Members: 96,189 -
3,168 Online Now
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "debt":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Film recommendation for you all. I am a big Pearl Jam fan and the lead singer Eddie Vedder was given the task of writing the soundtrack for a Sean Penn film, the soundtrack is stunning and I couldn't wait to see the film. It is based on a true story of … (0 comments)
In a mortgage lender's eyes, a good credit score translates into lower interest rates for home-shopping borrowers. The higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For this reason, borrowers with lower scores usually end up paying higher … (0 comments)
HOW TO RID YOURSELF OF DEBT! 
I just took this listing where the sellers were having trouble making the payments and were drowning in debt. The house looked like they felt. I had ideas about what needed to be done to get the house in showing shape but rather than going into detail & looking like the … (1 comments)
There are many things that affect your credit score. Among these are your payment history, the amount of debt owed, new debt incurred and credit mix. Your credit (FICO) score can range anywhere from 850 (the best) to 300. How well, or not, you score determines if a lender will give you … (0 comments)
Many people in western Kentucky probably aren't familar with something called a "short sale". It's not something you'd really want to be familar with. I receive at least one spam email regarding short sales every day. They are a big source of income for real estate agents in these states with … (5 comments)
I'm not one to complain about receiving $600 in the mail. But when it comes down to the check I got from the government for the economic stimulus package, I would have rather not gotten it at all.
Are you facing Foreclosure? Is a Short Sale really the only answer?
The answer is....no. The biggest mistake people make when faced
with the issue of not being able to make their house payment is hiding from
their lender. In actuality, lenders want to work things out with you, but if … (0 comments)
Long article, but a good overall read on how the USA became a debt nation.
Wouldn't it be nice to not owe money, to not have balances on your credit cards? It is possible and it feels great to know you don't owe. So how can you reduce your debt? Here are 5 ways you can.
I'd like to talk about a topic that is not necessarily a pressing matter for people buying luxury real estate, but which I still find very important: Debt. It is very sad to me to see so many people struggling with the enormous burden of debt.I recently read a wonderful editorial … (5 comments)
These days having a credit card seems almost like a necessity, not so much a luxury anymore. This has caused many people to get themselves into debt. So how can you save enough money to buy a home if you're in debt?
Recently the fall of our economy has shown us how important it is to save money and spend it wisely without borrowing or using credit cards. Now is a great time to share that wisdom with our children. 
June 7th, 2008 
Consumers who find themselves in debt often have several loan or credit card payments a month, each with its own terms, payment schedules and interest rates.
A multi-headed debt monster has been unleashed, I'm sorry to say this beast has arisen with a ravenous appetite. The use of debt is and will always be an important instrument for consumers to understand and use properly, however, in recent years this country has experienced an explosion in the amount … (0 comments)
Money.com reports that Americans are now $1.7 trillion poorer! This decline in wealth occurred throughout the first quarter of this year.
A high credit score establishes a person's capability to secure loans and meet payment obligations on schedule. Based on the commonly used credit scoring system developed by Fair Isaac Corporation (FICO) back in the 1960s, credit score is determined with the following considerations:
After so many years of qualifying mortgage clients by the same rules our fathers, or Grandfathers played horseshoes, many loan originators have never had to actually meet strict numbers!
Full Documentation Commercial loans:
See Who's Missed Their Payments
The Federal Reserve Bank of New York offers an interesting way to see non-prime mortage statistical information at the state, county, and zip code level. Values are shown using a "relative strength" comparison by color code.
Anyone else out there using Dave Ramsey's principles?
So, I don't know if anyone watches this show but, it has seriously disturbed me. Not only has she said tonight on tv that people should finance their credit card debt and other unsecured debt into their houses but, she has also crapped on people who are having finacial problems. She … (12 comments)
… (0 comments)
Hi Everyone,
If you have clients that are struggling with their debts. This is just another site that will give them opportunity to explore their options. People that are buried with debt should try to explore as many options as possible. This is just one of the options. One of my … (1 comments)
I was speaking to a friend of mine that is trying to jumpstart his business. He's run into some rough times and given the current state of the economy, I know that things are hard for a lot of people. However, this friend of mine, complains that he never has any … (11 comments)
We just learned a painful lesson. We have been working with a person who gave us a huge bill that we did not create. We negotiated an agreement and backed out of the deal.
… (0 comments)
The Good, The Bad, And The Ugly Of Being A Landlord...
In a survey recently conducted by the GMAC mortgage company, a thousand customers nationwide were asked to ascertain any obstacles they have to homeownership. 24% of them specify a lack of fiscal security, at the same time 23% indicated saving for down payment. Both of these issues can be as … (0 comments)
"Despite a challenging economic environment, Visa recorded strong growth in payments volume and transactions globally and across our diverse suite of products - a trend which is continuing into the fiscal third quarter," Visa Chairman and CEO Joseph Saunders said in a statement Monday. Visa Inc., the world's largest credit and … (2 comments)
I know that these days, the wonderful journalists who like to bring us the daily news like to push the limit on the truth and exaggeration. We have all adapted to that, its the world that we live in I guess. I mean just look how much attention a pop … (0 comments)
Preparing for a economic slump will ensure you and your family come out on top. As news about the collapsing economy is disseminated throughout the nation, many consumers begin to take the necessary precautions to ensure they aren't left in the dust. Keeping your assets and investments in line throughout the remainder … (0 comments)
I was in the kitchen the other day and while I was washing some dishes I heard my youngest daughter crying outside. I stopped for a moment and went out side and instantly my son pointed at my oldest daughter and my daughter pointed at my son. I did not even … (1 comments)
This past December President Bush signed the Mortgage Forgiveness Debt Relief Act which means that any debt forgiven by a lender for a primary residence will not be taxed. This applies to all short sales, foreclosures, workouts, etc. This relief applies to all debts forgiven between January 1, 2007 and December … (3 comments)
Is Cancellation of Debt Always Income Taxable? What does IRS say? Not always. There are exceptions. Some situations when cancellation of debt income is not taxable involve:A. Bankruptcy: Debts discharged through bankruptcy are not considered taxable income. B. Insolvency: If you are insolvent when the debt is cancelled, some or all of the … (0 comments)
On March 27, 2008 AZ Governor Napolitano proclaimed the month April 2008 as Financial Literacy Month in Arizona.
I recently found a great resource for anyone and everyone. www.DaveRamsey.com is a blessing for many people. Dave talks about financial choices in everyday life. He teaches people the obvious, that we often forget. He has two books I highly recommend. Financial Peace and The Total Money Makeover. Both are amazing. … (4 comments)
In my last post, I described the short sale process. Some have expressed concerns about the effect the resulting debt-forgiveness of a short sale has on your tax situation. In prior years, any form of debt-forgiveness on a mortgage was considered earned income. Now, however, the Mortgage Forgiveness Debt Relief Act of 2007 allows … (0 comments)
Economic Stimulus Payments aka "rebate checks"
I see seven reasons why the mortgage and credit crisis is not as bad as some seem to believe ...
FTHer Series - 9. Paying off Debt
With Debt and Foreclosures at a new high in our country, there appears to be a need for financial literacy. For many of us, we've heard of the Rule of 72, and I must admit, it's tantalizing to the ears. If you're reading this, and you are unaware of this principle, it's … (0 comments)
Debit cards have become a very popular way to pay for everything from fast food to rental cars. The Federal Reserve reports that debit card transactions have been growing more than 20 percent annually and have surpassed credit card transactions. The appeal is understandable. Debit cards are quick and easy to … (0 comments)
Have you ever noticed that certain things always come or go in cycles? It's funny, but certain questions also seem to come in cycles, too. 
GET THE CREDIT YOU DESERVE!
Off-times many people feel that once they are in debt, they will always be in debt. That is simply not the case. Many
people who are in debt have the desire to become debt free but have a great fear of telling anyone about their situation.
Debt reduction services are there … (3 comments)
What is a Short Sale?In a Short Sale, a Financially insolvent homeowner who is facing foreclosure sells his home for less than the value of his loan. The lender accepts the sale as payment in full for the loan.With Today's Market and ever changing Interests Rates, many Home Owners who purchased … (2 comments)
Tips for Credit Improvement and Repair (Real Estate Broker in Northridge, CA)
Probably the most obvious and also the most important is always pay on time. Keep in mind that once you are more than 30 days late on a credit account, there will be a derogatory on the credit … (6 comments)
What does it mean to be in foreclosure anyways?
1. Probably the most obvious and also the most important is always pay on time. Keep in mind that once you are more than 30 days late on a credit account, there will be a derogatory on the credit report.
Buying a home is one of the biggest decisions you may make in life. There are several things you should do to ensure you make the right and best investment. First of all you should get pre-qualified. This is where working with a Real Estate Professional can help take the stress … (0 comments)
Six Spending Habits That Lead To Debt
As part of the government stimulus package the new FHA loan limits will increase from $362,000 to $729,000 for LA and Orange County. What this means to buyers, and those who may be sitting on the fence, is that 2008 is the time to buy. Interest rates remain low, and … (0 comments)
It is not always a lack of money that creates financial pressure. Many times it is simply a matter of attitude. It's the use of money and the attitude toward money that is the problem when overspending. There are many ways to get into debt but only one sure way to … (0 comments)
If you're not a homeowner, you might be confused by the brouhaha surrounding loan defaults and foreclosures. Learn more by understanding the basic terms used to describe a mortgage.
I'm just a independent contractor saving for my own retirement and have seen my net worth grow over the past 15 years. I started out learning from the broker of the company to keep track of my Savings and my debt listing everything on a sheet. Each year I update this … (1 comments)
Trigger leads respond at least 4x greater than any other lead source that we have come across. You are getting a borrower or prospect that has inquired about the type of product that you are offering. The best part is it's a lot cheaper than what you pay for an "exclusive" … (0 comments)
Imagine getting a letter in your mailbox that states your mortgage debt has been forgiven... here's your deed!
According to the U.S. Department of Labor, the number of working women in the U.S. increased from 30 million in 1970 to more than 65 million today. But what part of women’s economic value is protected against losses their families might suffer upon a death? The answers appear to be that … (8 comments)
Foreclosure Mortgage Debt No Longer A Liability and PMI is now Deductible
From the Desk of Rich Hayden - Financial Coach 207 S. Alfred Street, Alexandria, VA 22314 703.773.8409 - o 703.832.6467 - f rahaydenjr@yahoo.com www.richgetsitdone.com Become 100% Debt Free (including your HOUSE!) in as little as 8 Years!I gotta tell ya, I like this show. Now, I'm not a huge fan of … (1 comments)
Debt. It's the new four-letter word.
Money Merge Account Maybe The Greatest Investment Ever Created … (0 comments)
In recent months, the sub-prime crisis has reached unforeseen heights, infiltrating banks and financial institutions worldwide and causing many to report multi-billion losses due to the risky investments going sour. While the underlying economy of the US appears to be relatively robust, and the dollar's continued weakness has made investment and … (0 comments)
The first step toward leaving credit challenges behind is understanding where you are right now. Because your credit report is used by lenders to assess your finances, it's a good idea to review it yourself before hand. This gives you the chance to correct any errors and identify any continuing problems.
Who cares you say, in the long run you will because this simple calculation will produce a ratio that combined with your FICO score will determine what your interest rate will be and even if you can get a mortgage.
No the two are not the same thing. Although they may have a symbiotic relationship they are very different. Now I will not go into detail, but I will give you my take on the differences.
Why do I get the feeling that I've seen this before? The Fed makes the surprising move to cut 3/4 of a point mid session. What do they see that we haven't yet? Has the market gotten that much worse, or does the Fed think that it's previous measured response was … (2 comments)
