Fha Mortgages vs. HomePath Mortgages

A HomePath Mortgage may be a better choice than an FHA mortgage loan. A Home Path Mortgage loan only requires 3% down whereas an FHA loan can require up to 3.5% down. There is no PMI insurance required on a HomePath Mortgage. An FHA mortgage has mortgage insurance as well as a 1.5% funding fee up front ouch. There is no appraisal required for a HomePath loan.

Home Path mortgage information

Federal Tax Credits

The American Recovery and Reinvestment Act of 2009 that was passed byPresident Obama gives many home improvement tax credit for people that do energy efficiency improvements to their home.

How to Qualify for Energy Efficient Home Improvement Tax Credits. You must purchase and install the energy efficient items between 1/1/2009 and 12/31/2010.

Energy Efficiency Tax Credit Information

8000 tax credit for first time home buyers explained

The new $8000 tax credit for first time home buyers is different from the $7500 tax credit that was passed by the Bush Administration. You should make sure you understand how it works before you close on your first home.

8000 first time home buyer tax credit info

Produce the Note - strategy for delaying foreclosure

In tough times you need to get creative. You may need to ask you lender to produce the original mortgage documents if they are threatening foreclosure on you. Just ask them to Produce the Note. In most states you need to be able to show the original documentation if you want to proceed with a foreclosure.

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