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All about Personal Finance, Debt Consolidation and Money News.

The Problem with Reverse Mortgage for Seniors

Senator Claire McCaskill warned senior citizens that reverse mortgages are often accompanied by excessive fees and marketed using overly aggressive tactics. There is currently a growing number of seniors who use reverse mortgage to help fund retirement or pay unexpected ...
The Problem with Reverse Mortgage for Seniors

US Taxes To Pay for Health Care Program

As Congress is looking for ways to pay for the health care program, they are looking into the option to tax beer, wine and hard liquor as it is said to cost over $1.5 trillion over ten years. It has ...
US Taxes To Pay for Health Care Program

Refinance Activity Has Fallen

As the mortgage rates have climbed up, the refinance activity fell by 23% last week from the previous week, as reported by the Mortgage Bankers Association. Since Memorial Day, mortgage rates have steadily risen to as high as 5.8% last ...
Refinance Activity Has Fallen

How Fannie Mae Can Help You

If you are considering purchasing a new home while the prices are still low, some people may try to talk you out of it by telling you that this is not the right time to buy, as everyone is talking ...
How Fannie Mae Can Help You

Mortgage Rates Up to 5.59%

After 7 months of falling mortgage interest rates, the average rate on a 30-year fixed-rate mortgage has climbed up to the highest point of 5.59% as Freddie Mac reported on Thursday, June 11, 2009. This is a steep increase from ...
Mortgage Rates Up to 5.59%

Is Debt Management Safe?

In these days resolving financial problems with loans is a common solution. It’s not easy to do something only with our salary, so if we want to buy something new, improve our home or pay the studies we make, than ...
2 July 2009

How To Settle Student Loan Debt

If you would like to settle your student loan debt, make sure you go through the steps below. Before you decide to settle, find all your possible options first. Who knows, you may be able to have your student loan ...
20 June 2009

Beware of Reverse Mortgages

From the beginning, reverse mortgage was designed to give cash-strapped seniors a way to get some extra cash. But today's current financial meltdown with falling home prices, lending rules and also growing instances of fraud could make this kind of ...
1 July 2009

7 Questions To Ask Financial Advisors

Knowing what question you have to ask in order to find, interview and choose the right financial advisor for you is a very critical key. It is very important to choose the right one because otherwise it may lead to ...
11 June 2009

Government Grants for Home Improvement

As the US economy is experiencing tough and stressful times for the past years, the Federal government has come up with plans to help increase the 'affordability' of the people. One of the first steps to do this was the ...
13 May 2009

Redirecting Your 401(k) Contribution In Today’s Recession

You might have noticed the value of your 401(k) drop significantly over the past year. Many are now considering to re-direct contributions to somewhere else until the economy gets settled. Some people are putting their 401(k) contribution to a more ...
10 March 2009

Is Debt Management Safe?

Posted by Elisheva Wiriaatmadja On July - 2 - 2009 1 COMMENT

In these days resolving financial problems with loans is a common solution. It’s not easy to do something only with our salary, so if we want to buy something new, improve our home or pay the studies we make, than the only solution is to take a loan. Taking a loan however can be risky. You always have to be careful how much money you borrow, for how long and will you be able to repay it.

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Popularity: 2% [?]

Beware of Reverse Mortgages

Posted by Elisheva Wiriaatmadja On July - 1 - 2009 2 COMMENTS

From the beginning, reverse mortgage was designed to give cash-strapped seniors a way to get some extra cash. But today’s current financial meltdown with falling home prices, lending rules and also growing instances of fraud could make this kind of loans a very risky option for some borrowers.

Read the rest of this entry »

Popularity: 2% [?]

On The Edge with Max Kaiser (4/4)

Posted by Elisheva Wiriaatmadja On June - 30 - 2009 ADD COMMENTS

Popularity: 1% [?]

The Problem with Reverse Mortgage for Seniors

Posted by Elisheva Wiriaatmadja On June - 29 - 2009 ADD COMMENTS

Senator Claire McCaskill warned senior citizens that reverse mortgages are often accompanied by excessive fees and marketed using overly aggressive tactics. There is currently a growing number of seniors who use reverse mortgage to help fund retirement or pay unexpected medical bills.

Read the rest of this entry »

Popularity: 1% [?]

On The Edge with Max Kaiser (3/4)

Posted by Elisheva Wiriaatmadja On June - 29 - 2009 ADD COMMENTS

Popularity: 1% [?]

On The Edge With Max Kaiser (2/4)

Posted by Elisheva Wiriaatmadja On June - 28 - 2009 ADD COMMENTS

Popularity: 1% [?]

On The Edge with Max Kaiser (1/4)

Posted by Elisheva Wiriaatmadja On June - 27 - 2009 ADD COMMENTS

Popularity: 1% [?]

Mortgage Refinancing: It’s All About Timing

Posted by Elisheva Wiriaatmadja On June - 26 - 2009 ADD COMMENTS

As with any other financial decision you have to make in your life, understanding when to refinance your mortgage makes all the difference.  Also, knowing when it is not a good idea to apply for mortgage refinancing will ensure that you will not lose money in all the hullabaloos in the market.

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Popularity: 1% [?]

Obama’s “Making Home Affordable” Plan

Posted by Elisheva Wiriaatmadja On June - 25 - 2009 1 COMMENT

Are you one of the large percentage of Americans that ponder on home mortgage refinance plans? Are you facing foreclosure? In today’s widespread recession issue and problems, you may have lost your job or have had your wage lowered to a point where you find it hard to pay off your debts. Moreover, you are facing the ordeal that you can’t easily sell your house with the current standing of the real estate market.

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Popularity: 2% [?]

Finding A Good Mortgage Refinance Company

Posted by Elisheva Wiriaatmadja On June - 24 - 2009 ADD COMMENTS

If you are looking for a mortgage company to refinance your mortgage and have been doing your research and have compared the lenders, you may have noticed that the lenders seem to offer identical rate. You may see that all of them are giving you the same calculation on your monthly fees for the same loan that you are searching for.  But you need to understand that each of them are unique. There are some good mortgage refinance companies and also those fly-by-night ones. If you fail to distinguish them, remember you are giving your home title to the hands of a stranger. Make sure that when you have made up your mind about refinancing, you know exactly which lender to go to.

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Popularity: 2% [?]

Popularity: 1% [?]