Whether you are in twenties and wondering how best to make your money work for you or in your forties and desirous of ensuring your retirement is safe, it's never too late to begin investing. Before you jump into the stock market with a "sure thing" tip from your neighbor, however, be sure to do your research and understand what you can realistically expect from your first year of investing.Finding Support for Your Financial PlansConsulting a...more
If you as a homeowner are in desperate need of a financial break, it is imperative that you have the knowledge and know how to create a loan modification hardship letter. You will need to be able to effectively communicate your situation and why you need this option. Here are three must know topics that must be communicated to your bank.1. Give a quick synopsis of why you are in your current situation that is preventing you from fulfilling your...more
Often homeowners attempting to escape burdensome mortgages that they are unable to pay are unable to do so because they do not have the expertise to write a compelling loan modification hardship letter. One's bank requires you to demonstrate the reasons why one should be considered for a loan workout. In order to achieve this, the best course of action is to provide a concise, detailed letter containing the 3 aspects which are detailed below.Following an outline for your letter is the best course of action because it allows for both the organization of one's thoughts and ensures that there is a structural basis of your letter that covers everything that one's bank requires to make a decision. The following paragraphs detail the 3 aspects mentioned previously that will ensure your bank understands your position and empathizes with you.1. What sort of financial problems led you to send this letter? It is important to provide a concise explanation for the occurrences that led to the problems. For example, if you were laid off or forced to take a reduction in income or medical problems have inflated costs of your health care, or if you had a rate change on your interest, you should...more
President Obama knows homeowners need help. That is why he announced his $75 billion “Making Home Affordable” plan. This plan will allow nearly any homeowner to get a mortgage refinancing, save money, prevent a home from being lost, or all of these things. Here is how President Obamas stimulus plan is helping homeowners get a...more
People have money trouble for different reasons. On the other hand, there are some mistakes and bad financial habits that are common in these situations. This explains why some people have these problems with money over and over. See if any of the following apply to you. 1. Not wanting to think about money. If you didn't pay attention...more
Streamline refinances are easier than other types of refinances because their is no appraisal or credit report required. The only time that this is not true is if the new loan amount exceeds the original loan amount, but if that is the case you likely won't qualify anyway. What makes a streamline refinance quicker and easier to obtain than any other type of refinance is the fact that their is little documentation needed to close on the loan.Basic Requirements For An FHA Streamline Refinance-Mortgage being refinanced must already be FHA insured-The mortgage being refinanced may not be delinquent-Borrower's monthly payment must be lowered-No cash outThere are certain things that need to be taken into account when doing an FHA streamline refinance. First of all, the mortgage being refinanced already has to be an FHA approved first mortgage. There is no cash out allowed by the borrower, and the purpose of the refinance is to simply lower the borrower's monthly interest and principal payment. To provide for closing costs, there may be a minor adjustment in the no cash out clause allowing up to an additional $500 above the original loan amount.The only repairs that are...more
Are you looking for a FHA loan modification? You can still get it. Lots of people who have obtained a FHA loan in the last few years are not finding it difficult to pay their bills now. There is still hope, though, even if the future looks bleak...more
This is not a million dollar question and every single individual knows the answer. However, most of them fail to stick by the basic rules to save money. Here are certain tips on how to save money. You do not have to buy expensive gift...more
Simple and effective. Sell Fort Knox Gold, all of it ! Equally dispense it to every tax payer in the US that is a legal citizen. That is 147 Million Ounces X 100 dollars. They will have to pay taxes on the gift, which will bail out the government....more
SEO ServicesI came accross an interesting site today that offers a unique SEO service called 'The Ultimate Viral Link Building System' and thought I'd give it a go and provide you all with a review of what it was like.I first came...more
While you have narrowed down your choice of clothes dryers to the couple that you are comparing you are probably asking what kind of clothes dryer review questions should I ask to make sure that I am going to get the best bang for my buck. Well, that...more
Boils are characterized by swollen, red bumps in the skin that is caused by an infection of a hair follicle; typically the culprit is the Staphylococcus Aureus bacteria. Individuals who repeatedly suffer from boils finds it very...more