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Recent News:

• Three Ways The FOMC Effects Home Equity Loans
  What is the FOMC? FOMC stands for Federal Open Market Committee.  It is the Federal Reserve’s committee for setting monetary policy in the U.S. Their website is http://www.federalreserve.gov/monetarypolicy/fomc.htm How To Figure The Note Rate For Your Home Equity Loan Many Home Equity Loans are adjustable rate mortgages. The note rate on an adjustable rate mortgage is made up of an index [...]
  [July 3rd, 2009]
• Banks Raise Credit Card Debt Costs Ahead Of Reform Deadline
  Banks Take Opportunity To Increase Credit Card Profits Before It’s Too Late Credit card reform may be in the sights of consumers, but for the time being, more credit card companies are taking their chances to increase profits while they still can.  In the previous month of May, credit card losses were at a record level [...]
  [July 2nd, 2009]
• Your Mortgage Loan: Consumer Debt Can Jeopardize Homeownership
  This week President Obama presented a proposal to Congress for a new federal agency assigned the task of protectecting consumers from practices designed to keep consumers in debt. As expected, financial insitutions are protesing the proposal. The president of the American Banker’s Association noted, “It’s going to be a long fight,” indicating financial institutions’ resistance to Obama’s proposal. [...]
  [July 2nd, 2009]
• Mortgage Refinancing vs. Home Equity Loan
  Does it make sense to do mortgage refinancing or get a home equity loan to take cash out of a home?
  [July 1st, 2009]
• Loans from SBA Offered to Victims of Disasters
  The U.S. Small Business Administration offers loans to people who've been victims of disasters.
  [July 1st, 2009]