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Can you refinance your mortgage loan when you owe more on the property than its current home value? Your mortgage lender may be more likely to grant you a mortgage loan modification or refinance since the federal government has been offering mortgage lenders financial incentives. Learn how to request a mortgage loan modification from your mortgage lender.

When you like to take an annual vacation you may decide to consider buying a timeshare. Is buying a timeshare worth it? When you're trying to decide whether to buy a timeshare, you should consider how much it will cost and how much you spend on a vacation on an annual basis. You can consider a timeshare an investment but keep in mind you may later want to sell it and what it takes to sell a timeshare.

Early in today's show, I took a call from Mike who said he had filed for bankruptcy 9 years ago, amid a tough and expensive divorce battle and custody fight. He managed to re-establish his credit, but had rebuilt his credit card debt to about $30,000.

He's working three jobs (he said he has no…

In light of the credit crisis you may be wondering whether you can get your mortgage loan modified. One type of loan modification is having your mortgage loan interest rate lowered. To find out whether you qualify for this kind of mortgage loan modification you should contact your mortgage lender. Your mortgage lender will consider the incomes of everyone on the loan. If your spouse suffers bad financial luck and is not on the loan, it shouldn't affect the mortgage lender's decision.

Since the collapse of the housing market many buyers have started to make low-ball offers when buying a home. How can you buy a home with an offer that's less than listing price? You have to do your research -- look closely at foreclosures, short sales and comparable properties before making an offer below listing price. And be ready for the sellers and their agent to give you a strong, likely negative, reaction.

Because the mortgage market is very local, it's tough to say what lender will offer the better deal. Developer of new construction homes often work with lenders to put together long-term financing packages for buyers and could be a viable option. The way to get the best deal is to call three or four lenders in the area to find out what's being offered.

There are a number of resources at hand when selling your home by owner. When selling by owner, it’s important to ensure you have the correct documents in order without an agent to represent you.

Agents know that, even if they work very hard, a sale won’t always go through. It’s a thoughtful gesture to thank an agent for their diligent work and to ensure them you’ll call them when it’s time to buy again. Here are a couple of appropriate gifts to thank your great real estate agent.

Here's the updated FAQ from the White House on the Modification program under the new Making Home Affordable program. For more information, check out MakingHomeAffordable.gov.

HOME AFFORDABLE MODIFICATIONS

Q: Can Making Home Affordable help me if my loan is not owned or securitized by Fannie Mae or…

Along with the launch of the MakingHomesAffordable.gov website, the White House released an updated FAQ about the refinancing and modification programs. Here's the refinance FAQ. I'll post the modification FAQ next.

BORROWER FREQUENTLY ASKED QUESTIONS UPDATED MARCH 18, 2009

What is “Making Home…