USDA Pilot Program Available To Help Indiana Mortgage Borrowers Refinance
USDA Rural Development is launching a pilot program that can help Indiana homeowners with existing home loans with the agency refinance their mortgages to reduce their monthly payments. The Single Family Housing Guaranteed Rural Refinance Pilot Program will operate in Indiana and 18 other states. These states are among the hardest hit by the downturn in the housing market. This program can help as many as 15,000 homeowners in Indiana. Homeowners who have Rural Development direct or guaranteed loans can now refinance their loans at a better rate. They can save money on their mortgage payments at a time when they may need it most. The pilot program makes it easier for eligible homeowners to refinance their loans. They do not have to provide a new credit...
Read MoreSome Tax Deductions for Indiana Homeowners
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Read MoreWhat Exactly Is A Real Estate Appraisal?
Most people know that an appraisal is part of the home buying process. Do you actually know what the appraisal consist of? The official definition of an appraisal is “the process of valuing real property. The value usually sought is the property’s Market Value. Appraisals are needed because real estate transactions occur very infrequently. Not only that, but every property is different from the next, a factor that doesn’t affect assets like corporate stock. The appraiser usually provides a written report on this value to his or her client. These reports are used as the basis for mortgage loans, for settling estates and divorces, for tax matters, and so on. Sometimes the appraisal report is used by both parties to set the sale price of...
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Read MoreFrugal Living – How to Use the Internet to Save Money
There are many different ways to save money. We have many tools at our disposal; including the internet. While the internet is full of great (and not so great) money saving ideas; we want to share a few that we’ve come across: 1. Check Out Price Comparison Websites Whether you are planning to purchase a small appliance for your kitchen or a large investment like a car, you can search for reviews and price comparisons online. Even if I want to buy a book from Amazon, I check the reviews first before I put the money into it. 2. Subscribe to Coupon Blogs Each day, I get several emails from different coupon blogs that I have subscribed to. These are kept current daily and give you the best deals on groceries and other items. Sometimes they show...
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