When debt issues start mounting, they can cause individuals to live in a cycle of distress. With collectors making frequents calls and past due notices showing up in the mail daily, the pressure just continues to mount. At some point, everyone will eventually reach the breaking point when they have to start looking for solutions. …
Is Filing a Chapter 13 Bankruptcy Really a Get Out of Jail Free Card? Read More »
If you need money, you might be thinking of borrowing money from reputable lending institutions. And there are many options out there for borrowers to choose from, such as banks and various lending companies. Another popular option that most borrowers consider is credit unions. However, not everyone has an idea of how exactly a credit …
The Ultimate Guide to Borrowing Money from Credit Unions Read More »
A lot of us have incurred debts at some point in our lives. It is something we cannot avoid scuffling with. The burden of having debts, however, varies from person to person. It could weigh heavier to those who have less in life, or those who have to take out more loans than most of …
Simple Tips On How To Manage Your Debts Effectively Read More »
I’ve come across many personal finance articles that giving advice on choosing a loan provider. Many of them give sound advice: shop around, go for the lowest interest rates etc. While the concepts behind these articles are very sound, I can’t help but feel that they haven’t kept pace with technology. Because here’s the deal: …
Here is just some decision flowchart on what I think you should do for your home/mortgages in many circumstances. It’s based on my personal opinion, and you should always consult professionals & legals when it applies. There aren’t many solutions for you besides out-right sale, short sale, refinancing, loan modification, foreclosures, and walkaways. But you …
A Decision Guide On What You Should Do For Your Home Mortgage Read More »
Actually it’s a little too late, but better late than never. I will be doing a refinance. My previous loan is a zero-cost loan, meaning that it’s a no-point no-fee nothing-out-of-my-pocket and nothing-added-to-my-loan-balance loan. I paid a slightly higher interest rate, but I think it was worth it. Anybody who wants to refinance or get …
I heard about many things on refinancing to get out of the coming ARM reset, and I talked about saving these reset by re-refinancing myself too. But such a successful refinancing depends heavily on the amount of home equity you built up (or the valuation of your home), and is only for people who did …
To the current homeowners: think again before you send the keys to the bank and walk away from the house. Do you think that when the housing prices fall, you can simply walk away from all the loans? Well, if you didn’t know, I am going to explain it to you. There are loans that …
