If you're shopping for a mortgage or trying to sell your home these days, it's a whole new world out there. The days of easy credit and skyrocketing home values are long gone. So what do you do? Hear from a New Jersey CPA and a real estate expert about how to buy or sell a home during a recession.
* SEE ALSO: Preparing Your Home for Sale -
2. QUALIFYING FOR A MORTGAGE IN A TOUGH ECONOMY
Although banks currently have stricter lending rules, it is still possible to qualify for a mortgage in this difficult economy. Here are a few steps that may make it easier.
3. IRS OFFERS TIPS TO AVOID RECOVERY REBATE CREDIT CONFUSION
In response to errors showing up on early tax filings, the Internal Revenue Service is urging taxpayers to make sure they properly determine eligibility for the recovery rebate credit before they file their 2008 federal tax returns.
4. RETIREMENT SAVINGS STEPS TO TAKE NOW
The recent turmoil in the financial markets has touched virtually every sector of the economy. One huge source of anxiety for many people is the state of their retirement savings. The market will always be volatile, but there are steps you can take to better protect yourself for the future.
5. THREE TIPS FOR RENEGOTIATING YOUR MORTGAGE
Banks are more willing than ever to help homeowners avoid foreclosure, and terms may improve further if Congress includes additional incentives for banks to help homeowners as part of the economic stimulus package under consideration. Here’s what you need to know. http://www.smartmoney.com/Personal-Finance/Real-Estate/