The Pitfalls of Mortgage Qualifying With Part-Time Job or Side Business Income

If you’re planning to refinance or purchase a home in the near future, it’s important to understand that you may not be able to use your part-time or side business income to qualify. Continue reading

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MoneyNing: Don’t Believe These 3 Mortgage Myths

MoneyNing.com has a great post entitled “Don’t Believe These 3 Mortgage Myths” that deals with some common misconceptions about today’s much tougher mortgage lending climate. Continue reading

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How Can I Pay My Mortgage Off Early?

How can I pay my mortgage off early? Paying off your mortgage early can put thousands (or even tens of thousands) of dollars back in your pocket over the life of your home loan. The following are some great ideas for how you can pay off your mortgage faster. Continue reading

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Can I Get a Home Loan With Mortgage Late Payments on My Credit?

If you’ve been more than 30 days late on your mortgage in the past twelve months, it’s probably going to be tough to qualify for a refinance or purchase home loan. Continue reading

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I’m Upside Down in My House, What Are My Options?

If you’re upside down in your house, it may not seem like you have many options to better your situation, but there are some things you may be able to do. Continue reading

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Scientists Discover a Planet Made of Diamond

Reuters is reporting that scientists have discovered a planet 4,000 light years away that is made mostly of solid diamond. Continue reading

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You Know It’s Bad Out There When Lenders Aren’t Bothering to Repossess Cars

Things are apparently bad enough out there that many lenders are not even bothering to repossess cars when a debtor defaults on his car loan. Continue reading

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Hugo Chavez Nationalizes the Venezuelan Gold Mining Industry

If Hugo Chavez ever wonders why he can’t get international companies to invest in his country, he should look no further than his own ridiculous actions. According to the Financial Times, Chavez next target for nationalization is the gold mining industry. Continue reading

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What is a “Gift of Equity” And How Does It Apply to a Home Purchase?

Most people might be aware that gift funds can be used to purchase a home, but fewer people probably know that it’s also possible to purchase a home with gifts of equity. Continue reading

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Qualifying for a Mortgage with Social Security Income

Social Security income is great for qualifying for a mortgage because it typically requires little effort to prove, doesn’t need to be seasoned, and can be “grossed up”. Continue reading

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