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mortgage

This tag is associated with 8 posts

Short Sale on Your Mortgage

By ⋅ April 26, 2010 ⋅ One comment

Are you facing foreclosure?  Is the bank looking to reposes your home? We are facing tough economic times, and with the prices of housing falling—and due to fall more once the prices fall after the expiration of the Obama Stimulus plan—many people have found themselves behind on their mortgages without the ability to make their [...]

Mortgage Insurance: Do You Have It?

By ⋅ November 5, 2008 ⋅ Post a comment

If something were to happen to you tomorrow, are you insured?  If so, for how much? One of the biggest expenses that each one has—as well as their biggest assets—is their house.  It is probably the most expensive thing you will ever buy, and the thing that you will pay on the longest.

Does Fannie Mae and Freddie Mac Matter?

By ⋅ October 18, 2008 ⋅ 2 comments

I had quite the discussion with a coworker yesterday morning.  He’s buying the line that Sen. Obama used that deregulation is one of the main causes of the current financial crisis. I believe that while it may be the enabler of the crisis, it did not cause it.  Bad loans caused it, and there were [...]

Being Out of Debt Brings Peace in the Storm

By ⋅ September 27, 2008 ⋅ Post a comment

I’m sorry, but I’m having a lot of trouble wondering why it’s a big deal that banks will be able to give out less credit.  To me, this whole sub-prime mortgage crisis is something that we’ve brought on ourselves. I’m actually one of the ones that has benefited from these risky loans.  I did not [...]

Keep It Up, Guys

By ⋅ September 26, 2008 ⋅ Post a comment

Meet John Boehner.  This is the man (well, he and the other Conservative House Republicans) that stand between us and the bailout. Well, actually, there’s also a lot of politics involved—surprise, surprise. You see, the President, the Treasury Secretary, the Senate Democrats, the Senate Republicans and the House Democrats all want this bill.  And they [...]

In the Market for a House, Again

By ⋅ March 25, 2008 ⋅ One comment

So we’ve started to look at some houses yet again. The difference this time is that our current house is not on the market. After seeing how much stress it caused the last time we tried, my wife and I decided that we’d much rather shoulder the cost of trying to sell an empty house [...]

What Kind of Mortgage Do You Have?

By ⋅ March 16, 2008 ⋅ 6 comments

0 How many of you have paid your home off? Good for you! The rest of us have a house mortgage that is probably the number one biggest payment (that is, if we’ve gotten rid of the pesky school loan and the credit cards!) Even though this seems like a hard time to be in [...]

Learning a Lesson About Money the Hard Way

By ⋅ January 16, 2008 ⋅ Post a comment

If you follow what’s going on in the financial world at all, you know that there is currently a crisis in the housing industry surrounding Adjustable Rate Mortgages (ARMs) and subprime mortgages (those given to people with poor credit). These loans are hurting banks both foreign and domestically, and it’s also causing buyouts and stock [...]

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