There are many factors that can affect lending by most bank managers and many of them are outlined below; 1. Type of account the customer operates: Although loans are available to non-account owners, in general more loans are given to current account owners as compared to those operating savings accounts. 2. Amount involved: If it … Read more
Federal Reserve Bank on November 1, 2005 [Fed] Raised interest rates by a quarter percentage point. Since the summer of 2004, outgoing Fed Chairman Alan Greenspan has been raising interest rates on a regular basis, reaching as low as 1% since then. Now at 4%, Greenspan is expected to raise rates twice before leaving office … Read more
The blame for the housing crisis has been placed several times on President Clinton, who was urged by minority leaders while he was in office to expand opportunities for homeownership. As a response, President Clinton urged lenders to offer more flexible loan programs to help minority families, who otherwise had been left out of the … Read more
Do you need cash to consolidate debts or finance the college education of your family members? Are you having a hard time finding extra cash to supplement your income or meet unexpected needs? At such times you might be thinking that you have nowhere else to turn. But if you own your home and property, … Read more
Ok, let’s start… I wish someone had shown me how to keep my sanity through bankruptcy when I went through it because it was really hard for me. When life comes hard on you and all your bills and debts become so overwhelming and overwhelming, here are some things you can do to preserve your … Read more
Well after a year that started off so well I am sure there are a lot of investors out there who are unsure where to invest and whether property is still a suitable investment vehicle. This article lists some key points that any buyer should keep in mind before making any purchase decision for investment … Read more
As a senior, it can be difficult at times to enjoy life to the fullest. Sometimes there are times when you need extra cash or a line of credit to access any time you choose. Would you like to buy a vacation home, support your grandchildren or send them to college, while you are still … Read more
Many of us are facing many challenges while going through life and our highly developed environment. In my case, like millions of workers around the world, finally reached the stage of middle age and constantly faced a very complicated social and economic environment. After a life long career in the lending industry I realized that … Read more
Lately, it seems like we’re living in history every day. The United States has not seen such turmoil in the financial markets since the Great Depression. What started in the subprime mortgage industry has now spread to Wall Street. When investment houses that have been around since the Civil War close their doors, it is … Read more
Homeowners who have missed several mortgage payments and wish to apply for a loan modification need to be prepared to make an initial payment to their lender. In some cases, your lender may ask for a good faith deposit when you apply for a mortgage loan modification. You need to be aware of this possibility, … Read more