With the great mortgage rate and the higher tax credit, it may be a good timing for the potential home buyers to step in from the sideline. Although it may still be too early for certain areas in California (prices are still too high).

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How to make the best out of the worst situation?

If you're looking for a way to refinance your mortgage, you might want to consider a loan that's backed by the Federal Housing Administration or, if you're a U.S. military veteran, the U.S. Department of Veterans Affairs. Loans backed by these two federal government agencies are especially attractive today because the loan amount limits have been raised, and some loan programs are open to homeowne...

Maybe you found better credit terms or you got cold feet. A provision of the Truth in Lending Act gives you the right to cancel certain real estate loans within three business days without penalty. It is called the right of rescission.

President Obama has asked that all employers adjust their payroll systems by Wednesday so eligible workers can start receiving the new Making Work Pay tax credit through their paychecks. The credit, available for 2009 and 2010, was a part of the economic recovery package lawmakers passed in February.

No matter how bad your credit is, you can take steps that will make it better.

New homebuyer credit can give you up to $8,000 bonus.

It sounds like a great idea to provide more protection to the consumers. Especially after what happened in mortgage industry these recent years. But do we need a new government agency (CFPA) to get into what seemingly mostly about personal responsibilities and decision making?

Debunk some myths of home-buyer's tax credit.

Always a good resource from RepoffReport.com for protecting your identity, avoiding scams and some other tips.

Do you know you can seal your credit by "freezing" it? If you lost your critical financial information or worried about being a ID theft victim, this temporary measurement can give you a peace of mind. It does cost some money to freeze and unfreeze it, but for most of the people the cost is unsubstantial.
The article is from my consumer advocate hero, Clark Howard.