creditWith the economy still in a downturn I thought I would share what the thoughts are with the second stimulus package.
If the first stimulus package of $700 billion is not enough to get the economy moving the Congress is very likely going to vote on stimulus number two shortly after the presidential election.
Here is [...]
Today’s mortgage lending is changing almost overnight. As a real estate investor you have to understand what the strategies you will need to invest in real estate. Because non owner occupied loans carry a higher risk, lenders are now doing everything in their power to limit that risk.
Aaron VanTrogen from Geneva Financial has been [...]
This week the government announces their bailout of Wall Street with the proposal to buy up as much as $700 billion of illiquid mortgage assets. This proposal is the most sweeping intervention in the financial markets since the Great Depression and is aimed at stemming the credit crisis on Wall Street.
The proposal states for the [...]
I was reading a post at Generation X Finance the other day about how much money people typically carry on them. I wasn’t surprised to see that most people do not carry very much money on them.
There are many times I do not have any money on me. I typically carry between $20.00 to $30.00. [...]
Facing uncertain financial times and health challenges senior citizens are claiming bankruptcy at a higher rate than ever before.
The Consumer Bankruptcy Project examined a sampling of noncomercial bankruptcies filed between 1991 and 2007. The filing rate for people under 55 has gone done while people 65 and up has doubled and people over 75 [...]
The U.S. Government announced Sunday it was taking control of Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac suffered almost $14 billion in loan losses last year. Yet the two companies are so important to the mortgage market as the U.S. credit crunch has gotten worse. Many lenders are unwilling to make [...]
Your credit score is so important and especially so in today’s economy. If you have an above average or excellent credit score it is so important to maintain your score. If your score is average or below you should be working on ways to improve your score.
Raising your score does not come over night but [...]
If you are trying to raise your credit score you first should know how credit scores are determined. Who you are or where you come from does not determine what your credit score is.
Five things are looked at in determining your score. However, two things make up 65 percent of your credit score.
Payment History
Payment history [...]
Your credit score is one of the most important things in your financial life. You need to know your credit score, what is on your credit report, and how the banks look at your credit score.
Your credit score is a three digit number and is designed to show how likely you are going to pay [...]
