World Peace threatened by queers: Pope
VATICAN CITY (RNS) Nuclear arms proliferation, environmental pollution and economic inequality are threats to world peace — but so are abortion, ... and display it.Aspire credit card customer service Advance cash loan payday Consolidation debt five free in Washington mutual home equity loan Low rate home equity loan Washington mutual home [more...]
Date: 2008-07-03 08:49:09
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Top Ten Things to Know if You’re Interested in a Reverse Mortgage
Reverse Mortgages are becoming popular in America. The U.S. Department of Housing and Urban Development (HUD) created one of the first ... that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan [more...]
Date: 2009-01-15 19:53:15
Is a Home Equity Second Mortgage Right for You?
Second mortgage Home equity loans are an extremely popular source of credit. Lenders offer dozens of varieties of loans making it very easy to tap the equity in your home ... equity lines that come with fixed interest rates. Many lenders charge upfront fees and large amounts [more...]
Date: 2009-01-14 08:44:29
The Insurance Value of High Home Equity
Awhile back, I talked about how home equity serves as insurance against unexpected costly events, ... welfare payment develop where home-owners cash in on their homes, in boom times: to support children ... home – is a factor in the recent escalation of personal debt. However, these findings also suggest [more...]
Date: 2008-12-11 08:33:00
Home Improvement Home Equity In Disguise
Author : Melissa Kellett When you want to improve your home, the cost of materials and various expenses begin to add up to enormous sums You want to get it done all in one go, instead of spending six months or more with sand, sawdust and a stink of paint all over the house Solution, a home improvement loan It's A Long Deserved Prize You and your family deserve this treat, after waiting for a number of years The kids have grown up, but their marks on the walls, doors and ceiling are still [more...]
Date: 2009-09-26 07:31:07
Home Equity Financing Options - Should You Get a Home Equity Loan?
div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... for consolidating or eliminating high interest credit card debts. This way, you are able to pay off ... access to emergency cash may opt for an equity line of credit. However, if you are not interested [more...]
Date: 2009-01-12 15:30:50
30-Year Mortgage Rate Falls Below 5%
Just when you thought mortgage rates couldn’t get any lower, they did ... guides on how much you should spend on a home and the basics of home equity loans and lines ... their credit might not be up to par, but they might lack sufficient home equity. The “underwater” problem [more...]
Date: 2009-01-15 09:49:00
Thinking Of A Mortgage Loan Modification? Evaluate Your Current…
Homeowners have different reasons why they need a mortgage loan modification. Many are prompted to apply for a new loan because of lower interest rate. Some are changing from adjustable rate to fixed rate. Others want to tap the equity of their home for home improvement, take a vacation or pay for college tuition.But whatever it is, mortgage refinancing provides an opportunity to save money. But how will you know if you can really save by refinancing your current loan. [more...]
Date: 2009-09-29 17:48:03
Fast Home Equity Loans - Getting Approved Online
div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... the interest on the outstanding amount./font/divpA home equity loan is a great way to put extra cash ... or taking a long overdue vacation. If you are looking to get a home equity loan, consider applying [more...]
Date: 2009-01-15 19:15:47
Home equity line for real estate investing?
by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... then most credit cards. This fact alone makes it ideal ... Line of Credit? With a normal loan, which deposits a set amount of money in your account and begins [more...]
Date: 2009-01-14 10:27:43
Swindlers Find Growing Market in Foreclosures
Patti's Comments: Just a warning to be careful out there folks! From The New York Times: (click for entire article) ... , defrauders tried to bilk homeowners out of the equity in their homes. Now, with that equity often ... to modify loans but often do nothing to stave off foreclosure. The Federal Trade Commission brought [more...]
Date: 2009-01-15 22:23:58
The Latest Home Mortgage rip-off.
If you or someone you know is in danger of losing their home and is considering paying someone to renegotiate their mortgage they need to read this ... to bilk homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting themselves as “foreclosure rescue companies” that charge upfront fees to modify loans [more...]
Date: 2009-01-15 18:14:17
Swindlers Find Growing Market in Foreclosures
January 15, 2009Swindlers Find Growing Market in ForeclosuresBy JOHN LELANDAs home values across the country continue to plummet, ... desperate to avoid foreclosure.Until recently, defrauders tried to bilk homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting themselves as “foreclosure [more...]
Date: 2009-01-15 16:57:51
Be Careful of Foreclosure Rescue Companies
There will always be people who want to separate you from your money ... t equity any longer, they charge up front fees. Be very careful before you hire anyone to help ... homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting [more...]
Date: 2009-01-15 17:07:02
Word of Warning, Just When You Thought It Couldn't Get Worse.
There will always be people who want to separate you from your money ... equity any longer, they charge up front fees. Be very careful before you hire anyone to help ... out of the equity in their homes. Now, with that equity often dried up, they are presenting [more...]
Date: 2009-01-15 16:40:19
Using Your Home As A Second Job
Today's LA Times has a very good article by Peter Hong with an unfortunate title: "Don't bank on your home as an ATM" . The notion that Californians took equity out of their homes during the bubble earlier this decade and spent it on frivolities like cars and vacations is a widespread belief. "Using a home as an ATM" is the way this practice is derogatorily described on many of the otherwise excellent housing blogs that have charted the collapse of the real estate bubble. [more...]
Date: 2009-09-27 21:11:10
Retail Sales Sends Markets Spiraling
Retail Sales Sends Markets Spiraling The markets were greeted today with an economic report that disappointed even negative expectations ... are unwilling to lend much additional capital, and home equity loans are not nearly as available ... . As home prices decline, consumers “feel” poorer and are unwilling to spend as lavishly. Also [more...]
Date: 2009-01-14 17:15:00
Games Lenders Play, Part VII - Selling Mortgage Accelerator Programs
I thought I'd share this with you as an example of the sort of mind set to beware ... to go ahead, a HELOC (DM: Home Equity Line of Credit) is required to implement the program, so they will need YOU to arrange an "Advanced" (Home Equity) Line of Credit for them (earning you a fully [more...]
Date: 2008-08-05 13:51:55
Is it time to lock in our Home Equity Line rate? I'm Stuck!
average equity loan rate There's not many things i dislike about personal finance, but trying to "time the market" is definitely one of them! ... rate is lower than ANY OF OUR OTHER LOANS. It beats out our 1st mortgage, our car loan ... Similar to my car dilemna, now going on 4 months w/out a decision, it's enough to drive a person [more...]
Date: 2008-06-20 16:18:18
Equity Line of Credit:Is this the Answer to Your Financial Needs?
by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... Line of Credit? With a typical loan, which deposits a set amount of money in your account and begins ... asking for a new loan when you have paid it back. What can the HELOC be used on?? We can all find [more...]
Date: 2009-01-05 19:12:07
How an excessively low valuation can leave you feeling really down
Long-time homeowners coming to the end of mortgage deals are being forced to take more expensive loans than they had planned for because of ... is that remortgaging homeowners who mistakenly bank on high levels of equity are instead having to take ... to those with at least 25% equity in their home. Sellers counting on an inflated selling price to help [more...]
Date: 2008-12-21 00:04:09
Posts about Foreclosures as of August 2, 2009
Reverse mortgages to the rescue – instantloanreview.com 08/02/2009 Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income to help them ride out hard times. For Frank and Carol Rider, a reverse mortgage is providing a cushion, giving their investments time to recover from the bear market. [more...]
Date: 2009-08-02 12:05:22
The Truth about Debt Management Plans
by Jon Ochs In my years of experience in the industry, I have found that most people are looking for a debt relief option that does not exist ... Consolidation: Debt consolidation is, in nearly all cases, a home equity loan or second mortgage ... . Because these programs rarely ever do what they claim, and many credit card companies no longer endorse [more...]
Date: 2008-09-21 12:49:13
Bretton Woods 2, R.I.P.
A wide range of commentators, including your humble blogger, have worried about the clearly untenable system known as global imbalances, ... central bank is not lending to credit card issuers and banks that provide home equity loans. China buys ... eliminate the need to buy Treasuries to keep the currency low, but would also considerably reduce [more...]
Date: 2008-10-22 08:47:01
WOULD YOU BE WILLING TO INVEST IN A HIGH RISK LOAN FOR 28.75 % IF YOU KNEW THE PERSON HAD A GOOD JOB?
We have over 80,000 a year as well as we have a bad credit rating since of a illness emanate as well as a small not so intelligent choices. We have been perplexing to get a loan to compensate off all upon a credit (less than 7000.00) not counting a automobile loan (up in FEB 07) as well as a residence (we owe110,000 as well as it is value 135,000, though can’t get a home equity loan in TX b/c of a refiance usually 80% law.) We can means a remuneration of up to 475.00 a month. [more...]
Date: 2009-09-29 00:45:13
Hepzibah Tales
Talking about money management and budgets is not something I enjoy. I’d rather discuss dismemberment, or the landscape of Idaho ... of the condo, plus some child-related debt. I did pay off all my credit cards, from the home equity ... , Georgia called Hepzibah. In the 1930’s and 40’s, when he was growing up, it was a collection of houses [more...]
Date: 2009-01-14 03:33:40
Is Fiscal Policy the Magic Bullet?
Last February I wrote to you about how mistaken it was to see monetary policy and Fed intervention as magical cures for structural and solvency ... , permanently high home prices and endlessly expanding equity multiple bubbles. Why? Can't ... that terrified investors - many from overseas - will loan to us at shockingly low rates of interest [more...]
Date: 2009-01-06 16:22:32
Walking Away Relieved When Deals Were Rejected
The Philadelphia Inquirer reports from Pennsylvania. “This is supposed to be a buyer’s market ... , but don’t close a deal. Sellers sit and wait, confident that someone will pay their price - eventually.” ... We refinanced and took out a home-equity line of credit several years ago to help make ends meet [more...]
Date: 2008-11-21 15:50:35
Class Warfare
I’ve been writing about this for years, but since most of the top-level bloggers aren’t really familiar with Paycheck World, they didn’t. Oh well! ... in in their paychecks so they were forced to pay for their lives through credit–either plastic or drawing down equity from their homes. There are lots of reasons that this happened–greed, the attack [more...]
Date: 2009-01-07 13:31:45
Mortgages Market Update: 01/09
Before I begin I would like to apologize for not posting anything in a while, it has been a little crazy here in the mortgage world (thank God) ... ! If you have a mortgage that is over 6.00%, a home equity, and you are not over the limit of $625,500 (NYC and many other counties nationwide) you should contact your mortgage loan officer/broker to refi! [more...]
Date: 2009-01-02 16:45:46
Handling Your Debt - What Tax Implications Are There?
by William Blake Sometimes when considering different ways to handle debt some fail to consider how some options may have a better tax benefit than ... to finance just about anything - an auto purchase, repayment of credit card debt… you name it. Even if your home equity loan has the same interest rate as your credit card it is still the better [more...]
Date: 2008-09-18 18:16:28
Do it yourself Credit Repair
by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... . You don’t need to rush into “debt consolidation” or “home equity loan.” You can work out a strategic repair plan for yourself. You will start by collecting all your credit reports, bill payment statements [more...]
Date: 2009-01-08 17:46:16
Devise your own Credit Repair Plan
by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. You will start by collecting all your credit reports, bill payment statements, and credit card [more...]
Date: 2009-01-14 23:53:58
Debt Payoff Refinance - Mortgage Rate and Tip For 1-7-09
Real Mortgage Rate and Tip For Today One min. Podcast Ask Terri A Question - Click Here! ... like credit cards or car loans. You can’t use all of your equity. There has to still be 10% equity left in your home or an loan to value of 90%. These used to be very popular right after the holidays to payoff [more...]
Date: 2009-01-07 16:31:45
Will a short sale hurt my credit score?
When I meet with homeowners who are struggling with their mortgage are maybe behind on payments and have no equity in their home, ... or foreclosure on one’s credit report. I recently came across some great information provided by a mortgage ... my report and if it appears that their only option is to sell their house in a short sale, I always [more...]
Date: 2009-01-15 20:14:24
Letting go of the old and moving on to the new
Welcome to 2009.2008 was quite a year for us. So many exciting things happened, there are things that I haven't even written about yet. Yikes! ... for something NEW!Debt reduction and elimination is our other main focus this year. This is the continuation ... of credit card addiction. It's that other debt we are looking at now: student loans, home equity [more...]
Date: 2009-01-05 04:25:00
Mortgage Rates — More Changes Coming Soon!
Mortgage rates have improved but continue to be volatile. Today’s rates are actually up about 0.125% from yesterday ... in order to make sure their loans will be purchased from Fannie without having to absorb the price ... ? Those with 40% down (home equity), 740 plus credit scores with taxes and insurance included [more...]
Date: 2009-01-09 21:22:08
BANKS FACE ANOTHER BAD YEAR IN 2009
Rising loan losses, the threat of more regulation and tougher competition adds up to another year of poor profits for banks BY DAVID ELLIS ... a significant deterioration in the health of their credit cards and home equity loan portfolios ... and business loans are starting to surface as well. “There is loan quality deterioration across [more...]
Date: 2008-12-22 15:14:10
Why Does Paulson Want Us to Keep Piling up Debt?
Bailout Nation turns to consumers today, as Treasury Secretary Henry Paulson prepares to announce a new program to encourage lending for auto loans, ... to complain when consumers finally get their turn. I know we need to get credit moving to help the economy ... the last decade piling up debt, taking out equity from their homes to spend [more...]
Date: 2008-11-25 14:40:19
No Home Equity Often Means No Health Care
Many people have dealt with rising healthcare costs by borrowing against their home. Now that’s gotten tougher, and so is paying the medical bills ... scrapes and stumbles led them to amass a pile of credit card debt and forced them to refinance ... because of medical issues. The connection between medical debt and the current credit crisis isn’ [more...]
Date: 2008-10-28 15:09:05
Home Equity second mortage Loans - Good For Building
Homeowners sometimes find that after they have moved into their dream home, ... mortgage. This extra money you take out against the home can be used to pay off credit card debt, medical ... as a way to improve the atmosphere of the home. Others will use it to consolidate their bills [more...]
Date: 2009-01-14 07:53:00
Can You “Walk Away” with a HELOC?
A growing number of homeowners are walking away from their homes, giving their keys and their worries to the bank ... . Homeowners living in a “recourse state” will still be responsible to pay off their home equity line ... into an unsecured loan that you will continue to pay over the next decade or two. You’re paying [more...]
Date: 2009-01-16 03:11:52
Goldman Sachs Predicts Loan Losses Will Top $2 Trillion
Despite all the hoopla about stimulus plans and bailouts rescuing Americans’ home equity and retirement accounts, ... — the losses that investors and financial institutions are potentially sitting on from bad loans… ... of $780 billion. Add in losses from commercial real estate, credit cards, auto debt and business [more...]
Date: 2009-01-15 23:05:05
Do it yourself Credit Repair
by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]
Date: 2009-01-08 16:17:07
Do it yourself Credit Repair
by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]
Date: 2009-01-14 23:18:56
Debt Management: Forget about the Past
Not one person in this world can live without making mistakes. Mistakes are palpable regardless of how good or experienced you are ... ways: debt consolidation loan, home equity loan, use a debt settlement company or bankruptcy ... our debts. In fact, we can commit the most mistakes when it comes to debt management as this involves [more...]
Date: 2009-01-04 16:23:11
Free Suze Orman Book, Business Tax Software, and More!
I’m always looking at monthly services that we have and finding ways to pay a little less ... . The goal is to facilitate $100 million in loans to American families and businesses. You can vote ... Your Home Equity Lines of Credit (HELOC) From Being Frozen: Max It Out? Buy A Foreclosure For Under [more...]
Date: 2009-01-14 14:29:46
Eliminate Debt: Get Back On The Road To Financial Independence
Everybody wants to attain financial independence but are tied down because of debts and lack of financial planning ... to credit cards, car payment, mortgage, student loans, personal loans, home equity, and other bill ... are as long as the one I mentioned above, then debt consolidation might be the best choice. The third [more...]
Date: 2009-01-12 06:32:10
Refinancing vs Line of Credit
Refinancing vs line of credit are two popular options you have when deciding the best way to take equity out of your home. Sometimes it makes sense to establish a line of credit. But in other situations it’s better to get a cash back refinance mortgage loan. You can find out which loan is best for your situation by doing some simple math [more...]
Date: 2009-01-09 03:29:21
Don’t Raid Your 401(k) to Make Mortgage Payments
What’s worse than not being able to make your mortgage payments? How about tapping into retirement savings to make ends meet? ... out a home equity loan. “People had wiggle room by borrowing on their houses, and it just isn’ ... that if you’re really desperate to use the money in your 401(k), you’re better off taking a loan [more...]
Date: 2008-06-04 20:00:54
