There are many benefits that you can reap from mortgage refinancing. But it only takes just a little lapse of judgement and you could make a very costly mistake by placing your family’s home at risk. I have listed 5 costly mistakes that people may make when refinancing their mortgage: #1: Interest rate not locked-in [...]
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Benefit From Government Student Loans
June 5th, 2009 
Elisheva Wiriaatmadja If you are thinking of borrowing money for college, the Federal Government makes it easy for you to borrow and to repay the loans according to your situation. Loans for college usually comes in many small loans throughout your academic years. By the time you graduate, you will have multiple loans with different interest rates.
America: Let’s Increase Our National Debt!
June 5th, 2009 Elisheva Wiriaatmadja “Since when can you get out of huge national debt by creating trillions of dollars of new debt?” Alaska governor, Sarah Palin, asked an audience in Anchorage, as she was introducing Michael Reagan, the son of former President Ronald Reagan. “It all really is so backwards and skewed as to sound like absolute nonsense when [...]
How The New Bill Protects Credit Card Consumers
June 3rd, 2009 Elisheva Wiriaatmadja In the past few years until today, more and more frequently credit card providers have been imposing spiking penalty interest rates on customers whose payments are just one or two days late. Many customers have seen a notice of “change in terms” that warns them on the increase of interest rates in case of late [...]
How To Shop For A Mortgage Loan
June 2nd, 2009 Elisheva Wiriaatmadja If you are shopping for a mortgage loan, what you need to compare is not only the interest rates that they are offering you. Besides the interest rates, a mortgage package consists of a quoted rate, points and closing costs. The lender will charge you an up-front fee at closing which is called points. One [...]
New Credit Card Laws To Protect Students
June 1st, 2009 Elisheva Wiriaatmadja As credit card companies currently do not have any age limit to start accruing credit card debt, they hand out credit cards to students like handing out candies to young children. Some of the students are even as young as high school students. Shockingly, according to a research, 2 out of 3 high school students [...]
UK’s Children To Avoid Debt
May 31st, 2009 Elisheva Wiriaatmadja 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 [...]
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 [...]
