Tag Archives: money

Cutting Mortgage Losses

From Manchester in the UK: In 2007 we spent an average of 17.8 per cent of our income on mortgage interest payments, according to the Council of Mortgage Lenders (CML), compared with just 11.6 per cent five years before. 1 … Continue reading

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Yes, You Can Get a Mortgage: Even If You’ve Had a Bankruptcy, Foreclosure, or Other Credit Issue

Tilson writes on Amazon.com: Wow !! This is a wonderful step by step book for getting a mortgage, EVEN if you have recently filed for bankruptcy. The book is written in very plain language and gives specific examples with illustrations … Continue reading

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The Pre-Approved Mortgages And Its Advantages

Emily Green writes for the Wall Street Journal that having a pre-approved mortgage will give you an advantage when you start bargaining over the price of a home. These pre-approval letters don’t cost anything. They are usually good for 30-60 … Continue reading

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Britain’s Official Lending Rates Drop, But Homeowners Still Pay More

The market has changed. The easy credit ride of the past decade has crashed. No matter all the cuts from the Bank of England, homeowners still pay 1.25% more. Here’s a column Shabby lenders force a mortgage hunt Homeowners would … Continue reading

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Should You Refinance?

How much savings on interest rates make it worth the hassle of refinancing? What kind of credit do you need to refinance? Credit is not as easy to get anymore. Here’s a report: April 8, 2008 — With rising prices … Continue reading

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I’ve Got Downey, First Federal, Washington Mutual, Fremont On My Death Watch

You’ll show up one day and there’ll be a notice that this bank has been taken over the FTIC and if you have money there, it’ll take a couple of days to get it. Or Bank of America buys them … Continue reading

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Should This Bloke Refinance?

Here’s a common question. This comes from SFGate: Q: I bought my condo 18 months ago. The interest rate on my 30-year loan is 6.25 percent. Should I consider refinancing to a lower rate? I plan on staying here and … Continue reading

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Private Equity Firms Gambling

Banks are more reluctant to lend money these days. Duh. What to do? Take a chance. LONDON (Reuters) – Buyout firms may need to take higher risks by stumping up more equity on bids and gambling on being able to … Continue reading

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