FHA 203(k) Loans – purchase (or refinance) and renovate

Buying a home which needs renovation can be challenging. Lenders provide limited and expensive mortgages on homes which are in poor condition. The FHA 203(k) backed loans protect lenders by having the loan insured before the condition and value of the property provides adequate security. This reduces the cost to the borrower. The program enables

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Federal Debt – a spreading fire?

Vanguard discussed the possibility that Moody’s Investors Service may be the second major credit agency to downgrade U.S. government debt. If lawmakers are thought to be unable/unwilling to control government debt, Moody’s may remove the federal government from the top of its credit scale. In August 2011, Congressional wrangling on federal borrowing limits helped prompt Standard &

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