Financial Foundations

I recently read an article on CNN Money that was so important because it is going to help so many people. It was about a new piece of legislation that Bush signed that makes PMI deductible for many homeowners. Here it is…

A $40 billion tax bill signed into law Wednesday [...]

Things to avoid before buying a home

Many new homebuyers make the mistake of rushing out to buy things to fill their home with as soon as the seller accepts their purchase offer and the lender pre-approves their loan. But there are still a few major hurdles to overcome before the keys are handed out. Here are [...]

Here is a great article and video on Reverse mortgages, from MSNBC.

Watch Video

Imagine getting a check each month instead of writing one

REDFORD, Mich. – For 88-year-old Mort Linick, a red scooter symbolizes financial freedom. He bought the scooter with money he and his wife, Fran, get from the mortgage company, instead of sending the mortgage company [...]

A reverse mortgage is a loan or line of credit you take against your house from the equity in your house that you do not have to repay, as long as you live there. You can choose to pay it off if you sell your home or you can simply live in your home until you [...]

Mortgage fraud is becoming more common. To protect your home and your home equity it is important to understand and recognize the signs of mortgage fraud. It’s also important to know how to report fraud to state and federal authorities so they can stop scam artists from preying on innocent borrowers.

Scam artists will often target homeowners [...]