17th November 2006
Homeowners continue to use mortgage refinancing to cash out their home equity. In the first quarter of 2006, 44% of all Freddie Mac mortgages were refinanced loans, down slightly from 45% in the fourth quarter of 2005. ?While more of the borrowers who ref...
16th November 2006
When shopping for a car, new or used, start by asking yourself a few questions:
? How many miles will you be putting on the car weekly?
? What are the mpg ratings for the cars you are considering?
? How will the car primarily be used?taking kids to soc...
16th November 2006
Mortgage refinancing means paying off your existing mortgage with a new loan, using the same property as collateral. The amount you'll save by refinancing will vary depending upon current interest rates, refinancing costs and tax consequences.
Mortgag...
08th November 2006
Homeowners continue to prefer cash out refinance loans to other forms of borrowing. Frank Nothaft, Freddie Mac vice president and chief economist, says,
“Mortgage borrowers continue to refinance their mortgages at a higher frequency than historically...
07th September 2006
The biggest question in the car buying process is whether to buy new or used.
The second biggest question is what make and model to purchase.
The third most important question is where to get your financing.
#1 New or Used
The average new car cos...
03rd September 2006
See how many of these questions about bad credit you get right:
What exactly is bad credit?
"Bad credit" is defined as a FICO score of 620 or lower. FICO (the initials stand for Fair, Isaac and Co.) scores range from 300 to 900. A score above 680 sig...
31st August 2006
Dealing with auto dealers can be the most daunting and frustrating part of buying a vehicle. Here are seven things you can do to tilt the playing field in your favor and help you get the most auto for your money.
1. Get your financing first:
Smart bu...
24th July 2006
"Using a real estate agent is a very good idea," says the U.S. Department of Housing and Urban Development (HUD). "All the details involved in home buying [and selling], particularly the financial ones, can be mind-boggling. A good professional can guide ...
19th July 2006
There are more than 19,000 mortgage companies in the U.S. and some of the largest and most reputable of them specialize in subprime mortgage refinancing.
Steven Frank, Senior Vice President of Marketing at FlexPoint Funding identifies a subprime borro...
07th July 2006
Bad credit car loans are easier to get than ever before, thanks to the growing subprime loan market. Almost half of all car loans today are bad credit loans, in that they are made to borrowers with FICO scores below 620.
Bad Credit Buyers Beware
Bad c...
28th June 2006
More and more consumers are getting their auto financing online instead of from the dealerships where they buy their vehicles. Getting auto financing from a dealership has some benefits:
* Convenience - vehicles and financing are in one place and the d...
26th June 2006
Getting a bad credit car loan is only the beginning for drivers with money problems. If you have a credit score below 620, you will be in the bad credit category. You can still get a car loan; you'll just be charged a higher interest rate.
To offset th...
20th June 2006
Getting online auto financing has become very popular in the past few years. According to a recent survey by Forrester Research, online shoppers are expected to spend $15.9 billion on autos and auto parts in 2006. The study also notes that, "22 percent of...
16th June 2006
Almost half of all car purchases in America are financed. Couple this with that fact that 30 million Americans have credit problems and you see why there's such an interest in bad credit car loans.
While carrying higher interest rates than prime loans,...
07th June 2006
Bad credit second mortgages make up a sizable part of the mortgage market. According to a recent survey by the Mortgage Bankers Association, the number of second mortgage originations increased by 13 percent in the second half of 2005 and closed-end secon...
