May 2010
You are browsing the archive for May 2010.
Hard Money Lenders: The Good, The Bad, & The Ugly
You’ll hear plenty of real estate investors use the term “hard money” or “private” lender, but it’s surprising how many people in the real estate industry don’t fully understand what hard money lenders are all about. They are sometimes hated, sometimes loved, but they are neither last-minute miracle workers nor are they usurious bastards; rather, [...]
Credit Crisis Accelerates Job Losses, Consumers Need Help
The US Labor Department Jobs Report came our for December showing a sobering loss of yet another 524,000 jobs, which totals 1.9 Million in the year’s final four months since the credit crisis began in September. 2008 will truly be remembered for a number of things, but as it relates to jobs, the news is [...]
Protecting Savings Income when Interest Rates are Falling
Every serious saver expects a reasonable amount of income from their savings. But the ongoing financial crisis has forced banks to slash interest rates which will naturally reflect on the savings income adversely. Hence savers have a cause for serious concern about their falling income and are looking for ways to protect their income from [...]
Loan Modification: The Gift that Keeps on Giving?
There’s hardly a segment of the U.S. population that hasn’t been touched by the financial and mortgage crisis over the past few months.
I know I’ve been hit by it, and several members of my extended family have as well. The stats say it’s close to 50% of homeowners who are facing some kind of financial [...]
Reverse Mortgage: Borrowing Wisely
Life presents temptations everywhere you turn. In this consumer driven society, it is very hard for many people to ignore the allure of having the fastest car or the biggest house. However, when you pursue these things but are not in sound financial standing, you can quickly find yourself in debt instead of [...]
Reverse Mortgage: How Long Will You be in Debt?
Debt can be a very scary thing to face, especially if you have suddenly found yourself unable to keep up with your regular payment schedule. If you are in need of money however, but are scared about taking out a loan, you should know that there are many people out there who have borrowed [...]