Tag Archives: amount of money

Where’s My Mortgage, Mate?

From the BBC: The credit crunch has led Britain‘s banks and building societies to charge higher interest rates on the money they lend out and to withdraw thousands of mortgage deals, leaving increasing numbers in a desperate situation. Disappearing deals … Continue reading

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UK Savings Boom, Mortgages Crash

From the Guardian: The amount of money paid into savings accounts more than doubled in April to reach record levels, figures showed today. Consumers poured £5.8bn into personal bank accounts during the month, up from £2.8bn in March and far … Continue reading

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RVW Investing: The Role of Bonds

By Selwyn Gerber of RVWInvesting: Chapter 11: THE ROLE OF BONDS IN A PORTFOLIO   Bonds have their place in most portfolios. By behaving exactly the opposite way that stocks do, bonds deliver predictability of income and principal repayment. As … Continue reading

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Getting Into Debt To Stay Afloat

A wiser move would be to reduce expenses. Instead Americans are turning to different loans. Can’t pay your mortgage? Turn to a credit card. Not a good long-term strategy. Not such a good short-term one either. What’s causing this trouble? … Continue reading

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Refinancing Your Auto Loan

Why bother? For the same reason people refinance their home loans — lower interest rates. If your savings in lower rates outweigh the fees of a refinance, then it is a good deal. Here’s an essay by Mark Warne: Many … Continue reading

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Schools Hurting From Subprime Crisis

Much of the funding for public schools comes from property tax. The amount of money brought in by this varies by property values, which have been plunging for the past nine months. Forbes reports: According to the National Center for … Continue reading

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How About A Reverse Mortgage?

What are the pros and cons? Who is a reverse mortgage good for? Just old people? How good? Well, here’s a biased perspective: From the ReverseMortgageCity.com Media Center Many homeowners who have had their Reverse Mortgage for a while have … Continue reading

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Getting Financing For Home Improvements

Sarah Dinkins writes: You´ll be surprised to learn that when it comes to cash-out refinance home loans, if you plan to use the money to make home improvements, you can obtain over 100% financing from your house. This will provide … Continue reading

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How No Cost Mortgage Refinance Works

Saurabh Jain writes: March 13, 2008 No cost mortgage refinance is a kind of loan where the debtor does not pay closing costs of the mortgage. The rate of interest for this kind of credit is higher, but ensures that … Continue reading

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