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1). Buying Your First Home: Setup A Realistic Budget With mortgage rates still low, and a number of flexible loan programs available, it has never been easier to buy your first home. You have some money saved, and being pre-qualified by a lender, you feel you are ready to find that dream home. But you need to set time aside to review your household budget to see the real financial impact of home ownership before you shop. 2). Fixed Rate Mortgages: Back To Basics In many sections of the country the home purchase market has slowed down. Prices of homes for sale seemed to go through the roof. Mortgage interest rates, while still low historically, are up from last year. During this volatile time the homebuyer can choose from a number of options. Fixed rate mortgages give the purchaser of a home a secure way to finance that home. 3). Homeowners With An FHA Mortgage: Streamline It -Save Money There is a fast and easy way to lower the payments on your existing FHA mortgage. It will not take money out of your pocket for closing costs. There is no appraisal required. As long as you’ve made your existing FHA mortgage payments there is no credit qualifying. You don’t even have to be working and making an income to get it. 4). Refinance Your High Rate Subprime Loan To FHA There are a number of homeowners who currently have a high interest rate subprime mortgage loan. Now may be the time to refinance into a lower rate FHA mortgage loan. . 5). Teachers and Public Service Workers Get A Mortgage Break Teachers and public service workers can qualify to purchase a home with as little as $500 or 1% of the sales price of their own money, whichever is less. In addition, they will have less restrictive guidelines than is normally required from borrowers for a mortgage. 6). Title Insurance: Why You Need It Your home more than likely is your largest asset. Title Insurance protects you against future claims that someone may have on your property. There can be a number of people and agencies that very well could file a claim on your property.