Powered by Max Banner Ads Did you know most of the foreclosures taking place now
could have been avoided? With all the foreclosures taking
place because of adjustable rate mortgages (ARM’s), this
could have been avoided if the lender had put families in a
30yr fixed mortgage. During the real estate boom,
individuals that had less than perfect credit were put into
sub-prime loans. There were millions of families put into
sub-prime loans that had the qualifications to go FHA,
... Read Full Story
Powered by Max Banner Ads Did you know most of the foreclosures taking place now
could have been avoided? With all the foreclosures taking
place because of adjustable rate mortgages (ARM’s), this
could have been avoided if the lender had put families in a
30yr fixed mortgage. During the real estate boom,
individuals that had less than perfect credit were put into
sub-prime loans. There were millions of families put into
sub-prime loans that had the qualifications to go FHA,
... Read Full Story
Powered by Max Banner Ads Deadbeat. The term is referenced in the dictionary as “One
who tries to evade paying debts”. Even Black’s Law
Dictionary defines the term as “A person who does not pay
debts or financial obligations”. So is may surprise you to
learn that the credit card companies use this term to
describe people who actually pay their balances in full.
Every month. Month after month.
This of course is not official, just behind the scenes.
... Read Full Story
Powered by Max Banner Ads Deadbeat. The term is referenced in the dictionary as “One
who tries to evade paying debts”. Even Black’s Law
Dictionary defines the term as “A person who does not pay
debts or financial obligations”. So is may surprise you to
learn that the credit card companies use this term to
describe people who actually pay their balances in full.
Every month. Month after month.
This of course is not official, just behind the scenes.
... Read Full Story
Powered by Max Banner Ads Mortgage fees and terms can be confusing and frustrating.
Mortgage and financing terms are like another language.
Yet, if you have a firm grasp of at least some essential
terms, the more you can potentially save yourself in
headaches and money. You should start by looking at the
mortgage fees or costs; what fees are legitimate, and what
fees you should be wary of, with a few lessons of wise
financing along the way.
The mortgage origination fee – Thi... Read Full Story
Powered by Max Banner Ads Mortgage fees and terms can be confusing and frustrating.
Mortgage and financing terms are like another language.
Yet, if you have a firm grasp of at least some essential
terms, the more you can potentially save yourself in
headaches and money. You should start by looking at the
mortgage fees or costs; what fees are legitimate, and what
fees you should be wary of, with a few lessons of wise
financing along the way.
The mortgage origination fee – Thi... Read Full Story
Powered by Max Banner Ads Your credit score report can be affect by more than your
available credit history. We talk about how credit cards,
mortgages, car loans, and any type of loan that reports to
all 3 credit bureaus will affect your credit score. We
don’t always talk about utility companies and how they can
have a negative impact on your credit report. Here are
utility companies I like to consider non-creditors. In
other words these companies don’t give you a line ... Read Full Story
Powered by Max Banner Ads Your credit score report can be affect by more than your
available credit history. We talk about how credit cards,
mortgages, car loans, and any type of loan that reports to
all 3 credit bureaus will affect your credit score. We
don’t always talk about utility companies and how they can
have a negative impact on your credit report. Here are
utility companies I like to consider non-creditors. In
other words these companies don’t give you a line ... Read Full Story
Powered by Max Banner Ads If you have a property you own and can’t sell, you’re
probably wondering what your choices are. A rent-to-own
may be a viable option.
Creating a rent-to-own scenario is very simple. Take for
instance the property you own. Find a buyer to lease it
for a designated period of time and give them the option to
buy that property when they come to the end of that time
period. This strategy may also be known as “lease with
option to buy”... Read Full Story
Powered by Max Banner Ads If you have a property you own and can’t sell, you’re
probably wondering what your choices are. A rent-to-own
may be a viable option.
Creating a rent-to-own scenario is very simple. Take for
instance the property you own. Find a buyer to lease it
for a designated period of time and give them the option to
buy that property when they come to the end of that time
period. This strategy may also be known as “lease with
option to buy”... Read Full Story
