via: cnn.com NEW YORK (CNNMoney) — Borrowers with some federally insured mortgages will be able to refinance into lower interest rate loans more easily and cheaply under a plan being unveiled Tuesday by the Obama administration. At a news conference scheduled later in the day, President Obama was set to announce that the Federal Housing […]

The Obama Administration may propose a plan to allow allow millions of homeowners with government-backed mortgages to refinance them at about 4 percent.

News

Story By: Kelly Campbell (U.S. News) via:yahoo The year is coming to an end, and with any conclusion comes a last-minute checklist. This is your final financial to-do list of 2010. With only a few days to complete these items, do not waste time getting started. 1. Fund your IRA or Roth IRA. For 2010, […]

By Nate Moch, Zillow.com via:yahoorealestate Your mortgage payment is most likely your largest monthly expense. But there are ways you can decrease your monthly payment and pay off your loan faster. Let’s walk through the tips using this mortgage example: $200,000 mortgage 30-year fixed rate mortgage 6% interest rate $1,199 monthly principal and interest payment […]

Via Huffington Post: When two struggling families appeared as guests on The Oprah Winfrey Show to talk about the home foreclosures they were facing, they had no idea a surprise guest would make their problems disappear. The Eller family and the Allgood family shared their stories with Oprah and explained how the national recession took […]