Worry is a common practice for many people these days. Even with the occasionally rally in the market there is still an undercurrent of fear. The best way to deal with fear is to face it head on. What if I lose my job? This is a reality for people every day and the truth [...]
The loan industry felt some heavy rumbles the last couple of days. There was the seizure of IndyMac on Friday – only the second bank of its size to go under since the Great Depression – and then the government bailout of Freddie Mac and Fannie Mae. What does this mean to the average citizen? [...]
It is amazing how much money a mortgage actually costs. The average home buyer will pay double or more for their purchase if they follow the payments laid out by the mortgage and pay it off according to the original terms. Example: A home purchased for just $100,000 at 6.5% interest with a 30 year [...]