Most people know that good credit is desirable. After all, most of us spend out entire lives trying to keep our credit on the plus side of things. Interestingly, good credit is not only important when it comes to gaining a great interest rate, but it's also important for a variety of other reasons.Did you know that many employers check your credit prior to hiring you? The reason for this is that some employers want to make sure that you are...more
An equity-indexed annuity is a type of annuity that grows and earns interest based on a formula related to a specific stock market index.An Equity Indexed Annuity with an Income Rider is a contract between you and the insurance company which provides:1) Guaranteed return of principal,2) Returns linked to an index (subject to a cap),3) Credited gains cannot be lost,4) Guaranteed minimum interest,5) Liquidity features (nursing home, critical...more
Even though homeowners have always been able to get a home loan modification, recently the process has become a topic of conversation because of the downturn in the economy. Today renegotiating has become commonplace. However, there are still much confusion and misconceptions about home loan modification.Since the introduction of President Obama's Making Home Affordable Plan, there is now a clear set of steps lenders must follow to approve a home loan modification. Until December, 2012, homeowners can apply for a home loan modification and take advantage of the $75 billion initiatives. Lenders get a monetary incentive for modifying homeowners' loans. This new plan makes a modified loan a better alternative than foreclosure. Lenders are encouraged to work towards a solution that gives them a higher profit. Foreclosure is time and money consuming for the lender so if there is a reasonable alternative, such as the Making Home Affordable plan, lenders will choose to modify over foreclose.It is also commonly believed that Homeowner Stability Initiative funds are beneficial to short-term investors and speculators. This is also untrue. Only homeowners who are living in the home for which...more
The word annuity has its origins in a Latin term that means "annual." Today, an annuity is an investment product sold by insurance companies.Annuities can be purchased through a series of contributions or in one lump sum. The money put into the annuity contract is allowed to grow for a period of time. Then, at a future date, the contract is...more
If you look at your money situation and understand that you want to have a strong financial future, you need to be able to find the right person to help you. You will need to talk to a professional, who can listen to what you have to say about how you think your money is working and can give you good advice. Thats why selecting just any Denver...more
With today's economy reeling from the high prices of gasoline, food and everything else, it can be a little harder to become debt free but, it can be accomplished. With thousands of people loosing their homes to foreclosure, which by the way was their own fault because most of them bought more home then they could afford, not including those who where hit by a job loss or worst yet, health reasons. To people maxing out their credit cards just trying to survive. Is the economy really that bad? We feel that most of the problem is really not that bad due to the fact that there is a lot of political manipulation, being election year and all. That is not to say that there isn't a hint of inflation happening right now. Just look at all the prices for the basics such as bread, milk, meats and gasoline. People have been in debt since we began to barter and created currencies to exchange for things. The wise man always said, "Neither a borrower nor a lender be." Those words are very powerful but, unfortunately, not many live by that today. We have been programmed to believe that in order to be successful in life, we have to accumulate physical products so that we may show others how...more
If you want your money to work for you in the present and the future, you need to start investing in financial planning. But you wont be able to do it on your own. Its up to you to bring in the income, but you need the assistance from an Atlanta...more
Secured credit cards are a reliable option for many consumers. How to tell if they're right for you, however, depends on a number of factors. Here are some signs that a secured offer could help your financial situation.You have a Low Credit ScoreAre...more
When you apply for the federal government's loan modification plan, expect to get a permanent change in the terms of your loan. After you and the borrower come to an agreement, your mortgage will be reinstated and any efforts being made towards...more
Each year thousands of families find that they can't keep up with their mortgage payments anymore. This can happen for a variety of reasons such as too much debt, the loss of a job, illness, or even divorce. Regardless of the reason, bank...more
A lot of people do not even realize that they could be saving money by buying used moving boxes. When it comes time to move to a new house or office it is already expensive so when there is a chance to save money that is always a good...more
You work in order to meet your daily needs. You can work overtime and even work on two shifts to cover your daily expenses. The catch is, there will come a time when you will need cash immediately for emergency situations like accidents or because...more