Refinance or modify while it’s still possible

Interest rates have been very low for several years, and right now they are lower than ever, yet millions of mortgage borrowers who could profit from a refinance haven’t. Similarly, millions of borrowers who are having trouble making their mortgage payments but want to remain in their homes could have their mortgages modified to make …

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Don’t fixate on interest rates

Interest rates are low–really, really low. And artificially so, as time goes on, the government is slowly allowing some of the programs they imposed to keep rates low–to encourage buying and a housing recovery–to expire. But it seems that the lower rates go, the lower we want them to be. In the early 1980s, rates …

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FDIC’s ‘Problem Bank List’ Shrinks for First Time Since 2006

Bad real estate loans from the heyday of the boom have weighed heavy on banks’ balance sheets, forcing 365 FDIC-insured institutions to close up shop over the last two-and-a-half years. The FDIC keeps a list of banks it considers to have a high-risk of failure. This so-called “Problem List” has declined for the first time …

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10 Common Errors Home Owners Make When Filing Taxes

As you calculate your tax returns, consider each home tax deduction and credit you are—and are not—entitled to. Running afoul of any of these 10 home-related tax mistakes—which tax pros say are especially common—can cost you money or draw the IRS to your doorstep. #1: Deducting the wrong year for property taxes Enter on your …

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