Mortgage Information

5 Tips for Savvy Use of Your Home Equity Line of Credit


Tapping your homes equity to pay college expenses, consolidate credit card debt or even to buy a new car or boat is common place. Many economists attribute the additional buying power afforded consumers through home equity debt as a primary reason the nations economy has been able to emerge from the recent recession. Yet, aside from simply allowing consumers to spendmore, the flexibility and efficiency of a home equity line of credit HELOC can provide the financially savvy person with the means to savemoney, make money or simply take advantageof opportune situations he or she might otherwise miss out on. Here are five tips to show you how:

Are Mortgages a Risky Business


A bank or mortgage company is nothing more than a box in which to keep money. The owner of the box has to do a few calculations. Firstly, how much is he going to offer those people who deposit cash in his box, in return for such a deposit Secondly, how much of that money should he keep as cash in case the owners of that cash want it back Maybe 5%, maybe 10%, what are the regulations in his jurisdiction Thirdly, how much is he going to charge those people who wish to borrow the money of others, previously deposited in his box

Real Estate Bankruptcy


Although real estate bankruptcy cases no longer dominate the bankruptcy courts dockets as they did in the early nineties, but they continue to be filed with great frequency in UK. At its essence, the real estate bankruptcy is a two party dispute between mortgagee and mortgagor. Real estate bankruptcy cases are typically filed after a foreclosure sale has been set. Upon learning of the bankruptcy filing, a secured creditor has a number of available options, all or some of which should be exercised, depending on the facts of the case, to maximize loan recovery.

How To Eliminate Credit Card Debt


There is almost nothing more troublesome than having too much debt to pay each month. Consumers incur debt for many different reasons. Sometimes illness, accidents, or just bad luck can make it seem impossible to get finances under control. Other times it is simply because we spend more money than we earn. The first step toward taking control of your financial situation is to learn how to eliminate your credit card debt.

Online Loans Made easy


What will it take for you to get a low interest, low payment loan The answer to that question could be an online loan from one of the many companies that specializes in granting online loans, or e-loans.

Credit Traps Snag Consumers


Nearly 20 years ago I worked for a small consumer advocacy organization in Washington, DC. Each week we received sacks full of mail from consumers across the country requesting our list of credit cards with low interest rates and no annual fees. If you wanted a low interest rate on a credit card back then, you often had to apply to a bank in Arkansas where interest rates were capped by state law.

16.4% APR $5,000 Auto Loan…HELP!


Are you the victim of a high interest rate auto loan If so, the following email discussion may help you. Read on:

Student Credit Cards 101


If you’re a college student, you probably already have a credit card. If not, you may have plans to get one or more soon. So why should you read on Because financial debt is one of the main reasons that many students end up dropping out of college. Because your college years can be some of your most memorable—and some of your most costly. They don’t, however, have to be the beginning of an adult life strapped with debt. Although you may still feel in limbo between your teen years and adulthood, it’s time to take charge of your finances and manage them as an adult. The sooner you do, the sooner you’ll be able to start saving and spending your own money.

Do You Need A Financial Planner


No matter how much money you make, it pays to keep on top of money coming in and going out. Even if you do a good job of that, there are important times in your life when talking with a professional adviser makes sense.

Applying for a Home Loan


Applying for a home loan may not be the most exciting way to spend your time, but if you are like many potential homeowners, it is probably a necessary evil. If you have some knowledge of the process ahead of time, however, it will go much more smoothly.

Bad Credit Qualify Yourself For A Zero Down Mortgage Loan


I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Their situation was pretty bad, I’m talking about a bankruptcy 2 years ago, thousands of dollars in outstanding collections, charge-offs and debt to income ratio of 49%. By the way, we left all of their outstanding charge-offs and collections open which means they didn’t have to pay any of them off! So many think they wont be able to qualify for a mortgage loan. Many will keep thinking they cant qualify until they read this article.

How To Turn Business Losses Into Cash Flow


When the typical new business operator starts a business, they concentrate on making the business succeed. That is necessary but not the only thing that a business operator should concentrate on. A business depends on cash flow to exist and grow, so business operators would do their business a good turn by looking at sources of cash flow provided by the Government.

Seven Key Tax Deductions for the Self Employed


As a sole proprietor, it*s wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004. Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements. But you should also meet with your accountant well before the year-end rush to discuss such matters as tax planning, and record keeping for tax deductions.

Is Vacation Rental Ownership Your Business Opportunity


Its a dream Ive heard so many people express: "I want to run a bed and breakfast. They are so cute" Or "I want to own a vacation rental property, so I can get a free vacation and make money the rest of the year.

10 Wisdom-Based Wealth-Building Strategies


“It’s the business of your life… and you’re the CEO!” Gala Gorman

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