Monthly Archives: May 2010

California Second Mortgages

Posted on May 29, 2010 by admin

Kevin Stith asked: A mortgage is a long-term loan for a large amount, commonly taken for a property or a house. It is a kind of home loan except that it is termed for longer. Mortgages are available through a … Continue reading →

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How many points does your credit score go down for late mortage payments?

Posted on May 19, 2010 by admin

Coral asked: How many points does your credit score go down for every late mortgage payment made 30-35 days after the due date? Is this hard to repair?Shane

Posted in Credit | Tagged , , , | 2 Comments

A New Mortgage Elimination Scam

Posted on May 17, 2010 by admin

Jeanette Joy Fisher asked: It’s every homeowner’s fantasy: to own their home free and clear. There are lots of legitimate ways to pay off your mortgage loan faster, but here’s the latest scam for folks hoping to eliminate their entire … Continue reading →

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Keeping abreast of the mortage crisis here is the US ~see details below~?

Posted on May 16, 2010 by admin

latj asked: I saw on CNN today where many cities are actually experiencing 1 in 200 homes that are being foreclosed daily. Last month in Chicago 250,000 homes were foreclosed on. A lot of people aren’t aware that people from … Continue reading →

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where do i take my deduction on form 1040 for interest I paid on a home mortage?

Posted on May 12, 2010 by admin

keith100_adams asked: i cannot find it anywhere on the form. Would I need to itemize my deductions to do this. The standard deductuion is $5150 and my interest for $2006 was around $2000. I have no other deductions that i … Continue reading →

Posted in United States | Tagged , | 8 Comments