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• Poor Economy Causes More People to Switch to Rent
  It can be said without a moment of hesitation that the current conditions of the economy have greatly affected the majority of America, causing grief to millions of people having to balance a capricious juggling act of paying bills and affording their home mortgages. In fact, the combination of the country’s subprime mortgage crisis, the [...]
  [May 9th, 2008]
• Washington May Give Aid in Housing Crisis
  Neighborhoods negatively affected by the recent housing foreclosure crisis may find help on the way from the government. Today, the Financial Services Committee of the House of Representatives discussed different ways to help those who have suffered financial loss as a result of the recent spate of foreclosures.
  [May 9th, 2008]
• Mortgage Situation Worsens in California
  Financial statistics for the first quarter of 2008 reveal that the state of California has suffered setbacks in the mortgage market. This information is far from novel for those who have been working with real estate loans in the Golden State.
  [May 9th, 2008]
• Reverse Mortgages on the Rise
  The number of reverse mortgages is once again on the rise. The Washington Times newspaper is reporting that an increasing number of individuals are turning to reverse mortgages for retirement income.  With reverse mortgages, homeowners draw on the equity in their homes. The Federal Housing Administration reports that the number of home-equity conversion mortgages has increased an [...]
  [April 28th, 2008]
• How To Avoid Predatory Lenders
  Mortgages are a popular way for homeowners to secure a loan by using their property as security. While there are many services and companies that can provide mortgage loans to homeowners there are a few of them that may not have the home owner’s best interest in mind. When this occurs, the home owners are [...]
  [April 28th, 2008]
• What is the Best Mortgage Plan
  One of the most alarming and confusing parts of buying a house is deciding on a mortgage plan. Refuse to be alarmed. Banks offer lots of different plans, but this wide selection is meant to help, not paralyze, the would-be buyer. Good rates are often not the only thing to look for when choosing a [...]
  [April 28th, 2008]
• Home Foreclosures Skyrocket in the U.S.
  The last part of 2007 proved to be a troubling time for the nation’s housing industry. The Mortgage Bankers Association reports that home foreclosures leaped to a record high in the last quarter of the year. The industry group noted that the percentage of mortgages in the U.S. that faced foreclosure reached an all-time high [...]
  [April 24th, 2008]
• Reverse Mortgages Become a Trend Among Seniors
  Reverse mortgages appear to be gaining popularity among older Americans. If you are over age 62, you can have access to your home’s equity without paying off loans, thanks to the reverse mortgage. The reverse mortgage transfers a portion of your house’s value into cash, allowing you a reserve fund for paying medical [...]
  [April 24th, 2008]
• Consumers Will Have to Wait for Rewards from Rate Cuts
  It could be some time before consumers see the rewards from the Federal Reserve Board’s decision to cut interest rates again. Generally speaking, it takes months before a move by the Federal Reserve results in a benefit for the consumer.
  [April 22nd, 2008]
• Call Intensifies to Scale Back Student Loans
  There appears to be a move underway to scale back loans for college students. There are a number of good reasons for this. For one thing, grants and scholarships are far more attractive than loans, since such financial aid awards amount to ‘free money’ that does not have to be repaid. In addition, grants [...]
  [April 22nd, 2008]
• Republican warns Mortgage Industry of Increased Regulation
  Republican Barney Frank of Massachusetts has commented recently on the state of the economy and specifically the harsh conditions of the mortgage industry, saying that rewriting mortgages in bankruptcy court won’t be the solution for borrowers this year, but that the industry has to at least let refinancing occur in this time of crisis, lest [...]
  [April 22nd, 2008]
• FHA Loans May be Gaining Ground
  There are indications that the FHA loan, once spurned by consumers, may be gaining popularity. The turnabout comes in the midst of the worst housing crisis in 16 years. Many subprime borrowers are facing the prospect of default. In this climate, banks are reluctant to extend 100% financing on mortgages. As a result, [...]
  [April 20th, 2008]
• Increasing Your Credit Score and Rebuilding Your Credit
  If you know that your credit score is low, you know that some financial transactions are going to be more difficult. You might find that you are turned down for some loans or that you’re getting higher than average interest rates for the loans you are approved for. In order to start rebuilding your credit, you [...]
  [April 18th, 2008]
• Ways to Avoid Paying Fees on Your Credit Cards
  The last things you need when you’re trying to rebuild your credit are more fees on your credit cards, adding to your already too-high balances. What you need to do is learn some basic tips on how to avoid these fees and only pay for what you’re bought in the first place. Pay your bill on [...]
  [April 16th, 2008]
• What’s Your Strategy?
  When you’re starting to take charge of your credit card debt, the advice that you read can be just as confusing as those papers that come with your credit card bills. However, there is no right or no wrong way to handle credit card debt, so long as you’re paying it down and not creating [...]
  [April 16th, 2008]
• How to Make More Money to Pay Off Your Debt
  When you want to rebuild your credit, you need to start making payments on your debts. However, when you aren’t making a lot of money at your current job, it can seem like the impossible advice. But when you’re in a tough financial situation that you need to get out of, you need to start [...]
  [April 16th, 2008]
• Creating Goals for Your Financial Success
  Going on a trip without a road map is the surest way to get lost, so why don’t we apply the same logic to our financial goals? When it comes to rebuilding your credit, you need to have some sort of plan in place to help you get to where you want to go in [...]
  [April 16th, 2008]
• Creating a Financial System that Works
  If you’ve gotten yourself into financial trouble, chances are good that you might not have a good financial system in place. And without a good system, bills can be lost, balances can be hard to add up, and a general state of confusion can become normal. Instead of adding to your money issues, start your [...]
  [April 16th, 2008]
• Negotiating with Creditors
  If you’re like most people, you probably feel helpless against your debt. You feel like there’s nothing that you can do but pay and pay and pay until it’s finally gone. However, there are some steps that you can take with your creditors that can help you become debt-free more quickly than you might imagine. [...]
  [April 16th, 2008]
• How to Buy Gifts When You’re Rebuilding Credit
  If you’re trying to pay down some debts, the prospect of giving someone else a gift becomes a stressful thought. You want to give gifts as you always have, but you also want to save your money in order to boost your credit score. What you need to do is start to adjust your gift [...]
  [April 16th, 2008]