Credit and Loans

How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage

How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage

When it comes to a reverse mortgage, wise consumers weigh the advantages and disadvantages prior to signing on the dotted line.

Let’s start on a positive note, you could do what most borrowers do and opt for the reverse mortgage line of credit. Just think about how you would then be able to draw on the loan whenever money is required for daily living expenses, medical bills, prescription costs, home repairs, etc. This could really enhance your retirement years including in-home care expenses in later years.

Mugged While Sleeping…Leads To Credit Repair - Identity Theft

Mugged While Sleeping…Leads To Credit Repair - Identity Theft

On the way home from work, Tom looked at a short list on his “to do list” and began sequencing the list into a logical travel pattern to minimize crisscrossing. Sunday grilling with family and guests were an important event around the pool while cooling off and just chilling and relaxing and disengaging from the challenges and stress from work. This would be another great weekend.

While at the check out in the grocery store, the total rang up $192.52. Tom had given their other credit card to Tricia in the morning so she could make her stops as well. “Sir”, the check out lady said seeing he had a credit card out, “will that be credit or debit?” Tom said, “credit”, as he swiped his card. Some moments passed. “Hmmmmm….” The check out girl said, “Do mind swiping your card again, this one didn’t take.”

3 Most Expensive Home Equity Loan Mistakes

3 Most Expensive Home Equity Loan Mistakes

Home equity loans can be a wonderful source of credit. However, when it comes to home equity loans, you can’t afford to make a mistake—your house is the collateral. Below are the three the most common, and the most expensive, home equity loan mistakes.

Mistake One: Choosing the Wrong Home Equity Lender

The competition between home equity lenders is fierce. They are currently offering the lowest interest rates that have been seen in years. Before choosing a home equity lender, there are a few things that you should consider, such as interest rates, closing costs, lending fees, and loan terms and conditions. Don’t be afraid to shop around. Choosing the wrong lender could be one of the biggest home equity loan mistakes that you can make.

5 Things You Should Know Before Buying A New House

5 Things You Should Know Before Buying A New House

Are you thinking of buying a new home? Most people buy a home with the help of a mortgage loan. Would you qualify? Are you making the right choice? Here are 5 things you should know:

1. Be Free from Debt.

Do not make big purchases on credit unless you are paying by cash. This includes furniture, cars, electronics, restaurants, jewelry, lavish weddings and parties etc

2. Do not “Job-hop”

Do not change your present job just before applying for a loan, unless it is for a higher paying job. Job-hopping is out. It suggests a lack of stability.

Twelve Benefits of Do-It-Yourself Debt Settlement

Twelve Benefits of Do-It-Yourself Debt Settlement

Although the tide of bankruptcies receded after the new bankruptcy law went into effect on October 17, 2005, a swelling volume of new personal bankruptcy filings are starting to flow into the court systems. With consumer credit card debt now over $820 billion and 97 percent of consumers seeking pre-bankruptcy credit counseling unable to repay their debts, analysts should not be surprised to see bankruptcy numbers steadily climbing.

In the wake of these developments, debt settlement is becoming a popular bankruptcy alternative for consumers experiencing financial hardships. This trend will likely continue as the economy continues to suffer from sluggish growth, stagnant personal income, a persistent negative personal savings rate and rising gas and energy prices. In tough times, debt settlement often provides the fastest resolution to overwhelming debt outside of bankruptcy.

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