Even though many housing-related terms are constantly thrown around in the media and popular usage, very few people actually understand what they mean.

Originally, the bill gave first time home buyers an up to $8,000 credit to assist them in the purchase of their house in an effort to help bring back the housing market.

You could be karate-chopped if you're not careful.

Your lenders like to see a good credit history -- so don't go about erasing huge chunks of it after you just cleaned it up.

Federal law requires bankruptcy counseling within 180 days of your bankruptcy filing.

The Federal Housing Administration (FHA) was established to provide mortgage insurance on loans.

The tax credit is only eligible to those individuals who install the products as a replacement.

Here's a cool little fact: for most credit cards, you can change the payment due date.

The subsidized loan is great because the government pays for the fixed interest rate while you are in school (enrolled at least half-time).

Overall, while there may be an aversion to these new policies from college students, in the end, they are being protected.