FHA Loans – Can You Still Buy a Home With Little Money Down and Less Than Perfect Credit?

The simple answer is yes. There are still programs available that allow credit challenged borrowers to buy homes with as little as three and half (3.5) percent down payments. I know the media makes it sound like the banks have stopped lending all together. This simply is not true! The program that I talked about in this article is still closing mortgages everyday. Plus it is one of the most secure programs available. The program has been around for a very long time, but got thrown by the wayside with sub-prime mortgage which caused the crisis our financial system is in right now.

Credit Repair Home Based Business

For anyone considering opening a business in an industry that is still growing rapidly and is virtually recession proof, then perhaps a credit repair home based business might be ideal.

Great News for the Canadian Real Estate Market

In Canada, the recession is a key factor in the decline of sales in the real estate sector. In 2009, 91,000 of the 415,000 jobs lost in 2008 were reestablish. The decline in the real estate market is in part because of rising unemployment figures in Canada. By 2010, the employment opportunities are expected to increase by 0.9 percent and double that growth in 2011.

What Is An Interest Only Mortgage Loan?

An interest only mortgage is when a borrower only pays the interest rates and nothing is paid on the capital for a stipulated term and only repays the interest and not the capital borrowed. A separate repayment plan such as an ISA has been set up in order to repay the capital at the end of the mortgage term.

Tax Sops Good For Homebuyers

The restructured income tax slabs and liquidity in the banking system work well for homebuyers waiting to acquire property, writes B S Manu Rao