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After months of debate in Washington, the Health Care Reform Bill was finally passed in the House of Representatives and around the country and has been signed by President Obama into law. The Health Care Reform will cost the government around $940 billion over ten years. It will help the government to reduce the deficit by $143 billion over the first ten years. With the coming of this bill, the health care coverage will expand to 32 million Americans who are presently not insured.

Hello Everyone,

I'm glad to announce that MortgageFit Community has come up with a Ranking Chart where mortgage companies and lenders will be ranked based on their company profile, services, and other details.

It has been found that many a times, the debt collection agencies go beyond their rights and harass the borrowers. It is our responsibility to know our rights as borrowers under the FDCPA. Here are a list of things that a debt collector may or may not do while contacting you:

Time to contact - A debt collector can contact you between 8AM to 9PM. However, if you work in the night shifts, then the debt collector can contact you at different hours.

With the coming of the new rules since January, 2010, everyone of us who has an IRA account will now be able to convert it into a Roth IRA. This has created an opportunity for all of us to have a tax-free growth of our retirement investment dollars. However, you should remember that while you convert a traditional IRA to a Roth IRA, it will be considered as a taxable event. Thus you'll owe taxes on the money that you convert excepting the nondeductible contributions made to the traditional IRA account.

In the year 2010, you will be getting an opportunity to save a tax free retirement income if you convert your individual retirement account into a Roth IRA. Apart from this, the IRS is allowing the taxpayers a time period of 3 years to pay taxes due on a conversion. Apart from this, even the higher-income taxpayers will be able to set up Roth IRAs which was not allowed earlier.

Here are the 7 things that you should keep in mind while you convert your individual retirement account into a Roth IRA:

With the introduction of the Home Affordable Foreclosure Alternatives Program (HAFA) on April 5th, new rules and guidelines have come up for the lenders. This new program is an extension of the HAMP (Home Affordable Modification Program) and will in turn help the borrowers further in safeguarding their property against foreclosures.

Let's take a look at some of the specifics of the HAFA program:

You may seek mortgage refinance to pay off an existing mortgage loan. A refinance means new loan terms and conditions, which if is suitable for you, may prove quite beneficial.

Here are the top 3 benefits for which you may seek mortgage refinance:

Hello everyone,

We're happy to inform you that George M Akerley, one of the mentors of MortgageFit Community has crossed the 10,000 mark! He is the first in our forums to have more than 10,000 posts. :)

Since 2007, George has been participating in the forums and helping posters who take part in the forums. With his knowledge and experience, he has always tried his best to help people with the needed mortgage and financial advice.

Due to the recession, a large number of people have lost their job whereas some had to go through a pay cut. As a result, they are facing severe problems in paying off our debts - be it the mortgage or the unsecured debts. If the creditors do not receive the payments on time, they can charge off the debts. Credit card debts, medical bills, second mortgage, etc. can be charged off by the creditor/lender.

People had a lot of expectation from the Home Affordable Mortgage Modification program (HAMP) as introduced by the Obama Government. This program was considered to be an excellent initiative aimed at helping the borrowers residing at some of the the worst-hit states. But is the program a success in reality? Most of the experts do not agree. Check out the 4 reasons why Home Affordable Modification failed: