Nowadays, many homeowners resort to mortgage debt consolidation to address their ballooning debt that does not include mortgage loans but also credit cards and other personal loans. When you hear the term mortgage debt consolidation, it is basically defined as the process whereby a new loan would be taken out by the home owner in [...]
In the United States, the fastest way you can purchase a home is by taking out a mortgage loan. Individuals would even have to get pre-approved first for a mortgage loan before they can even start to house hunt. When the nation experienced a housing boom just several years ago, many individuals were approved for [...]
Getting a college education is supposed to help you conquer the real world. But most fresh or new graduates have a difficult time managing their financial life and end up unsuccessful in the other aspects of their life. Here are some of the reasons why these 20-something individuals experience such difficulties:
1. High cost of education: [...]
Getting student loans to finance your education has always been considered to be a wise investment. Unfortunately many parents and students rack up tens of thousands in student debt and have difficulties paying for them. So, if you are thinking of taking out a student loan, you have to know how much you can pay.
Federal [...]
“Keeping it Real”: September 14, 2007
Mortgage programs are just like most products. There are many different vendors, features and things that may result in different pricing. Looking for a mortgage is a lot like car shopping. If you were to buy a car and then tell all your friends “Hey, I just bought a car!”. [...]
“Keeping it Real”: September 11, 2007
You wouldn’t go to the hospital and demand open heart surgery for $1,000 even though your procedure based on your condition will cost over $100,000. Would you?
You wouldn’t walk into your auto insurance agent’s office and demand car insurance premiums based on what you think they should be. Would you?
If [...]
“Keeping it Real”: September 4, 2007
When you fall behind on a debt it is your responsibility to contact the creditor and let them know what is happening. There is no law that requires anyone to send you a statement, coupon book or to call and remind you. When you sign loan documents, you agree to [...]
“Keeping it Real”: August 29, 2007
Ben Franklin said “The definition of insanity is doing the same thing over and over and expecting different results.” Smart man!!
Have you refinanced your mortgage to consolidate debt, only to set yourself up to refinance yet again? This is known as “equity stripping”. You are losing equity in your [...]
“Keeping it Real”: August 28, 2007
What is happening in America? Why isn’t anyone willing to “pay” for their mistakes anymore? Doesn’t anyone suck it up anymore and just take their lumps?
I just got off the phone with a very nice lady who lives in a small Midwestern town. A major collection agency referred her son [...]
“Keeping it Real”: August 8, 2007
Normally, in order to obtain financing you must qualify. In order to qualify you must complete an application. The information given by you (application) is then validated. Then you are either approved or denied based on your qualifications. Then the terms (interest rate, etc.) are determined and disclosed.
When you are [...]
| 30 Year Fixed | 6.26% |
| 15 Year Fixed | 5.91% |
| 30 Year Jumbo | 6.12% |
| 5/1 ARM | 6.12% |
| 5/1 Jumbo ARM | 6.54% |
| $30K Home Equity | 8.29% |
| $50K Home Equity | 8.28% |
| $75K Home Equity | 8.22% |
| $30K HELOC | 7.87% |
| $50K HELOC | 7.67% |
| 1 Year CD | 4.81% |
| 6 Month CD | 4.57% |
| 5 Year IRA CD | 4.65% |
| 10K MMA | 3.98% |
| 25K MMA | 4.57% |
Signup to our newsletter, enter your email below.