http://www.mortgagecheckingaccount.com/blog Debt Consolidation through Mortgage Acceleration Fri, 01 Aug 2008 17:57:21 +0000 http://backend.userland.com/rss092 en  There is now a $7500 tax credit to those purchasing a home in the next year.  This should help some of us with mortgage acceleration. HudAuctionWatch is reporting that the: Housing and Economic Recovery Act passed, and it offers select homeowners eligibility for a tax credit equal to 10 percent of the ... http://www.mortgagecheckingaccount.com/blog/2008/08/01/housing-credit-of-7500-to-first-time-home-buyers-passes/ Perhaps more consumers are exploring mortgage acceleration, or so it would appear after recent news from the housing wire: Refinancing activity continued its recent freefall, dropping another 16.7 percent last week, the MBA said; refis fell 20.2 percent one week earlier — meaning that refinancing activity has fallen nearly 34 percent ... http://www.mortgagecheckingaccount.com/blog/2008/04/30/mortgage-applications-drop-heavily/ Reuters reports that major banks including UBS AG and Citigroup are now making it harder to sell what used to be one of the safest alternatives to cash -- so-called variable-rate demand notes -- sources familiar with industry practices say. Major banks are now being more cautious due to their ... http://www.mortgagecheckingaccount.com/blog/2008/03/19/variable-rate-note-now-harder-to-sell/ The US Fed has bailed out several large investment firms, which has led to a wide array of criticism.  According to the daily telegraph: The Fed's dramatic step came after an emergency conference call by governors on Monday night. It followed the melt-down of the US chartered agencies -- Fannie Mae, ... http://www.mortgagecheckingaccount.com/blog/2008/03/17/fed-offers-huge-mortgage-bailout/ While many may recall the financial disasters narrowly averted in the nineties, it looks as if the Asian markets may yet again be affected negatively by the world's downward market trend. This will likely have a very negative effect on interest rates worldwide and result in increased interest rates on adjustable ... http://www.mortgagecheckingaccount.com/blog/2008/03/06/asian-markets-begin-to-feel-strained/ Prior to purchasing any sort of home ownership accelerator, one should carefully examine their own ability with a calculator and decide whether the numbers work. The average American moves every seven years.  As such one should always calculate with a long term savings as the primary goal.  This is similar ... http://www.mortgagecheckingaccount.com/blog/2008/03/03/home-ownership-accelerator-calculations/ Planning for a second mortgage loan can take some work. When a lender gives you money and places a lien against your home for that amount, it is called a second mortgage. Because the lender uses your home as collateral for the loan, you will probably be given an amount that ... http://www.mortgagecheckingaccount.com/blog/2008/03/02/calculating-for-a-second-mortgage/ Prosper, a lender that allows users to make micro-loans to one another, is facing default rates of up to 10% or more during these troubling months.  Once a source of easy money for those seeking to accomplish some form of Mortgage acceleration, the service is now causing concern to some ... http://www.mortgagecheckingaccount.com/blog/2008/02/22/credit-crunch-hurts-prosper/ Debt Consolidation to Pay For College? As reported by CNNMoney, paying for college may get tougher for both students and parents as lenders crunch down on higher rates. Student loans are now being affected by the credit crisis, which happened last year with mortgages and is now affecting other areas. In ... http://www.mortgagecheckingaccount.com/blog/2008/02/20/paying-for-college-may-get-tougher/ The IRS may actually cut taxpayers a break this year, assuming they own a home.  Mortgagenewsdaily writes:  'There are two small changes in the tax code this year that may benefit some homeowners. If you think you qualify for these changes, research the guidelines at www.irs.gov or contact your tax advisor. ... http://www.mortgagecheckingaccount.com/blog/2008/02/11/homeowners-may-benefit-from-reformed-tax-code/