What’s Up With Home Prices?

May 26, 2009

Not much is up with home prices according to the Standard and Poor’s Case Shiller Home Price Index. In fact, in the first quarter of 2009 the index showed the largest year-to-year quarterly decrease ever recorded. Although many real estate professionals continue to tell their clients that the real estate market has turned the corner, detailed analysis [...]

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Credit Card Reform And The Average U.S. Consumer

Just last week, President Obama signed into law the highly anticipated credit cardholder’s bill of rights. In case you missed our previous posts, this recent legislation aimed to restrict practices that contributed towards many consumers’ financial problems during our recession. Below you will find a quick breakdown on how this reform will affect the average [...]

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The Science of Today’s Mortgage Rates

May 19, 2009

Almost every day we can read in the newspaper another story about the real estate market. Most of it seems like bad news. Foreclosures and falling home prices are two of the biggest culprits of the real estate market debacle. So what can the average American family do about the predicament? Keep it simple. Understand [...]

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Weekly Credit Card News Recap

May 17, 2009

The past few weeks have been full of released data reports, credit card debt legislation, and consumer sentiment updates. In case you missed any of the recent news updates, here’s a quick recap on consumer credit card debt to get you up to speed.
Senate Expected to Pass “The Bill” This Tuesday
The highly anticipated Credit Cardholder’s [...]

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Loan Modification Companies: Separating the Saints and the Sinners

May 13, 2009

President Obama met the foreclosure crisis head-on with an ambitious loan modification program aimed at keeping Americans in their homes. The theory is that the social cost of foreclosures to taxpayers may be greater than the cost of subsidizing loan modifications. It also sounds like the right thing to do. Even if a family made [...]

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3 Things To Consider Before Consolidating Your Debt With A Mortgage

May 12, 2009

Oftentimes, credit card debt consolidation is simply presented as a cure all debt solution. The low rates and simplified monthly payments are often praised, but individuals also need to realize the possible consequences as they can become very real. The most important issue presents itself to homeowners and individuals considering debt consolidation through a mortgage.
1. [...]

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Before You Refinance Ask Yourself a Question

May 5, 2009

When you talk to a mortgage broker you can expect that they will ask you a lot of questions. One of the simplest questions the broker will ask is: How long do you expect to live in your house? Mortgage brokers report that, surprisingly, this important question can just absolutely baffle people. However, it’s no wonder that [...]

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5 Things Credit Cardholders Could Look Forward To in 2010

May 4, 2009

The Credit Cardholder’s Bill of Rights
Struggling with credit card debt? Looking for some form of debt relief? Well, luckily for you, the House of Representatives just recently approved a piece of legislation called the “Credit Cardholder’s Bill of Rights”. With a vote of 350-70, this bill hopes to help consumers deal with existing credit card [...]

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