Hidden Costs in 0% Credit Cards.  Watch out for hidden fees.  The Consumer Financial Protection Bureau (CFPB) says some credit card companies are luring consumers with 0 percent or low-interest offers for specific purchases or balance transfers, then hitting them with surprise interest charges. When you get offers for balance transfers, deferred-interest offers or convenience…

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10 Tips To Cut Energy Costs This Winter – Winter is on its way! It always seems to creep up on us faster than we would like. The days are getting shorter, colder and sometimes more expensive. However, they don’t have to be as expensive this year. There are a few things you can do…

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Your Mortgage Paperwork

Home Equity Line Of Credit Home Equity Line Of Credit. Should you use a home equity line or loan to pay off your outstanding credit card bills or other debt? Maybe. But before you borrow, consider the pros and cons. There are two kinds of home equity mortgages. With a home equity loan you get…

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Your Mortgage Paperwork

Watching The Economy.  Watching key economic indicators over time should help you understand the signals the economy is sending. While you may not make financial decisions with certainty, understanding the economy should help you make decisions, such as which investments to purchase and sell, when to lock in mortgage rates, and when to purchase major…

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Mortgage costs could rise in the upcoming year!

Are Reverse Mortgages a Good Tax Strategy? Are Reverse Mortgages a Good Tax Strategy? Reverse mortgages are becoming increasing popular – especially for older people who want to tap the equity in their homes. They can provide a convenient source of financing for seniors who are “home rich but cash poor.” Qualified individuals can keep…

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Tax Deduction

Private Mortgage Insurance – TAX Deduction Private Mortgage Insurance – TAX Deduction. If you put down less than 20 percent for a conventional mortgage when you bought your home, your lender likely asked you to get mortgage insurance. Those mortgage insurance premiums may be deductible on your federal income taxes if you itemize and you…

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Housing market is looking up!  From a national standpoint there is a news release published by the Federal Housing Finance Agency stating that “house prices rose 1.8 percent from the first quarter to the second quarter of 2012.”  Great news for sellers!  There are still areas facing major challenges, however this does echo that there…

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For the last year HomeActions has been following the Consumer Financial Protection Bureau. They are charged with cleaning up policies and procedures when consumers borrow money or otherwise engage financial services companies. The Bureau just announced that they are taking oversight authority of credit reporting companies. Also CFPB just released the list of their 55,000…

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