Steps To Stop Recession For Governments, Companies & Individuals

Decrease in personal consumption, over spending, exorbitant imports, inflation, cyclical economy, high interest rates, sky high energy prices, trade deficit, consequent wars, subprime mortgage crisis, massive personal debts and debt trap ... disposable income, reducing per capita debt level, balancing interest rates, ensuring an atmosphere conducive [more...]

Date: 2008-12-22 13:19:11

Blog posts (152) | Videos (126)
 

Should I Refinance? PowerShell the Financial Advisor

When it comes to personal finance, research and reading sometimes can’t answer all of your questions ... rates sinking, now’s a good time to evaluate a mortgage refinance. The online calculators help ... . At 5%, you’re paying $585 per month. However, All of the re-finance quotes and calculators put [more...]

Date: 2009-01-10 07:17:11

The Daily Dozen

Is government spending too easy an answer? I think so.The incredible shrinking inauguration crowd ... announcements.With interest rates a 37-year low, should you refinance your mortgage? In a word -- yes.7 ... this for a while now. If the government had not been subsidizing housing through mortgage tax breaks [more...]

Date: 2009-01-12 13:16:00

Re: Edwards to speak publicly again

Senator John has been a modern day Paul Revere. I remember his July 2007 Coopers Union speech where he tried, oh so gently, ... national laws protecting us against the worst abuses in credit markets predatory mortgages,abusive credit card terms, and payday loans with interest rates of 300 percent or higher. Finally [more...]

Date: 2008-11-11 06:22:53

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you. Homeowners refinance their mortgage for many reasons and these include eliminating private mortgage insurance, receiving cash out at closing, obtaining a fixed rate, and so forth. Since home loan [more...]

Date: 2009-01-02 16:59:45

Bailing Out American’s Credit Card Debt

We have been hearing a lot of talk lately about bail outs.  We bailed out Wall St ... collection agency than Uncle Sam. The end results ... for $16,635 in debt, excluding mortgages, according to Experian.  The average credit card interest rate [more...]

Date: 2009-01-09 08:20:46

Trepidation About Quantitative Easing, Version 2.0

The Fed made official its move to quantitative easing today, and said it will take no prisoners until it has lowered rates and credit spreads further ... of agency debt and mortgage-backed securities to provide support to the mortgage and housing [more...]

Date: 2008-12-17 10:28:49

It Was Getting Like California

The East Valley Tribune reports from Arizona. “The mortgage crisis is emptying out East Sierrita Road ... with an adjustable rate. ‘There are just all these little loopholes that, at the time, you don’t pay attention [more...]

Date: 2009-01-09 15:18:09

Time to Refinance?

It’s a good thing I don’t have a job! Or else I’d be refinancing again… I think in the past 7 years, we’ve had 3 houses, and at least 8 mortgages! ... d break even in about 16 months. More about our mortgage is described in The Perfect Ten Year Mortgage. Here’s another good break even calculator. Where to Look for Best Rates If you are shopping [more...]

Date: 2009-01-15 14:29:45

Rethinking The Early Mortgage Payoff

By Julie Rains The borrow-at-a-low-interest-rate-and-invest-to-get-greater-returns mentality was so embedded in our ... mortgage payoff question is: if you weren't using your money to pay off the mortgage, what would you be using the money for? Here are some alternative uses of extra cash: Pay off non-mortgage debt [more...]

Date: 2009-01-09 15:41:42

Loan Modifications Reamortize, Don’t Affect Fixed Rates

I just got off the phone with Patty at BB&T Mortgage, who walked through all the options I had with them with regards to my mortgage. She was extremely courteous and explained everything in great detail, great loan officer. The one big bit of advice I learned was that a loan modification isn’t what I thought it was. Loan [more...]

Date: 2008-12-22 17:08:36

Taking Advantage of Low Rates

Continued unrest in the Middle East, unemployment rates at the highest level in recent memory, ... score and a favorable loan-to-value ratio on my house, which will allow me to get the lowest rates ... that don't take advantage are squandering a golden opportunity. My monthly mortgage payment is going [more...]

Date: 2009-01-12 20:56:00

Fed Move Takes Rate Markets Into Unexplored Terrain

The Federal Reserve’s unprecedented switch to a range for its key target rate has propelled rate markets into uncharted territory ... of programs, from purchases of agency debt to mortgage-backed bonds to the possible purchases of Treasurys [more...]

Date: 2008-12-17 17:00:26

Property expert: Can I lend or donate money to my children?

Q I am over 70 and have at least £100,000 in an e-savings account, as well as £35,000 in fixed-rate bonds ... to reduce their outstanding debts, but would it be better to concentrate on the fixed-term loan ... at a rate of interest that is lower than that they are being charged by their mortgage lenders [more...]

Date: 2009-01-14 00:10:01

How Our Gutless Media Helped Trigger the Credit Crisis

By Trudy Lieberman, Columbia Journalism Review. Posted November 20, 2008 ... on a card issued by another lender. This practice has caused credit-card rates for some people ... and helping to pile on debt that has contributed to mortgage foreclosures. But then-Governor Eliot [more...]

Date: 2008-11-21 01:28:57

Is a reverse mortgage a good thing??

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds a little odd ... s age, equity of the house, interest rate on the loan, closing fees, and a few other factors ... is so these questions can be answered. The name is somewhat confusing. A reverse mortgage is a loan [more...]

Date: 2009-01-06 22:24:09

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

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

Fannie and Freddie to Announce Mass Loan Modification Program

re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit.  Paying your bills on time only accounts for 30 [more...]

Date: 2008-11-11 19:02:07

WebHostingBuzz

Ratings For This Site Rating: ★★★★★ About This Site WebHostingBuzz: ... it matters - on WebHostingBuzz. * We’re debt free. No loans, no mortgages and cash flow positive. We’ve [more...]

Date: 2009-01-08 07:22:27

Use A Mortgage Calculator To Find The Best Deals

by Dan Winters The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about it, here’s your opportunity. Interest only payments do not include any form of repayment vehicle such as an ISA or endowment or any life cover costs. The mortgage repayment cost includes capital and interest payments but makes no provision for life cover costs. Interest rates can fluctuate during the course of a year. [more...]

Date: 2009-07-22 09:58:46

Stop Foreclosure Now Using These Suggestions

High foreclosure rates are a sad indicator of the condition of our economy ... your minimum monthly payment. Mortgage lenders can make a loan modification to make your mortgage [more...]

Date: 2009-01-11 13:44:56

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

Posts about Mortgage Market Report as of January 14, 2009

Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Bank $100 Checking Offer Roth IRA vs Tradtional IRA CD Ladder Calculator Imperial Capital Bank’s iMoney Market Checking Mortgage Foreclosure Resources … Money Market Account Financing a Car Purchase [more...]

Date: 2009-01-14 12:23:49

? Subprime Mortgage Foreclosures: The Importance of Reading the Fine Print

by Michael Geoffrey If you don’t have good credit, you can still own your own home. This is the offer that many people noticed a few years ago ... served foreclosure paperwork, threatening eviction if they were not able to pay off their mortgages ... . These people rushed to get their own homes and signed up quickly for their low interest rate [more...]

Date: 2009-01-14 20:15:08

Should I Pay Down My Mortgage FASTER ???

Homeowners who find themselves with extra cash may be considering paying down their mortgage. While this can help some people in certain situations, like seniors close to retirement age ... interest rates, to use extra money to pay down high-interest debt and build up an emergency fund. [more...]

Date: 2009-01-16 02:36:39

What is a reverse mortgage?? Do I want it?

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds like a strange thing ... is so these questions can be answered. The name is somewhat misleading. A reverse mortgage is a loan ... citizen’s income. The amount depends on the homeowner’s age, equity of the house, interest rate [more...]

Date: 2009-01-10 00:52:47

Stop Foreclosure Now Using These Suggestions

High foreclosure rates are a sad indicator of the condition of our economy ... a loan modification that can make your mortgage terms more affordable. Find a foreclosure help [more...]

Date: 2009-01-15 10:52:42

Refinancing? Try Pentagon Federal Credit Union (PFCU)

With rates plummeting these days, many people are choosing to refinance ... broker. The winner: Pentagon Federal Credit Union To get a mortgage, you must join the credit union.   You can do this for free if you or a family member served in the armed forces and has proof [more...]

Date: 2008-12-20 07:10:32

Stop Home Foreclosure Now By Applying These Steps

High foreclosure rates are a sad measure of the condition of our economy ... . Credit Card companies will often reduce your minimum monthly payment. Mortgage lenders can make a loan modification that can make your mortgage terms more affordable. Find a foreclosure specialist [more...]

Date: 2009-01-12 09:34:41

Stop Home Foreclosure Now Using These Steps

Escalating foreclosure rates are a sad measure of the condition of our economy ... Card companies will often reduce your minimum monthly payment. Mortgage lenders can make a loan [more...]

Date: 2009-01-14 03:26:43

Of Chicago, the Olympics, and America in 2016

Satire by John W. Lillpop President Obama has once again made it perfectly clear why this White House gig is just not working out. At least not for the American people. Under Barack Obama, the national unemployment rate is close to 10 percent; the national deficit is nine trillion dollars and counting; in some quarters, the dollar is being used to line bird cages; the housing market is bracing for Phase 2 of the Great Mortgage Meltdown as millions of "Option Arm" loans are due to be reset; [more...]

Date: 2009-09-29 16:42:00

Alt-A and ARM resets could trigger another crisis!!!

We are winding down out of subprime and going into Alt-A and ARM resets. We have government funding for homes in two ways. One, incentives with lower rates and tax credits, but, there is more. The GSE’s are allowing loans that are 105% and where the monthly debt to income is over 60%. These loans have high default rates and we will pay the price as unemployment stays high. quote Let’s look at a few facts: The Fed is literally the entire mortgage market. Yes, really. [more...]

Date: 2009-09-29 18:15:58

Mortgage And Loss Mitigation Information

By Randy Scott The plan will likely c home loan modifications, and discourage foreclosures, perhaps even having a positive impact on prices and foreclosure rates. According to the latest numbers, pricing on single-family homes in the top twenty metropolitan areas in February had dropped by at least 18 percent from the year before, but the rate of change has slowed showed some hope for the distressed housing market. [more...]

Date: 2009-09-27 23:03:27

How the Recession Affecting the Loans Market

If you are looking for a loan or line of credit be ready to be depressed. The fact is that even if you have a perfect credit history, you’re likely to be offered a smaller loan than you applied for at an interest rate far higher than you’d ever expected. And there are likely to be onerous conditions attached. Take homebuyers for example. Over the last 18 months, the number of mortgage packages on the market has fallen from 30,000 to just over 2,500. [more...]

Date: 2009-09-11 01:49:24

Investors appear uncertain about Moody's

The mounting regulatory pressure on Moody's Investors Service and the other major credit rating agencies appears to be making investors nervous. Regulators and lawmakers have proposed new regulations to reduce conflicts of interest and improve transparency in the $5 billion-a-year industry because of its role in the subprime mortgage mess, and Congress plans to hold hearings on Wednesday. [more...]

Date: 2009-09-29 20:54:00

Want To Refinance? Good Luck

Interest rates are at historical lows so many homeowners are calling banks and trying to get in on the action. Only problem? ... to sales and mortgage data analyzed by Zillow.com, a web-based real estate services firm. Many ... afford the payments. Justin Miller, a broker with Resource Mortgage Group in Plantation, said [more...]

Date: 2008-12-26 19:33:05

Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage

Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]

Date: 2009-09-29 18:16:17

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

Researching A Refinance

Refinance now, secure your future! When the Fed dropped its target federal funds rate to 0.00% - 0.25%, one of the other things it said was that it would be buying up long term debt. This, coupled ... like we’ve hit that sweet spot to at least warrant investigation. Our Mortgage Situation My current [more...]

Date: 2008-12-22 14:43:01

Does It Pay to Re-Finance?

Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]

Date: 2009-01-08 14:49:52

Keeping Your Mortgage Interest to a Minimum

When it comes to buying a home and taking out a mortgage, the fact is that the interest you pay will likely be your biggest expense ... things you may not have thought of. Before applying for a loan, many people close credit card ... their lowest interest rates for those with the very best credit scores and credit histories [more...]

Date: 2009-01-15 02:50:33

Four Quick Ways to Build A Strong Credit Rating

#fullpost{display:inline;} ... of our card accounts. We can make it a goal to pay off our credit card bills in full at the end ... for a time-dependent loan, say a mortgage. The Federal Law entitles us to one FREE annual credit [more...]

Date: 2008-11-18 05:21:00

Mortgages: 2009 Advice

Mortgages: 2009 Advice Mortgages: 2009 Advice With all the doom and gloom over housing, ... . Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan ... and borrow now. During ordinary times, one loan is about as good as another because most lenders [more...]

Date: 2009-01-12 11:16:01

Mortgages: 2009 Advice

Mortgages: 2009 Advice Mortgages: 2009 Advice With all the doom and gloom over housing, ... . Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan ... and borrow now. During ordinary times, one loan is about as good as another because most lenders [more...]

Date: 2009-01-11 09:14:24

Is It Time to Refinance?

Is It Time to Refinance? Written by Credit Karma January 9th, 2009 at 7:09 AM CST 2 comments ... . Have the Proper Debt-to-Income Ratio. In the housing boom, debt to income ratios (DTI) were pushing 50 ... your score. Have Equity in your Home. Like the subprime mortgage, 100% financing is generally no longer [more...]

Date: 2009-01-08 17:50:03

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

california home loan mortgage second

Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]

Date: 2009-01-14 05:07:26

Constitution Party: ‘The mortgage thieves return’

Reposted at http://www.constitutionparty.com/news.php? ... spectacle of bad actors descending on a government program fat with new money and starved ... and proof of an ability to pay the money back. These were boring 30-year fixed-rate loans. Now FHA [more...]

Date: 2009-01-07 18:25:37

European Central Bank cuts key rate to 2% - MarketWatch

England and no interest loans, I think they just got a bit closer to that. But remember, it’s not going to happen in the United States! Tom Post from: Straight Talk About Mortgages and Real Estate [more...]

Date: 2009-01-15 13:30:24

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