Archives for January 2008

How your FICO score is calculatedCredit scores give lenders a fast, objective measurement of your credit risk. Before the use of scoring, the credit granting process could be slow, inconsistent and unfairly biased. Types of Credit in Use: 10%--Considers the number of credit accounts and the mix of credit types: credit cards, installment loans, mortgages. This is most important if you don't have Continue Reading

The U.S. House of Representatives voted this week making mortgage insurance premiums tax deductible for all mortgages originated for the next three years. The Senate passed this legislation last week by unanimous consent. Mortgage insurance first became tax deductible in 2007.Eligible homeowners with adjusted gross incomes of $100,000 or less can deduct the full cost of their mortgage insurance Continue Reading

It is Easy to Be Green5 low-cost things you can do to go greener at home By Dena KouremetisFluorescent light bulbs not only last longer but are more environmentally and economically sound. When that certain lovable Muppet Kermit the Frog sang “It isn’t Easy Being Green” so long ago, chances are pretty good that he wasn’t referring to how easy it is to help the environment.Helping the world go Continue Reading