 percent for a short time but the mortgage guarantee fees (g-fees) charged by Fannie Mae and Freddie Mac to lenders were increased by .1 percent. While the payroll tax provision has ended and paychecks are now smaller, that "little" .1 percent g-fee increase continues and -- …

  • All About VA Mortgage Rate Locks

    All About VA Mortgage Rate Locks

    Anyone with any eye on the mortgage marketplace knows that rates have risen since the start of the year, a trend which is hardly surprising given that interest levels hit historic lows in 2012. The bigger question is this: how can VA loan borrowers grab the rates we see today? Every borrower wants the best possible rate at the time of application, but mortgage levels are a moving target. It's easy to get some idea…

  • Charming Character or Cutting Edge: Choosing Between Old and New Homes

    Charming Character or Cutting Edge: Choosing Between Old and New Homes

    A big decision many homebuyers face is whether to buy new home or an older home. Price, amenities, functionality, maintenance costs, aesthetics and location are just some of the considerations that can differentiate newer homes from older ones. Evaluating your options based on a list of factors that are most important to you will help simplify the decision. Is energy efficiency a must-have? Is a strong community a…

  • Do Wrongful Foreclosures Still Haunt Servicemembers?

    Do Wrongful Foreclosures Still Haunt Servicemembers?

    A large number of servicemembers, perhaps far more than once suspected, have been wrongfully foreclosed according to the New York Times. Relying on "people with direct knowledge of the findings" the paper reports that "the nation’s biggest banks wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from roughly two dozen other borrowers who were current on their mortg…

  • Simple Recipes for Making DIY Air Fresheners a Breeze

    Simple Recipes for Making DIY Air Fresheners a Breeze

    According to Consumer Reports, about half of Americans use air fresheners, and about 34 percent use candles or incense to spruce up their homes. The comforting fragrance of air fresheners, however, may not be so comforting if you are to find out the lot of toxic chemicals used to make these products. A recent study by the U.S. Environmental Protection Agency shows that the air inside American households is two to …

  • Is The Fed Lowering VA Loan Rates?

    Is The Fed Lowering VA Loan Rates?

    If you've been looking at VA loans lately, you may have noticed that mortgage rates are still low compared to recent years. What you're seeing is not the marketplace at work, if by "marketplace," we mean loan rates which are the result of freely-moving supply and demand. Instead, rates are low today in some part because of the Federal Reserve's intervention. We know this intervention is important because last w…

  • Have You Checked Your Credit Report Lately?

    Have You Checked Your Credit Report Lately?

    There's little doubt that credit and credit scores are critically important for any type of loan, whether it's for a car, boat or house. It's a big deal when credit data is wrong and it turns out that errors are found in one of every four credit reports, errors that could cost you money or even lead to a loan rejection. A new study from the Federal Trade Commission shows that a quarter of all credit reports includ…

  • Avoid Expensive Roofing Problems Before They Start

    Avoid Expensive Roofing Problems Before They Start

    Owning a home is all about having a good roof over your head. Your roof is your first line of defense against the elements and also plays a vital role in keeping your home cool in the summer and warm in the winter. For being such an important part of the home, not many people know about maintaining and repairing roofs. Whether you’re trying to spot problems early or avoid buying a costly money pit, homeowners an…