3 New Debt Relief Ideas

May 26, 2010

If you are weighted by debt, help is nearby. These 3 new debt relief ideas will jump start you toward stronger financial health.
Stop Paying High Interest Rates On Credit Card Debt
A credit card company, like any other business, is constantly trying to attract new customers. Shop credit card offers frequently. New deals are available periodically [...]

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Falling Mortgage Rates: A Good Time for Buying, Refinancing

May 24, 2010

Lower mortgage rates provide a great opportunity to find affordable home loans to purchase or refinance. It’s possible that lower rates can help with buying a larger home or lowering monthly payments.
Don’t Overlook Adjustable Rate Mortgage (ARM) Loans
Although low rates traditionally encourage borrowers to lock in fixed rates, there may be good reason to consider [...]

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Start Saving More In Three Steps

May 19, 2010

Saving money is more important these days. The economy is barely growing and unemployment is high. Credit is not as easy to get as it was a few years ago.  Saving money for a rainy day isn’t easy. But, if you follow these three steps, you can start developing good financial habits and soon you [...]

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Your “Right” ARM: Reasons for Refinancing to an ARM Loan

May 18, 2010

With mortgage rates remaining low,  a majority of homeowners are choosing to refinance into fixed rate mortgage loans (FRMs) that provide stable interest rates and P&I payments. In his blog, The Mortgage Reports, Dan Green offers some compelling reasons why refinancing into an adjustable rate mortgage (ARM) can be a great choice for some homeowners.
Adjustable [...]

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FHA “Short Refinance” Provides Life Preserver for Underwater Homeowners

May 12, 2010

A recent edition of 60 Minutes featured a report on homeowners who are walking away from homes worth far less than their mortgage loans. This is not an easy solution because mortgage lenders foreclose on abandoned homes, which causes problems for communities and homeowners’ credit.  If your mortgage is significantly more than your home is worth, [...]

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Saving The US From Greece’s Mistakes

White House budget director Peter Orszag spoke recently about finding debt relief for the US in time to prevent Greece’s fate from happening here. He said, “There have been fiscal crises in countries across the globe for decades and centuries. However bad something looks right now, we want to make sure we are not in [...]

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Understanding Mortgage Rates and “Points”

May 5, 2010

Deciphering mortgage quotes can be confusing, and you may find that published mortgage rates are lower than mortgage rates you are quoted. Mortgage lenders may also charge “points,” an amount based on the mortgage loan amount you’re borrowing. One point is equal to one percent of your mortgage loan amount; if you’re borrowing $250,000, one [...]

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Easy Credit Card Debt Consolidation

How much credit card debt do you have? How many cards do you have to keep track of every month? Whether you have less than $10,000 in credit card debt or more than $60,000, you should consider an easy credit card debt consolidation program.
Multiple, maxed out credit cards hurt your credit score, as can [...]

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