How money worksHave you heard the talk of the possibility of a new stimilus check to help the economy? That topic does get talked about a lot. But have you heard about this one.
President-Elect Barack Obama has bounced the idea of enacting a windfall profits tax on the excessive oil company profits to fund an immediate [...]
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 [...]
Teaching money skills to your children is becoming more important than ever. With the uncertainty of today’s economy and with the cost of everything going sky high your children need to know how money works.
My advice is to start early and teach them concepts that will help build their wealth. They need to know how [...]
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 [...]
Going away to college and leaving home for the first time. That can be pretty exciting scary, and confusing all at the same time. You are going to be faced with many new things, changes, and of course responsibilities.
You are going to learn many life lessons and probably the biggest lesson is how you [...]
I learned something new today. In difficult economic times more home businesses are started than any other time. I found that very interesting.
But then as you think about it, in these tough times most families are looking for ways to make $100.00 to $500.00 extra each month. So I can see why people turn [...]
We’ve been writing about student credit cards for college kids. We’ve been asking should college kids have a card, how do they manage a card, and then just writing general thoughts about student credit cards.
Many college kids come out of college with student loans of more than $20,000.00 and many are facing credit card [...]
