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The current state of the national housing market isn't good news for the overall economy, which is showing some signs of improvement. But generally lower home prices are not surprising given the expiration of the 2010 home buyers tax credits and the
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In today’s shaky economic climate, it is no wonder that many families are worried, and belt-tightening has become a way of life. But there are ways to ease the pain of shaving expenses. Families who share the obligation to save can be pretty creative
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What are closing costs? Closing, or settlement, costs are expenses over and above the price of the property. Both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on
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According to the Wall Street Journal our government is still considering a number of ill advised tax changes which have the potential to derail our already severely battered economy for good... Sacrosanct tax breaks, including deductions on mortgage interest,
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Everyone probably heard the term "Cash For Clunkers", one of the government past initiatives to spur new auto sales by giving people a sizable tax credit when turning their old gas guzzlers in for new, more efficient models. This program was
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FHA Lending Changes that Will Impact Home Buyers and Owners Did you know that in 2009, the Federal Housing Administration (FHA) insured nearly 30% of the single-family mortgage market and that more than 50% of all first-time home buyers used FHA programs?
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You can get up to $35,000 in additional funds for the renovation of a single family home through the FHA 203K Mortgage program. The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers
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