Quarter of Americans Are Unaware of Their Mortgage Status
October 2, 2008
America has seen some bitter weather recently in terms of financial matters. The turbulent storm of a recession has been brewing on the horizon, and people are afraid that it may touch land and bring down a furious torrent of hardship and fiscal misery.
Although the issue is tied to matters beyond individual behaviour, there is still a problem with many people across the nation who had or has mortgages. Put simply, they don’t know what the nature of their home loans is exactly. [Read more]
The Advantages Of Using A Second Mortgage To Consolidate Debt
June 24, 2008
Most of us seem to be struggling with debt of one sort or another these days. The debt is usually divided up among a number of different sources. Each one of these sources has a different interest rate and other fees associated with them to add to our overall debt load. If you are a homeowner, there is a way to alleviate this type of situation. Debt consolidation is a method of combining several payments into one that will usually be lower than the total of those you are currently trying to pay. The debt consolidation method used by a longtime homeowner is to take out a second mortgage on their house. [Read more]
Record High Foreclosures
May 28, 2008
Another piece of devastating news hit the media recently concerning foreclosure rates. In a report released last month the amount of home foreclosures rose to an all time high during the last portion of 2007 between October and December.
This news has fueled the ever growing fears that many consumers have regarding the possibility of a recession while others are using this data to help prove the thought that the U.S economy is already in a recession. [Read more]
Mortgages Affected By Global Finance Crisis
May 23, 2008
The IMF, or International Monetary Fund, recently announced that the worldwide financial situation relating to the global credit crisis is worsening. The results of the dangerously high default rates on subprime mortgage in the United States are having more and more far-reaching consequences, far beyond America. [Read more]
