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Entries Tagged as 'Mortgages'

Credit Crunch Timeline: How Did We Get Here?

September 2nd, 2008 · 2 Comments

A question that most certainly been addressed by many, and no doubt will continue as a hot topic for longer than we’d like. But it warrants repeat as so many of us did not heed the signs… just a quick synopsis of events leading us to our current fate, beginning in 2004:

Years of home price […]

Popularity: 11% [?]

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Tags: Banking · Consumer Debt · Mortgages · Real Estate

Zero Percent Interest, 15-Year Loan Available: Interested?

August 22nd, 2008 · 2 Comments

That’s right, this is one of the “better” provisions included in the Housing and Economic Recovery Act of 2008, the much-hyped legislation which became law in late July of this year. Otherwise known as the “First-Time Homebuyer Tax Credit”, the provision gives homebuyers yet one more $7500 reason that it might be a good time […]

Popularity: 28% [?]

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Tags: Consumer Debt · Mortgages · Real Estate

Curb Appeal: You’ve got 8 Seconds to Impress Potential Homebuyers

August 18th, 2008 · No Comments

That’s right, studies show that a potential home buyer makes up their mind within the first 8 seconds of seeing the outside of a home whether to take the next step, or just drive on by. With the inventory of homes listed for sale at record highs, that’s a lot of competition. Given a limited […]

Popularity: 27% [?]

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Tags: Mortgages · Real Estate

How Soon After a Bankruptcy Can I Apply for Credit?

August 14th, 2008 · No Comments

We get this question all the time: “How soon after a bankruptcy can I apply for lines of credit?” Out of one debt hell into another? Maybe you should examine the reason why you’re filing bankruptcy? Ok, we’ll avoid the lecture and just answer the question.
Primarily, how long you need to […]

Popularity: 26% [?]

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Tags: Budgeting · Consumer Debt · Credit Cards · Mortgages · bankruptcy

Is Illegal Immigration a Factor in the Credit Crunch?

August 12th, 2008 · 2 Comments

With more than 12 million illegal immigrants estimated to be living in this country, it’s certainly a question worth posing. Determining the impact of illegal workers on unemployment rates, healthcare costs, and other social and economic sectors is difficult enough, due to the nature of them being “undocumented”. There are numerous arguments both for and […]

Popularity: 26% [?]

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Tags: Banking · Consumer Debt · Mortgages

Real Estate 101: Be Smart About Buying and Borrowing!

August 7th, 2008 · 3 Comments

Gone are the days when just about every John Doe off the street could qualify for a mortgage; our entire country via our economy is paying the price from that foible, no less. Buying a home is, and always has been, a huge commitment, not to be taken lightly. You should be educated and prepared […]

Popularity: 26% [?]

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Tags: Consumer Debt · Mortgages

Top Ten Reasons You May Consider Buying Real Estate NOW!

August 4th, 2008 · No Comments

10. New Home Choices are Many. Instead of having to partake in a lottery to get a brand new build, you are now deluged with incentives to buy a spec home.
9. There are fewer investors. Better hurry though, because soon they’ll be coming back in and you’ll have to compete with them to snatch up […]

Popularity: 25% [?]

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Tags: Banking · Mortgages

Housing Rescue Bill: Fannie and Freddie Get New “Lifejackets”!

July 31st, 2008 · 1 Comment

Just as the boat that Freddie Mac and Fannie Mae have been vacationing on prepares to sink due to tropical storm “Subprime”, the government comes to the rescue! President Bush has recently signed the initiative to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support […]

Popularity: 28% [?]

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Tags: Banking · Consumer Debt · Mortgages

Fannie Mae, Freddie Mac Worthless?

July 11th, 2008 · No Comments

Market analyst Jon Najarian at options research firm OptionMonster Inc. in a research note Friday morning said that, although he believes government-sponsored mortgage giants Fannie Mae and Freddie Mac will continue doing business, “their shares in my opinion are likely worthless,” according to an entry on MarketWatch. The New York Times reports today […]

Popularity: 25% [?]

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Tags: Consumer Debt · Mortgages

Where do the Candidates Stand on Credit Card and Mortgage Reform?

July 2nd, 2008 · No Comments

I’m listing the candidates here in alphabetical order…and offering no comments (surprise!)
From the John McCain Campaign Website:
John McCain has no specific campaign promises addressing credit cards, but does address the housing crisis and student loans in the following ways.
John McCain Is Proposing A New “HOME Plan” To Provide Robust, Timely And Targeted Help To […]

Popularity: 30% [?]

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Tags: Consumer Debt · Credit Cards · Mortgages