I was flipping through the channels last night and I saw a new report via CBS saying that the Obama economic plan is working. Citi Bank can now afford to help its lenders by lowering home owners mortgage payments temporarily to $500. The thing is, in order to be able to get this help you [...]

I know about the first time home buying exemption but i am wondering if using it to pay monthly house payment (coworkers and I are wondering… our company is going under) qualifies. I heard it does but cannot find any back up… Thanks… ALSO (separate question that popped in my head while typing) If I [...]

I make $60k/year. I bought a home for $175,000 and put down $35,000 so my mortgage was for $140,000. I make my payments every month and have never been late. My home’s value was just estimated at $125,000. Will the government help me out with my upside-down mortgage since I’m a responsible American? It is [...]

If Obamas stimulus pacakge gave so much $ to the banks and the banks wants to loan the money so the economy can recover from the recession, then why is the mortgage rates going up so high and so fast? This make people less attracted to purchasing a new home. Im from so cal and [...]

I have an empty home that has been on the market for 15 months now, dropping in value daily. Being the responsible person that I am, I pay my payments… We are now asking much less for the home than what we paid in early 2006. Paying these huge payments monthly is starting to impact [...]

If your house is worth less than your mortgage, do you have any idea what kind of break the stimulus package would offer to a home owner on a $270K mortgage? If you could qualify for a loan modification under Obama’s Home Affordable Program, the rate can be as low as 2.00% for a period [...]