How often in life is something given away for free. Yes, many advertisements offer items for free, but when one reads the fine print or does further investigation, they quickly realize that nothing is truly being given away. Instead, the word free is just being used to offer incentives to the potential customer. The exception [...]

The amount of information requests regarding the current $8000 tax credit has been plentiful over the last few months. Today, a potential borrower brought to my attention a scenario that should certainly interest a certain sector of the population. The soon to be first-time buyer asked:

Many potential first time home buyers find themselves in similar situations as we enter July 2009. They want to take advantage of the $8000 tax credit for first-time home buyers, purchase while the prices are declining, and know they can afford the payment of the new home. Only one thing stands in their way; cash. While their current rent payment may be just slightly lower than what their housing payment would be, the funds needed for down payment and closing costs are just not available to many people right now. So, how can you purchase a home if you have limited cash available?

Many Americans find themselves in a similar position today. They have a mortgage payment that is either too high because of a loss in gross income or because their mortgage adjusted and thus their rate has increased. While some of these people have been able to refinance or purchase because they have maintained their credit, many others have seen their bills overwhelm them and thus have lowered their credit scores below the acceptable mark. What can one do to make things better for themselves financially?

 
While there are many potential borrowers that think they are serving their interests best by calling places and asking for a rate or using a big name financial institution instead of a quality service mortgage lender perhaps there are better ideas out there. After reading through hundreds upon hundreds of comments regarding the current mortgage [...]