During a real estate downturn its easy for someone to overlook the big picture and question why they should be interested in investing in the residential real estate market. It can be difficult not to listen to media reports and members of Congress talking about how hard it is to be alive. Dont forget that before this real estate downturn, real estate was the hottest investment you could find. While its true that what goes up must come...more
Seller Financing to the Real Estate RescueBanks arent lending, sellers cant sell and buyers cant buy. Seller financing opens up huge pools of potential buyers who are willing to pay fair market value and above average interest rates to the seller who is willing to take payments instead of all cash at once.Fifty percent of potential buyers today no longer qualify for conventional loans due to stricter lending guidelines being put into place...more
With Australians right around the country frugally looking for ways to tighten the purse strings during this economic downturn, it makes sense to look at every dollar thats leaving your account and work out where the moneys going.There are obvious ways you can reduce spending like cutting back on take away and your morning coffee, but to be honest Id rather not.So what would you say if I told you that you could save money every month without having to forego any of the little pleasures we enjoy on a daily basis?Its true. What Im talking about is fees.Think about it. You pay $2 here for using another banks ATM, $5 there for not returning the DVD on time and by the end of the month you seem to have racked up $20 or so.ATM fees in particular have been in the media lately because of the introduction of the new ATM Direct Charging reforms. Under the reforms, youre now charged directly by the ATM owner when you use an ATM not belonging to your bank.However, given most banks now offer customers at least one account with unlimited ATM transactions, as long as you use your own banks ATMs, you really can avoid getting charged what are known as foreign ATM fees.Here are a...more
Contrary to the TV footage of the January sales, Australians have become a nation of savers.Not only have we been saving, we have also been paying down credit card debt and maintaining our mortgage repayments despite falling interest rates. In fact, after a decline in December, APRAs January figures show that deposits grew 1.4% and credit card...more
But bear with me for just a moment while you imagine this scenario: its the first week in December, youre about to start on the three week spending binge of gifts, food, decorations, booze and holiday accommodation, and you realise you havent set aside a penny, not a bean, to help you foot the bills.Fast forward to the end of January 2010,...more
MortgageA mortgage is a type of loan, primarily used to purchase property, in which a lender or mortgagee provides credit facilities or finance to a borrower or the mortgagor, after obtaining a legal protection in the form of an official commitment, according to which the lender holds a legal right to sell or carry out transactions or activities to recover the loan amount, in the event the borrower becomes delinquent and is not able to repay or redeem the borrowed capital. In simple language, a mortgage is a loan undertaken to buy property in which the borrower gives official powers to the lender to sell his or her property if it is not possible to repay the borrowed amount. Majority of the banks and building societies offer mortgages and mortgage facilities, as well as mortgage companies.RefinanceRefinancing means the process or activity in which the existing debts or financial obligations incurred due to a loan or financial borrowing is replaced with a new loan or credit facility having different terms and conditions, lowered interest rates, and a restructured loan or debt repayment plan that is based upon the borrowers monthly income and cash inflow. Refinancing of existing...more
The most vital part of your financial well-being is your credit score, commonly called your FICO score because most scores are determined on the Fair Isaacs Corporation Credit scale. When we typically think of the importance of our credit scores, we...more
As the UKs recession develops, debt advisers are being swamped by people desperately struggling to manage their mortgage repayments, credit cards and loan repayments. There has been a 40 per cent increase in people with arrears on mortgages and...more
Private student loan consolidation cannot be generally mixed with federal student loans due to the low interest rate on the latter. However, there are several options open to refinance the private student loans by replacing them with another.The main...more
The number 1 objection I hear from real estate agents when the subject of doing a lease option or rent-to-own is broached is "How do I get paid?" Sometimes the agent will be concerned about how they get paid but don't want to flat out ask it. So...more
A frustrating situation that bankruptcy attorneys are often faced with is meeting clients who have drained their retirements in an effort to avoid bankruptcy, only to end up filing anyway. In a bankruptcy situation, funds in a qualified retirement...more
The skill in being able to manage could be a profitable secondary asset for any qualified employee or staff with any specific training in a certain area. Actually, the duties and responsibilities of the senior management personnel in any organization...more