Archive for January, 2009
Saturday, January 31st, 2009
Home-equity loans (or second mortgages) and home-equity lines of credit let you borrow against the value of the equity you’ve accrued. They’re hot –with rates that easily consign such rival sources of cash as credit cards to their rightful place in credit inferno. Factor in the deductibility of home-equity interest ...
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Thursday, January 29th, 2009
If you already have a mortgage, you might want to refinance it –swap the loan for a different one –to get a lower interest rate, snag a lower monthly payment, unload the loan faster or pull some money out. Refinancing also is sometimes a smart idea for homeowners who want ...
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Tuesday, January 27th, 2009
In addition to points, borrowers may be asked to come up with numerous other costs at the closing, not to mention the price of hiring a mover. For a list and description of these assorted expenses, see the following table:
Always attempt to negotiate a lender’s fees. This is easiest to ...
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Sunday, January 25th, 2009
Once you have been approved for a loan, take a shot at predicting which way mortgage rates are headed over the next few months. If you think rates will rise, lock in a rate at application. Some lenders let you lock in for 60 days or longer at no charge. ...
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Saturday, January 24th, 2009
This is continuation of our previous discussion on some tips on getting mortgage.
Some mortgage seekers face a special hurdle: bias. According to studies b the Federal Reserve and others, minority mortgage applicants are turned down two to four times more often than whites. The Fed has also discovered that lenders ...
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Wednesday, January 14th, 2009
Getting a mortgage is never easy, but first-time buyers have it roughest of all. They don’t have cash from selling a previous residence to help them come up with the down payment or other mortgage closing costs. In fact, first-time buyers often find that it’s the down payment, that is ...
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Saturday, January 10th, 2009
This is the continuation of previous article on shopping for mortgage.
Most lenders are reputable and honest. Still, before you go with any, it’s a good idea to make sure the firm is on the up-and-up. Beware lenders or mortgage brokers who ask you to pay stiff fees up front. Call ...
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Thursday, January 8th, 2009
For many people, the search for a mortgage can be overwhelming. You often must compare a variety of loans with different interest rates and terms to find the best mortgage for you. Miss out on the best deal and you could be stuck paying thousands of dollars in extra interest ...
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Tuesday, January 6th, 2009
The card-buying experience can be so aggravating that when it comes time to finance the purchase, you may be tempted to go with the dealer’s loan just to get it over with. Nearly 80% of all car buyers arrange financing through the dealer. Jumping at the dealer’s financing isn’t wise, ...
Posted in How To Manage Debt, Uncategorized | 8 Comments »
Sunday, January 4th, 2009
Whenever you’re looking for or have a standard card, a gold card, a rebate card, or a secured card, scrutinize the following:
The annual percentage rate. The annual percentage rate (APR) is the total cost of credit expressed on an annual basis. You can find a credit card’s APR on an ...
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