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rebuild.org finance news: latest news

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  • 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]
  • Bush To Aid Mortgage Crises
    Amid criticism and controversy, the Bush administration is finally taking steps to aid home owners who are facing possible foreclosure procedures. The troubled housing market is threatening to pull the economy into a recession and many are welcoming the Bush administration’s aid. Reports state the administration is placing the few final touches to a plan [...]
    [April 23rd, 2008]
  • 59% of Americans Pessimistic About Stimulus Package
    A new survey issued by the Experian Group states that 59% of American do not think that the $152 billion economic stimulus package recently issued by the federal government will help the American economy in any long-term way. Conversely, only 32% of Americans think that the package will get people to make bigger investments. Furthermore, [...]
    [April 23rd, 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]
  • Mortgage Interest Rates Decrease
    Since Friday, April 11, American home buyers have seen the interest rates for long-term mortgages go further and further down. In the meantime, the 10-year yield for United States Treasury bonds went down to only 3.47%. How low did the interest rate for long-term mortgages during the course of the weekend? The average rate for a [...]
    [April 21st, 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]
  • Living Cheaply When You’re Rebuilding Your Credit
    The fact of the matter is that when you’re trying to rebuild your credit, you’re going to need to make some changes in your life. This will mean that you need to adjust your current spending habits in order to start paying down the debts that you have, as well as start looking for ways [...]
    [April 16th, 2008]
  • Preventing Credit Damage
    While a lot of people focus on dealing with credit issues once they’ve become significant, the truth is that it’s a lot easier to handle financial troubles before they even begin. With the new surge in identity theft and fraud, you need to make sure that you’re monitoring your financial records as well as handling [...]
    [April 16th, 2008]
  • Rebuilding Your Credit On Your Own Vs Getting Help
    If you’re struggling to pay off debts and boost your credit score, you’re not alone. More Americans than ever are dealing with financial troubles that are not only causing their financial health to suffer, but also their emotional health. The good news is that there is help available, should you need to get advice on what [...]
    [April 16th, 2008]
  • Making a Budget You Can Actually Stick To
    The truth is that you already know that your spending habits are the primary cause of your credit rebuilding problems. But when you’ve looked for advice elsewhere, all you’ve seen are unrealistic ways to budget, causing you to forgo eating to pay off your debts. While these kinds of plans are going to help you [...]
    [April 16th, 2008]
  • How a Credit Counseling Center Can Help You
    The old thinking in credit rebuilding was that you should avoid credit counseling at all costs – and some people will still tell you that. It used to be that going to these kinds of companies would cause your credit rating to drop as you were admitting financial troubles. However, times have changed and these [...]
    [April 16th, 2008]
  • Dealing with Credit Problems that You Didn’t Cause
    While there are a lot credit troubles that can stem from excessive spending and misuse of your finances, there are other credit troubles that might not be your fault. For example, those dealing with fraud and identity theft may find themselves shackled with debts that they didn’t cause, but soiling their credit report in the [...]
    [April 16th, 2008]
  • Tricks to Curb Excessive Spending
    You already know this: you’re probably spending more than you should be. And you’re not alone. Nearly 60% of all Americans are carrying some form of debt, which means that more people than ever are living beyond their means and damaging their credit in the process. But there are painless and simple ways to start curbing [...]
    [April 16th, 2008]
  • Steps You Can Take Today to Start Rebuilding Your Credit
    While it can seem impossible to dig yourself out of financial trouble, the truth is that you didn’t get here overnight. Your debt accumulated over years and years, most likely, so while the road to debt freedom may be long, it’s not a road that will go on forever. You can even start taking steps [...]
    [April 16th, 2008]
  • What Do You Know About Your Credit Score?
    Everyone seems to want to know your credit score these days: employers, apartment landlords, real estate agents, banks, etc. But if you’re not quite sure what this number is and what it means, you aren’t going to be able to provide the best possible answer for those that inquire. Your credit score is becoming an [...]
    [April 16th, 2008]
  • When Should You Consider Consolidating your Debt?
    Financial troubles are sometimes hard to admit. We can feel disappointed with ourselves or scared of a spouse’s reaction to these issues. And while you might feel frozen in terms of what you need to do and how you need to get yourself out of a financial mess, you should recognize that help is available [...]
    [April 16th, 2008]
  • Credit Repair Does Not Begin with Transferring Balances
    If you find that your current credit care statements are overwhelming, those balance transfer offers that you receive in the mail can become quite tempting. Their offers of lower interest rates as well as a chance to lower your monthly minimum fees can seem like a relief. However, there is more to the story than [...]
    [April 16th, 2008]
  • Being Honest with Yourself: The First Step to Credit Rebuilding
    Everyone makes mistakes in their lives – some more noticeable than others. When it comes to your credit, these little mistakes, overspending and late payments, for example, can add up to problems down the road. While you probably already know what a poor credit score can do, what you might not realize is just how [...]
    [April 16th, 2008]
  • Payday Loans - A Financial Solution In The Nick Of Time
    You saw it down at the store - that electronics item you have always wanted - and it is on sale. You have never seen that item on sale for so low a price, and now you feel you need to buy it. One little problem, though, no money - and payday is a week [...]
    [April 16th, 2008]
  • What’s New In Payday Loans?
    Payday loans, also known as cash advance loans, and other things, have now been around for a few years. The competition is fierce - which is good for the consumer, because it means that they must compete for customers and they do this by packaging the product with different incentives or advantages. Here are a [...]
    [April 16th, 2008]
  • Payday Loans For Those With Bad Credit
    Things like payday loans can simplify having access to the cash you need when you need it. These loans can be obtained just about anywhere in the United States and the ads even come to the door. But what if you have bad credit? Can you still benefit from these loans? Gladly, the answer is [...]
    [April 16th, 2008]
  • How To Tell When It Is A Good Time To Refinance
    With the economy fluctuating as much as it is today, every now and them it produces a time when it is a good idea to refinance your mortgage. You have heard of others making that change, and may have heard that some got a much better deal. Mortgages are different though, and so are people’s [...]
    [April 16th, 2008]
  • Could A Cash Out Mortgage Be For You?
    If you have ever wanted to get hold of some of that cash value that is tied up in your home’s equity, then it is possible that a cash out mortgage may be your ticket. These mortgages are becoming popular lately because they enable people like you to get the access they want. The cash [...]
    [April 16th, 2008]
  • Getting A Larger House - What Type Of Mortgage?
    Today, if you want a larger house, there are a number of ways that you can do it. In days gone by, however, about the only way you could do this was if you got a better job, received an inheritance, or to borrow money from a relative. Now, it is rather easy, because lenders [...]
    [April 16th, 2008]
  • How To Get A Home Equity Loan For Debt Consolidation
    As many people have found out, it is not hard to get into debt. In fact, if you are not careful just about anybody can do it. Getting out of debt, however, is another matter. It takes longer to pay it off than it does to make the debt. If you have a home, though, [...]
    [April 16th, 2008]
  • Debt Consolidation - What Are The Options?
    Having a lot of debt is not uncommon today, and for many, it seems that knowing how to get out of debt is just about as uncommon, too. If you have a lot of debt and want to find some relief, there are a number of options that may be available to you. It will [...]
    [April 16th, 2008]
  • Home Equity Loans - How To Get A Good One
    A home equity line of credit (HELOC) can be a real help to you financially if you need to get a source of money - and have some equity in your home. It gives you various options and a degree of control that you do not have with other type of mortgages. Here are some [...]
    [April 16th, 2008]
  • What Is A Home Equity Line Of Credit And Is It For You?
    A home equity line of credit (HELOC) can be a real help to you financially if you need to get a source of money - and have some equity in your home. It gives you various options and a degree of control that you do not have with other type of mortgages. Here are some [...]
    [April 16th, 2008]
  • How Does A Home Equity Loan Work?
    When you have need of cash for a large project or purchase, you may be able to use the equity that you have built up in your home. The longer that you have lived in your home the more equity you would have. Equity simply refers to the cash value that has accumulated in your [...]
    [April 16th, 2008]
  • Need To Consolidate Your Debt? - Get A Personal Loan
    When you find that the monthly payments you make on your debts are getting to be more than you can handle - it is time to do something about it. Or, if you are having late charges being added because you simply are not getting paid enough - or at a time convenient to make [...]
    [April 16th, 2008]
  • Financial Tips for Spring
    In the midst of the winter doldrums, some financial experts are looking ahead to spring. As a result, they’re trying to instill hope in consumers who might have been having a tough time making ends meet.
    [April 11th, 2008]
  • Businesses Eliminate Jobs Amid Recessionary Fears
    American businesses eliminated 63,000 jobs in February - the highest rate of job elimination in 5 years. Observers noted that the dire employment news may be the biggest sign yet that the nation’s economy is veering toward recession. While the country’s unemployment rate actually dropped slightly, to 4.8%, experts said that the decline was due to [...]
    [April 11th, 2008]
  • Benefits of Mortgage Aid Package Debated
    The U.S. Treasury reports that its mortgage aid plan has assisted 45,000 homeowners in obtaining new loans. However, a mortgage expert running the program says a number of these subprime mortgage holders may not receive relief in the long run.
    [April 11th, 2008]
  • Smart Savings Strategies for Spring
    This spring, financial experts say it’s a good idea for consumers to start saving in earnest. A recent national poll showed that 40% of individuals who make New Year’s resolutions include a vow to save more money. Still, nearly half of those who pledged to start saving decide to bail out within a month [...]
    [April 11th, 2008]
  • State Lawmakers Attempt Crackdown on Payday Lending
    They’re advertised as a simple way to make ends meet during tough times. However, payday loans remain one of the most controversial practices in the financial industry today. With payday loans, borrowers take out short-term loans by placing their future paychecks as collateral. Advocates of the practice say that such loans are like any other [...]
    [April 3rd, 2008]
  • E-LOAN to Offer FHA Loans
    The financial services company known as E-LOAN is offering FHA loans as a reaction to the tightening credit market. Officials with E-LOAN say, “Unfortunately, we are seeing an unprecedented number of homeowners being forced to foreclosure on their homes because they cannot afford their newly adjusted mortgage interest rates. For many, the flexible guidelines and competitive [...]
    [April 2nd, 2008]
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