In the UK, Secretary of State for Children, Schools and Families, Ed Balls, is targeting to reduce the number of children who leave school financially illiterate. Children will be taught how to manage money, calculate rates of interest and plan a pension. The younger the children being taught, the better. 66% of adults in the [...]
Archive for May, 2009
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How To Get Dirt-Cheap Mortgage Loan
May 28th, 2009 
Elisheva Wiriaatmadja As home prices has dropped more than 32% since 2006, the real estate market is opening up tempting opportunities for Americans to own a home with the outstanding bargains available. Additionally, Obama’s stimulus package offers up a tax credit worth up to $8,000 for qualified first-time home buyers. Moreover, since the Federal Government bought up [...]
Jumbo Mortgages in Todays Financial Crisis
May 27th, 2009 Elisheva Wiriaatmadja As the name already implies, a jumbo mortgage is simply a really huge mortgage. A jumbo mortgage is specifically a mortgage where the amount being financed is greater than the top amount that has been set by GSE (Government Sponsored Enterprise. The GSE is responsible in maintaining access to housing loans and also reducing the [...]
The Different Types of Mortgage Loans
May 25th, 2009 Elisheva Wiriaatmadja There are several mortgage loan types to choose from to realize the American dream of home ownership. There are 3 types that are the major mortgage loan types. These are: 1. Conventional mortgage loans This type of mortgage loans are the simplest to understand and also the most basic. What you do is simply borrow [...]
How To Get Your Student Loan Debt Forgiven
May 24th, 2009 Elisheva Wiriaatmadja Getting student loans discharged or forgiven is not common, but it is possible by majoring and working in a certain field, spending a certain amount of time in the military or having an undue hardship that forces bankruptcy. Discover the ways that student loans are forgiven with financial advice from a guidance counselor in this free video on student loans.
Financially Healthy with Credit Cards
May 24th, 2009 Elisheva Wiriaatmadja In today’s society it is sometimes hard not to have a credit card at all. There may be times when you have emergencies and not the cash. Possessing a credit card does not necessarily mean to jeopardize your financial health. All you have to do is to know how to use them to your benefit [...]
Can America Save Their Next Generation From Credit Card Debt?
May 22nd, 2009 Elisheva Wiriaatmadja Until about 10 years ago, credit card companies in Indonesia were able to issue a new credit card in people’s names taken from a database and mailed it to them. Back in the 1960′s, it was legal in America to do so as well. College students have always been targets by credit companies and back [...]
As Mortgage Rates Keep Falling…
May 22nd, 2009 Elisheva Wiriaatmadja As the Federal Reserve constantly making moves to keep mortgage rates low, the rates remain low and are even falling. According to the weekly report by Freddie Mac, the 30-year old fixed rate mortgage is down to an average of 4.82% whereas last week it was 4.86%. Last year, the average 30-year mortgages was about [...]
Saving Your Children in College from Destroying Themselves Financially
May 20th, 2009 Elisheva Wiriaatmadja If you are a parent with a child who is leaving for college you should know that they are going to have all kinds of freedom that they never had while still living at home. You are probably already aware that they are going to have new friends, a new community, new hobbies, new habits,… [...]
Home Equity Loans for Debt Consolidation
May 20th, 2009 Elisheva Wiriaatmadja The most common option that people would go for when considering to consolidate their loan is by taking out home equity loans. This option may seem to make sense because you may get a lower interest rate loan by using your home equity as collateral. This is even better if you are offered a fixed [...]
