Fix My Finances
Helping You Get “Back In The Black”

Today nearly 1/3 of all homeowners owe more on their homes then the homes are worth.  If the homeowner can continue to make the mortgage payment and isn’t planning on moving anytime soon, that is not a problem.  However, if the homeowner needs to sell the home being underwater on the house can be a [...]

Yes it is difficult to get a mortgage right now.  Banks are loaning money but they want more downpayments and they are taking more precautions to protect their investments.  As such, I would recommend that couples looking to purchase a home consider a multi-family. Multi-families are great because it allows the couple to purchase a [...]

Many people today are falling behind on their mortgages.  Thanks to legislation the Obama administration passed this year there is hope. First you need to assess why you are falling behind on your mortgage.  Did you or your spouse lose your job, did you have some unexpected medical expenses, were you or your spouse injured [...]

As IRAs, 401ks and other retirement accounts have lost value due to the financial decline of the recent years, many seniors have lost a chunk of their retirement income.  Thus, their accounts and assets are worth less but their living expenses have not decreased.  This is a problem. Many retirees spend the winter in Florida [...]

Thank goodness the government has money to spend.  The current administration is trying to stay afloat by throwing money at every large company that gives a hint of bankruptcy because we all know that the best way to teach a spendthrift how to become responsible with money is to give the person more money. There [...]

To combat the issue of rising foreclosure, Congress recently enacted HOPE for Homeowners.  This program is designed to help homeowners who are at least three payments behind on their mortgage but have not filed for bankruptcy. If you qualify, the program extends the terms of the loan, meaning you will be paying a lot more [...]

Pinch me, I must be dreaming.  A 4 bedroom 2.5 bath home with over 2,000 square feet built in 2006 is going on auction starting at $10,000.  This isn’t just a rare deal, there are plenty of others available as well. In this current market life is pretty tough if you don’t have any savings [...]

Do you have a mortgage? Is it 25 years, 30 years or even longer? The majority of mortgage companies will allow you to pay extra each month if you can. The idea is to make certain to pay on the principle and not the interest. The principle determines the amount of interest that you pay. [...]