MortgagesWith 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 [...]
This article was written by Aaron VanTrojen of Geneva Financial in Phoenix, Arizona.
The recent government bailout of Fannie Mae and Freddie Mac, and the $700 billion dollar proposal to bail out the financial markets is being sold to the public as a means of helping the homeowner. The question is, has it or will it [...]
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 [...]
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 [...]
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 [...]
Are student credit cards a good idea for college students? As kids are getting ready to go to college is a student credit card a good idea? I know I have heard both sides of this debate.
As a parent your fear is that they will abuse the credit card and get themselves into a huge [...]
Should you prepay your mortgage? I actually saw this on a forum at Diane Kennedy’s TaxLoopholes.com and thought it was pretty interesting. The link to the article is: http://www.bankrate.com/nltrack/news/DrDon/20080521_mortgage_prepay_a1.asp?ec_
I think it is a great question. There is part of me that always says to get out of your payments as fast as you can. But [...]
If you are in the real estate business or if you have been trying to find a mortgage for your personal home you have probably found out that the mortgage industry has been going through many difficult changes. Just a couple of years ago it was pretty easy to find a 100% owner occupied mortgage. [...]
