Mortgage Holders Less Likely to Dig Out of Delinquency An increasing number of delinquent U.S. mortgage holders are failing to bring their loans current, in part because falling home prices leave borrowers owing more than their properties are worth according to Fitch Ratings. The Fitch report surveyed securitized residential loans that were sold to investors […]

Understanding Closing and Settlement Costs Finally! An entertaining video that explains the entire home buying process. From making an offer, to who is involved, to why title insurance is necessary. Have questions or comments about closing and settlement costs? Just click the comment link below. Your email address, though needed to post your comment, will […]

Homes Getting Smaller For the first time in almost 15 years, the size of new homes built in the United States is shrinking. New homes are now 7% smaller — or the size of one average-sized room. To be precise, the median square footage of newly built homes fell to 2,065 square feet in the […]

What Happens To Your FICO Score When Your Credit Card Limit is Reduced? Approximately 1/3 of your FICO score is based on how much of your available credit you are using.  This is called your “credit utilization”. The higher the utilization rate you have… the lower your credit score.  The credit scoring models view this […]

Cutting Your Home Cooling Costs Air conditioning is an expensive way to stay cool, but there are ways to chill your house without burning up your bank account. Stacy Johnson explains… Have questions or comments? We’d love to hear from you. Just use the “comment” link below to sound off.

Buying a Foreclosure? The Top 5 Things to Look For If you’re thinking of buying a foreclosure, there are some things you need to look for before you enter into a purchase agreement. Kathleen Kuhn, President of HouseMaster, one of the largest home inspection franchisors in the country, provides some tips for how to spot […]

Contractors Feeling the Pinch by Recent Economy Changes When someone loses his or her job, if a pay cut has had to be taken, or if a usually relied upon bonus is not forthcoming this year, expenses must be cut. So many people right now are experiencing drops in income so severe that not only […]