Free Yourself From Mortgage Woes

Home is where the heart is, they say. But what do you do when your heart keeps pumping wildly out of fear that you may one day lose your beloved home? That fear may not be unfounded at all if you sooner or later end up falling short when it comes to paying off the mortgage on your house. You stand to lose that house you’ve worked so hard for, and your dreams start to come tumbling down.

With the many expenses we moms have to face each day, we sometimes find it somewhat of a herculean task to battle wits with rising interest rates on our home loans. As much as we moms- single moms, most especially- want to do things on our own, we have to realize that there are times when we do need to call on the powers that be for much-needed help. This may be the time when we have to seek help with Mortgage refinancing from the experts.

I happen to have a friend who’s in a bit of a mortgage slump these days. She was just about to shave her head out of sheer frustration when I jumped in and tried to help her out with her dilemma. I told her to ask around and scour the net for mortgage advice. I stumbled upon Trulia.com and found sound advice there.

I likewise learned about the benefits you can get from an FHA Streamline Refinance. Lenders or companies which offer this streamlined refinance service help you save on monthly payments and help lower the interest rates on your mortgage. They’ll save you all the extra paperwork and home-loan-related heartache.

When it comes to mortgage problems, we simply have to know where to look. Once we find an efficient mortgage refinancing company to help us, we’ll have one less thing to worry about as we go back to our more important mommy duties.

Helpful Financial Tips for Single Moms

Single moms don’t have it easy when it comes to finances.  It’s a cold hard fact that we provide for our kids out of our own pockets.  Well, if you’re lucky enough to have been blessed with deep pockets, or if you regularly get a fat sum of money deposited from your ex-husband’s to your bank account, then putting food-and more- on the table should not be so much of a problem.

For the most part, it’s us and us alone when it comes to dealing with financial matters- from the heart-pounding task of filing a tax extension to clearing up credit card debt.  Dealing with finances is merely a chunk in the whole single-parenting pie, but we do have to straight-facedly take a bite of it.  Here are some things we can do to sort out our finances and save money:

Cut down on luxuries.  Whether you’re a mom who can’t last a day without a tall Starbucks latte or you find it extremely difficult to say no to your friend who keeps selling you fine jewelry, you have to try to cut down on unnecessary expenses.  Sure, we all need to reward ourselves, but that can be done once in a while.  Let’s face it, they’re called luxuries because they are things which we can do without.

Make it a habit to save.  That old piggy bank which has been gathering dust in the deepest recesses of your kid’s toy chest may have to once and for all see the light of day.  Try to put aside some money each day, and before you know it, it’ll amount to something big enough to pay for something really important.

Sort out those taxes.  Even if you happen to be a work at home mom, you still can’t escape paying taxes.  Try to avail of a good type of tax preparation software to help you take the guesswork out of tax-paying.  With all the intricacies of paying taxes, you may need some help.

Clear out debt.  If you can help it, don’t loan money from any entity, living or otherwise, unless it’s for something worthwhile such as a house.  If you still have a huge credit card bill staring you in the face, try to pay it off all at once with whatever money you’ve already saved.  Nothing can make you breathe more freely than being debt-free.

If we didn’t have our kid’s future to think about, splurging on shoes would be ok to add to our daily to-do list.   But the thing is, we single moms must save up for their future while having to cut corners today.  In the end, giving up dreams of having that gorgeous Louis Vuitton bag will pay off.