Mortgage-Guy.com

Accelerating your first payment of 2011 by even a day pays off in taxes. By accelerating that payment even by just a day, you get an additional deduction for the interest paid. Thus you could end up paying less on your income taxes.

Mortgage rates have been hitting historic rates nearly every week for a while now. According to Freddie Mac, the average rate for a 30-year fixed loan was 4.32 percent last week, and the 15-year average hit 3.83 percent. Here are Six questions to ask before refinancing your mortgage.

A no-closing-cost mortgage can save you thousands in upfront fees. Is it right for you?

It’s hard to have a rational discussion about closing the deficit without considering tax reform. And one of the most effective ways to reform the tax code is eliminating the ability to write off mortgage interest. But how will it affect housing prices? Will less people want to become homeowners? Will homeowners be able to afford their homes without the deduction?

A reader writes in: she’s drowning in her underwater mortgage, can’t get ahead on paying off the principal, and has sacrificed everything – including her education – to keep the house. What should she do?

Millions of Americans have been unable to make their mortgage payments due to the economy, leaving some homeowners vulnerable to mortgage scams.