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

Blog posts (8) | Videos (13)
 

HOUSING PUSH FOR HISPANICS SPAWNS WAVE OF FORECLOSURES

For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success ... loans, which carry high interest rates and are tailored to borrowers with low credit scores or few ... multiple cash jobs, but had no savings or established credit history to allow them to qualify [more...]

Date: 2009-01-06 13:19:54

WHEN IS A 5.000 PERCENT MORTGAGE RATE REALLY 3.600 PERCENT?

Related posts:Get Extra Tax Deductions In 2008 — Pay Your Mortgage A Few Days Early For most Americans, mortgage interest paid on a home loan...Shopping for a low rate mortgage for your Danville real [more...]

Date: 2009-01-16 04:23:28

How Millions of American Will Lose Their Homes

Posted By: admin| 2009.09.29 The Option ARM crisis has not hit yet. The Option ARM is not a Sub Prime loan!! People with good credit scores and low income have this too. Reckless home purchases and refinances with no long-term goal. **Please note – 61 was assumed to be interest-only payment for this video at 00:15 seconds…so, it should of been 8% fully indexed rate instead of 7%. Doesn’t change much, just that one slide…I caught it too late. [more...]

Date: 2009-09-29 11:11:22

Home Prices - How Did They Get So High?

It seems that the real estate bubble has burst, but how did home prices get so high anyhow? ... From Low Interest Rates Take out an amortization book or find one of those payment calculators online ... paying this much in the early 80s. For example, a 30-year loan of $200,000 would cost you $2,292 [more...]

Date: 2009-01-14 06:37:08

Eliminating Debt in 5 Easy Steps

by John Major It is unfortunate that in today’s economy, debt rules all. From the deepest spots of our wallets, we have charged ourselves to the point of no return. The commercials and ads promising a better car, newer home and more of this and that are all based on lines of credit and bank loans. Our children have been raised in this economy where paying for something means a monthly payment and a low or high interest rate; this is why debt elimination is needed. [more...]

Date: 2009-09-24 11:39:25

Interest Rates are Incredibly Low! Nows the time to REFI!

We have been helping many families refinance thier homes, ... and be able to reduce from a 30 year loan to a 15 year loan for about the same payment!  Wouldn’ ... calculator to see what your payments would be, 15 years loans are in the 4.5-5% range and 30 year loans [more...]

Date: 2009-01-12 15:20:51

Interest Rates Drop Again…

Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]

Date: 2009-01-16 01:53:45

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