Renting Versus Owning Costs

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).] July 01, 2009 : The big debate these days is whether home ownership is still everything it's cracked up to be. Yes, we still get a tax deduction on the amount of interest we pay, but the building of equity is no longer a given with a home mortgage. There are many areas around the United States with falling home prices, causing some people to be upside-down on their loans and leaving them unable to

Fort Bend CORPS Offering Free Energy Efficiency Program For Qualified Homeowners

As power costs begin to climb in the face of increasing summer heat, the Fort Bend CORPS has announced it is continuing its energy efficiency program this summer. The goal of the initiative is to provide comprehensive, whole-house repair and restoration to maximize electricity savings for low-income, elderly and disabled homeowners. Some of the home repairs include installing attic and wall insulation, solar screens, compact fluorescent lamps, Energy Star room air conditioners, E

Some Positive Christian News: Faith In Action

VISTA, Calif., June 25 /Christian Newswire/ — The third annual “Faith In Action Sunday” — which challenges churches to literally close their doors on a Sunday morning and go out and serve their communities — will take place on Oct. 11 this year. Photo : A young member of CloudBreak Church in San Diego helps with a clean-up effort in his community during “Faith in Action Sunday” last year. “Faith in Action” was developed by World Vision, Zondervan and Outreach, Inc. in 2007 to encourage c

Beware the reverse-mortgage ripoff - Money Features

For an elderly person with few assets, a reverse mortgage can be a lifesaver: It enables cash-poor retirees to tap equity in their house for living expenses, home repairs or health care needs. Here is the original: Beware the reverse-mortgage ripoff - Money Features This entry was posted on Tuesday, June 30th, 2009 at 6:00 am and is filed under Resource, mortgage. You can feed this entry. You can leave a response, or trackback from your own site.

Beware the reverse-mortgage ripoff

For an elderly person with few assets, a reverse mortgage can be a lifesaver: It enables cash-poor retirees to tap equity in their house for living expenses, home repairs or health care needs. If you’re 62 or older, reverse mortgages allow you to borrow against the value of your home and not repay the loan until you sell the house, move out or die. If the amount owed is more than the value of the house, the lender eats the difference. If it’s less, you (or your heirs) keep what’s left over after

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