April 8th, 2011

Friday Roundup: Credit Karma & Housing Market News

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It’s Friday! That means it’s time for us to roundup the latest in Credit Karma and Housing Market news from around the blogosphere and all over the web.

Today you can read about smart tips for first-time homebuyers, how you can cut your home insurance costs, ways to pay down a mortgage up front, and more. Check it out, and have a great weekend from all of us here at Credit Karma!

Credit Karma News

  • 7 Smart Tips For First-Time Homebuyers. Did you know that applying for a home loan with weak credit can lead to higher interest fees, and smaller loans? Leverage properties such as Credit Karma or myFICO to know where you credit stands. Savvy Sugar
  • How to build meaningful financial services companies. Less consumer skepticism means we will see more opportunities for direct-to-consumer models like credit-score tracking service CreditKarma that are a win for both consumers and financial institutions; we hope to see a lot more of this. Venture Beat
  • Credit Karma: Get Your Credit Score For Free. While you get your credit report for free, getting your actual credit score used by companies in determining your creditworthiness would usually cost you a little bit more… Now there is a free way to get at least one of your credit scores – and you don’t need to use a credit card or anything along those lines. Bible Money Matters
  • Credit Karma — Get Your Free Credit Score And More — A Review. If you intend to pull your score frequently, perhaps because you are in the market for a house and would like the highest possible credit score to get the best interest rate on your home loan, then you may want to give Credit Karma a try,where you can get a free credit score and track your score over time with no fees or obligations. Free From Broke

Housing Market News

  • How to cut home insurance costs. Fortunately, you can take several steps to bring down the cost of your own homeowners policy, short of packing up and moving. Bankrate
  • Foreclosure fraud: The homeowner nightmares continue. Over the past several months regulators have finally noticed what consumer attorneys have been saying for years: the big banks have routinely committed fraud in their foreclosure filings and their records of how much people owe are too often wrong. CNN Money
  • Two ways to pay down a mortgage up front: Which is better?
    Saw this question over at the Money Stack exchange site: Bigger mortgage downpayment vs. paying extra on the first regular payment? It’s a great question with a slightly non-intuitive answer. Mighty Bargain Hunter
  • Good News for Spouses of Reverse Mortgage Holders. n the face of a lawsuit from the AARP Foundation, the Department of Housing and Urban Development has backed off an apparent policy change that was putting some widows and widowers on the brink of foreclosure. Bucks
  • ARMs making a comeback. Adjustable rate mortgages are back. After accounting for nearly 70 percent of all mortgages issued during the boom, ARMs vanished during the bust, totaling just 3 percent of the market in 2009. Now they make up 5 percent of all mortgages issued, and Freddie Mac predicts 10 percent by December. Chicago Tribune

Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.

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