Things You Need to Know Before Raising a Private Loan

Things You Need to Know Before Raising a Private Loan by Martin ElmerA personal loan (consumer loan, private loan) could be an option, if you are short on money. But before you are raising a loan, you better learn about concepts like security, fees and interest rates.A personal loan is defined as a loan rose by an individual. Normally it is raised to buy something (like a vacation or a television). But it can also be used to pay of other dept. [more...]

Date: 2009-09-30 11:41:02

Blog posts (161) | Videos (182)
 

Emotional, financial and legal advice on surviving redundancy

Keep calm Remember you're not alone Redundancy can be a devastating, sometimes brutal, experience but it's not your fault ... the credit crunch in your own backyard," says Phillip Hodson, a fellow of the British Association ... way as due to the western economic cycle, the bastard in charge of hiring and firing, or bad luck [more...]

Date: 2009-01-08 14:45:20

What Can I Do? I’m Treated Like A Financial Leper Because My Credit Is Bad

Amazon.de Widgets If you feel like you’ve been well and truly left out to dry by the financial institutions, you have every right. The current economic meltdown is the reason, and because of our excessiv spending of the last 5 years we’re not totally blameless, but we’re certainly not to blame for the financial mess that the US and the rest of the world is facing right now either. [more...]

Date: 2009-09-28 12:04:42

Things You Tend Not To Spend Much Time Thinking Seriously About When Making A Decision To Relocate

I have had this item on my blogging to-do list for probably 18 months now, without attempting to address it ... s start with credit history, something discussed in this blog a long time ago. Or, rather, your lack of such overseas, which will hamper your efforts to obtain auto financing or even apply for local credit [more...]

Date: 2009-01-15 20:29:06

The End of Large-Bank Wholesale Lending - Time For the Mortgage Banker

The End of Large Bank Wholesale Lending - A Resurgence of Middle Market Mortgage Banking – Chase…a Leading Indicator This week Chase shut down ... t effectively manage its pipeline of locked and in-process loans. Of note, Credit Suisse recently shut down ... because NMN is subscription - sorry: “As the refinancing boom gathers steam selected residential [more...]

Date: 2009-01-16 18:23:12

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

Refinancing When You Owe More Than The Home Is Worth

I've been looking around for an answer to this but my searches haven't returned anything useful ... ? Was all the refinance hype only because the markets kept going up? Is this the reason why people who got an bad loan ... to the utter limit for 100% financing could refinance into more favorable loans as their equity picture [more...]

Date: 2009-01-08 09:54:12

Those Order Takers Are Now Gone In California

The Ventura County Star reports from California. “According to Bill Watkins, executive director of the UC Santa Barbara Economic Forecast Project…a foreclosed home in California sells for $200,000 less than a traditional home. Until foreclosures are worked through the market, ‘we don’t think the real estate market can clean itself up, [more...]

Date: 2008-12-27 18:47:48

Lending Woes: A Deeper Consumer Analysis

This may seem like an odd analogy, but I remember this story about my Mom when she was having her 7th baby ... for the Subprime Crisis.   Subprime loans did not come into being in late 2003.  2003 is the year more people ... You can’t get a good loan, but we can find you a BAD loan, if that’s what you want.”  Most people said [more...]

Date: 2008-12-29 21:19:46

Things to Consider If You Can't Afford Your Payment

I read a lot of the info. you have on your web page ... thank you. I don't live in San Diego so I'm not looking for a home. What I am trying to decide is whether to sell or refinance. I live in DELETED. My mortgage payments are now approx. $2,400. I cannot afford to refinance into a fixed rate mortgage or interest only [more...]

Date: 2008-12-28 15:23:29

Doom - Part Deux

It's here. Finally. Doom. Doom Part Deux, actually, as the fine folks over there at The Wall Street Journal Online have informed us that the " ... . They don't really know exactly where all the money went and who did what with it. Bad answer ... Rican rum producers$128 million to auto racing tracks$33 million for corporations that operate [more...]

Date: 2009-01-17 08:34:00

WSJ: "Housing Push for Hispanics Spawns Wave of Foreclosures"

From the Wall Street Journal:"Housing Push for Hispanics Spawns Wave of Foreclosures"By SUSAN SCHMIDT and MAURICE TAMMANCalifornia Rep ... with loans that often didn't require down payments, solid credit ratings or documentation of employment ... all congressional districts in percentage of home loans not tailored for prime borrowers. The caucus [more...]

Date: 2009-01-05 04:10:00

6 Factors Shaping the Renewable Energy Industry in 2008

Many industries experienced turbulence this year and renewable energy was no exception ... It is not just hard to secure a mortgage. Homeowners wishing to pay for a solar system using a home equity loan may ... . 2008 was really a mixed bag for the industry, with lots of good and bad news. 1. High Energy [more...]

Date: 2009-01-01 01:26:22

More on Good Habits for Success in 2009

“Good Habits”. Lets delve a bit deeper: Constantly evaluate everything you are doing Develop the habit of constant awareness and evaluation.  Always be thinking: is this the best use of my time? Is the best way I could be doing this? Do the most important task of the day first This ties in with your daily goals, [more...]

Date: 2009-01-06 15:55:09

Mortgage Loans - The Basics

by Trinity Collie Buying a home is a big decision. It is actually a really big responsibility to buy a home because it is such an expensive purchase. In order to get into a home, you will most likely have to borrow money from a bank to cover the cost of the home. This type of loan is known as a mortgage. The ease of getting a mortgage [more...]

Date: 2009-01-17 17:20:31

?Home Foreclosures: More Than Just Bad Budgeting

by William Blake For the past several years, the number of home foreclosures has been steadily increasing and it seems that there is little chance for the situation to improve itself. The people who are affected by home foreclosures ... to be individuals who have had some bad experiences financially or who have been taken advantage [more...]

Date: 2009-01-16 10:05:19

Regulators Toughen Negative Amortization Loans?

(This was originally published December 13, 2005. I'm reprinting it because it shows how utterly predictable the housing meltdown was) ... about all the bad stuff. Furthermore, the real rate on these loans is variable from day ... ;/sarcasm>). Read the contract. The attraction of negative amortization loans has nothing [more...]

Date: 2008-12-24 14:52:05

Mortgage: 3 Tips On Finding The Cheapest Rates

There are a lot of things to do when looking to buy a home but the most important is to get the most interesting mortgage loan rates available on the market. When applying for a loan, having a high credit score allows you to have a number ... one. Important: in some countries there are only established only two kinds of credit score: the good [more...]

Date: 2009-01-17 12:34:42

It’s time to refinance ~ but is your home worth enough to get that great low rate?

Short sales, Bailouts, Mortgage Reductions…there are all kinds of programs being talked about, ... .  You have a credit score over 800?  Awesome…we’ll give you a loan for up to 100% of the value of your home ... .  But I have a question.  What about the homeowner who has never missed a payment, has a great credit score [more...]

Date: 2009-01-17 04:16:58

GBTV #484 | GeekBrief.TV

Shownotes: After we quit our day job at Extra Space to do Geek Brief full time, we moved to the familiarity of our home town ... you!) On the flight back home, we decided to go forward with our dream to buy a bus and travel to all 50 ... disasters. We got great advice from them about buses and got serious about buying one. At the time [more...]

Date: 2009-01-05 02:51:59

You Can Implement your own Credit Repair

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... of your salary that goes for necessities such as mortgage, car loans, credit card payments, utilities, other loan ... . This is the income you can devote to reducing debt. Next, decide which loans and credit cards [more...]

Date: 2009-01-14 23:27:42

Banking Industry Sinking Faster Than Government Can Bail?

A useful piece at the Wall Street Journal discusses the poor prospects for the US banking industry, ... and Treasury. The article makes much of recent and almost-certain-to-get-worse bank credit losses ... , are starting to mount. Construction loans were an important business for local and regional banks [more...]

Date: 2008-12-30 06:21:47

Is there Good Debt?

by Michael Geoffrey Some people think that all debt is bad. But that is not the case. There is some debt that is actually good ... . The overwhelming majority of credit card purchases are things that lose value. Another bad debt is borrowing ... with the potential for a greater return in the long run. The money you spend is gone. * Credit card debt [more...]

Date: 2009-01-17 09:19:02

“We can put light where there’s darkness, and hope where there’s despondency in this country ... S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets ... easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains [more...]

Date: 2008-12-21 16:01:46

Build your dream home

Are you planning to build your own dream home? If yes, this post will really help you to start up with that plans. One big problem many people face is getting home loans because lenders look at the credit history ... about a website that is providing home loans for bad creditors. badcreditloanshop.com is easily the best [more...]

Date: 2009-01-16 01:47:44

Homeowner Loans for Everyone

A homeowner loan is a loan that is given against the security of a house. Your house acts as collateral when you take out a homeowner loan ... is replacing high rate unsecured loans and credit card bills with a low rate secured loan. Therefore ... when you are suffering from a bad credit history. Lenders charge very high rates of interest on bad credit [more...]

Date: 2009-01-16 23:02:29

By Saying Yes, WaMu Built Empire on Shaky Loans

As a supervisor at a Washington Mutual mortgage processing center, John D ... the relentless pressure to churn out loans that produced such results. ... During Mr. Killinger’s tenure, WaMu pressed sales agents to pump out loans while disregarding borrowers’ incomes and assets [more...]

Date: 2008-12-28 04:44:56

Posts about Tri-State Real Estate (FL, GA and AL) as of January 16, 2009

Foreclosures And The Mortgage Meltdown Continues to Plague America - usreoproperties ... either being foreclosed upon or delinquent. The nation … package aiming to thaw the frozen credit ... 01/16/2009 Toyota is developing a miniature, environmentally friendly car that is powered entirely [more...]

Date: 2009-01-16 14:21:19

Making Sense of Mortgages

Making Sense of Mortgages Posted by Dark Spider at January 17, 2009 Understanding mortgages is no easy task ... ?s market there is a loan for every type of situation. Short term, long term, good credit, bad credit, no matter. Just about anyone can find financing for their mortgage needs today. Keep in mind [more...]

Date: 2009-01-17 12:08:38

Devise your own Credit Repair Plan

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... repair plan for yourself. You will start by collecting all your credit reports, bill payment statements ... the effort and take the time to get your money management and credit use habits back on track [more...]

Date: 2009-01-14 23:03:41

Fixed Mortgage Rate

Fixed Mortgage Rate January 17th, 2009 Subscribe To Our Feed Mortgage Loan Video Many people who are looking to buy a home consider ... a mortgage hanging around their neck forever but with home buyers entering the market later ... to be true. Loans agreed with a 15 year fixed mortgage keep the same interest rate throughout [more...]

Date: 2009-01-17 17:30:19

Bad bank Big risk

Constructing a Bad Bank to solve the Credit Crunch problem is too difficult in the current volatile situation ... all round the world. Some people think it is a relatively simple matter. They argue that too many bad loans are holding back the banks from lending more money. So why not, they argue, shunt all the bad loans [more...]

Date: 2009-01-17 09:50:50

Is the other shoe about to drop?

According to a December 14, 2008 segment of 60 Minutesentitled “The Mortgage Meltdown, ... is that most of the air has already leaked out of this bubble, but the bad news is that another, perhaps ... option ARM” mortgages. (See below for a brief explanation of each.) Credit Suisse estimates [more...]

Date: 2009-01-16 23:43:00

New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE

Congress So we have finally flushed most of the bad debt out of our system in 2008. The bad lenders are disappearing and lenders are feeling good about making new loans. The only ... out of it. The legislation would change allow bankruptcy judges to modify home loans in the same way that they currently may [more...]

Date: 2009-01-06 14:51:56

Why The IMF’s Decision To Agree A Lavian Bailout Programme Without Devaluation Is A Mistake

The IMF finally announced it’s Latvia “bailout” plan on Friday. The plan involves lending about €1.7 billion ($2.4 billion) ... its economic adjustment plan. The loan, which will be in the form of a 27-month stand-by arrangement ... Director Dominique Strauss-Kahn. In return for the loan the IMF have agreed a “strong package [more...]

Date: 2008-12-22 08:48:58

What The Rise And Fall In Housing Has Done

The Ventura County Star reports from California. “Thousands of Ventura County residents were pushed out of their homes last year, ... a year ago because they see the price slide continuing and ‘want to get out before it’s really bad,’ ... with programs from some of the major lenders and loan [more...]

Date: 2009-01-15 18:16:59

How to save $10,000 in 2009

How to save $10,000 in 2009 To stash away the big bucks, first chop expenses in housing, transportation and food ... to its banking roots. Bank of America falls 7% on profit worries. Mortgage Loan Basics: Interest Only Loans ... caused by the housing/credit bubble, and the gigantic stimulus packages they triggered, have created [more...]

Date: 2009-01-16 16:19:02

2008 Lookback: Of All the Nerve

Market meltdowns have a way of revealing the true nature of many people ... a Ponzi scheme, and not just as a result of trying to cover a few bad bets in 2008. Mr. Madoff ... it was not in favor of an auto-industry bailout, saying that “the American people aren’t interested in just giving [more...]

Date: 2008-12-24 09:54:00

I Meant to Do That

I Meant to Do That December 19, 2008 By John Mauldin The Fed has taken interest rates to zero. They have clearly started a program of quantitative easing. What exactly does that mean? Are we all now Japanese? Is the Fed pushing on a string, as Japan has done for almost two decades? [more...]

Date: 2008-12-20 13:29:22

Debt Management : To Manage Your All Debts

No doubt, debt effect sometime becomes very awful. It can increase your debt burden, affect your monthly budget and so on ... can be able to eliminate 100% of their credit card debts. Many agencies provide debt elimination services ... mortgage, remortgage, credit cards, home equity and through debt settlement. •Debt negotiation: Debt [more...]

Date: 2009-01-17 07:57:21

Basics of Reverse Mortgages

Basics of Reverse Mortgages Posted by Dark Spider at January 17, 2009 What is a reverse mortgage? ... profile fortune 500 bank, for whatever reason. If you have bad credit or questionable financial ... free card. It is a serious loan and therefore must be treated as one - if you know for sure [more...]

Date: 2009-01-17 00:07:33

Lost In A Sea Of Stark, Empty Houses And Vacant Lots

It’s Friday desk clearing time for this blogger. “Record numbers of Sonoma County homeowners are seeing property taxes fall, ... have been a little hard to swallow.’” “Bob DeKeulenaere says junk cars in his neighbor’s yard prevented [more...]

Date: 2009-01-02 17:57:28

Joe Strummer: My thoughts on the looming crisis

“Joe Strummer” is the pseudonym of a frequent commenter on BloodhoundBlog ... getting anything in return, it’s called inflation. Now, $1.2 trillion in new currency is bad, but not nearly as bad as when the Fed loans money to banks at a .5 interest rate. The Fed simply is printing [more...]

Date: 2008-12-21 03:05:51

Refinance Home Mortgage Bad Credit – You Can Do A Poor Credit…

In the long run, if you get a Refinance Home Mortgage Bad Credit loan it may not only decrease your monthly mortgage payment, save your home, but it can also help you get out of debt. The good thing is you can do most of your research on the Internet. Now is time to take action and do your research! Continue reading here: Refinance Home Mortgage Bad Credit – You Can Do A Poor Credit… [more...]

Date: 2009-09-28 18:42:49

What John Kenneth Galbraith Would Have Said About the Credit Crunch

John Kenneth Galbraith, renowned economist and author of the bestselling The Great Crash, 1929, died in 2006, and so he never saw the crash of 2008 ... with intelligence. We have a tendency to think that people who have made a lot of money must be intelligent, and vice-versa. Surely people who can understand CDOs must be blindingly brilliant and [more...]

Date: 2009-01-16 11:53:54

Personal Loans For People With Bad Credit

by Trinity Davidson If you need to send a child to college, remodel your house, ... loans in the amounts ranging from $3,000 to $250,000. They may require you to offer evidence ... to provide a copy of your drivers license and social security card. They will also want to see your W2 [more...]

Date: 2009-01-17 17:47:04

It’s Some Wonderful Nitpicking

There is no TV with enough pixels to rival the experience of watching a great movie in an actual movie theater. Sorry Samsung, it’s true.  I first figured this out when Fenzel and I went to see Superman at a midnight showing years ago [more...]

Date: 2008-12-23 13:39:15

The Long Mile Of The Mortgage Modification Business

The Long Mile Of The Mortgage Modification Business by Adam WhazzerWho is there to Help Those Who are Called to Provide Help? I work at a Foreclosure Defense Law Firm which happens to also engage in the practice of Loan Mods. I am not an attorney nor am I here to provide or imply legal advice. [more...]

Date: 2009-09-29 17:24:08

The Winners From the Year That Was

Jamie Dimon and Ken Lewis: Wall Street desperately needed a hero in 2008 ... , risks and questions abound. How hard will both banks be hit by the coming credit-card storm ... by hostile offers–ones that often failed. InBev’s hostile offer for Anheuser-Busch was an exception [more...]

Date: 2008-12-31 13:33:00

Role Of The Hardship Letter In A Short Sale

The Hardship Letter What happened? Seriously what happened? When you took the loan out everything was great. You were making money, your credit was good and by all accounts you appeared financially sound ... being repossessed by foreclosure? Ok, then tell us what happened. We hear this all of the time [more...]

Date: 2008-12-24 05:56:33

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