Mortgages

We Did A Short Sale Of Our Home

by Matt Jabs

Recently we performed a short sale of our home and lived to tell about it. Read this to learn from our experience and pick up a few tips for your sale.

15 comments Read the full article →

Understanding Debt [Part 2]

by Mike Young

In part 2 of Understanding Debt we’ll take a look at medical debt, HELOC debt, unsecured loan debt, and mortgage debt to formulate the best debt plan.

Read the full article →

Walking Away From Your Mortgage

by Matt Jabs

Considering walking away from your mortgage? Only you can decide whether walking away it is okay, just be sure you consider these alternatives first.

15 comments Read the full article →

Debt Plan – Facing Bankruptcy & Foreclosure

by Robert Espe
Thumbnail image for Debt Plan – Facing Bankruptcy & Foreclosure

DFA Julianna needs debt help dealing with looming issues like bankruptcy and foreclosure. Check out the advice Robert gives and come help out by giving some advice of your own.

34 comments Read the full article →

DFA Weekly Link Rally: Saving Money to Repay Debt in Lump Sums

by Matt Jabs
Thumbnail image for DFA Weekly Link Rally: Saving Money to Repay Debt in Lump Sums

We will pay extra principal payments on our two highest rate loans and save all excess in a Debt Repayment Fund for future lump sum debt payments. We are doing this as a hedge against unemployment and a devastated Michigan housing market.

20 comments Read the full article →

Refinance Home Loans – How One Call Saved Us $41,123.16

by Matt Jabs
Thumbnail image for Refinance Home Loans – How One Call Saved Us $41,123.16

One phone call to our mortgage lender saved us over $41,000 on a home loan refinance. The whole process is much easier than you might think… you’d be silly not to give it a shot!

48 comments Read the full article →

Is It Better to Buy or Rent?

by Matt Jabs
Thumbnail image for Is It Better to Buy or Rent?

According to my research, renting would have been a far better financial decision for my situation. What about you? Check out my numbers, then run your own to determine whether renting or mortgaging a home is the best financial decision for you.

50 comments Read the full article →

A Home Mortgage Means You Pay Double – Limited Income and Wise Spending

by Robert Espe
Thumbnail image for A Home Mortgage Means You Pay Double – Limited Income and Wise Spending

We can only earn so much money in our lifetime… considering the fact that we rate chase savings accounts and seek out deals around every corner, should we really pay double the purchase price for our homes by using a home mortgage?

24 comments Read the full article →

Renting vs. Mortgage and A Solution for Mortgage Free Home Ownership

by Robert Espe
Thumbnail image for Renting vs. Mortgage and A Solution for Mortgage Free Home Ownership

The lie – “renting is throwing away money.” The truth – renting housing may be a better financial decision than buying a home. Don’t believe me? Check out these calculations on personal equity that prove my point.

37 comments Read the full article →

First-Time Homebuyer Credit – 2009 Returns must be filed on Paper (Form 5405)

by Matt Jabs
Thumbnail image for First-Time Homebuyer Credit – 2009 Returns must be filed on Paper (Form 5405)

Use IRS form 5405 instructions to determine your eligibility for the homebuyer tax credit and be aware that if filing form 5405, you cannot eFile your 2009 return… you must file it on paper.

1 comment Read the full article →