Debt Consolidation Advice!Free Quote. 30 Minute Response. Reduce Your Debt By 60% to 80%
FHA Mortgage loan COMPENSATING FACTORS
FHA Mortgage loanPENSATING FACTORS
For the home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the FHA loan program include:
Minimal Down Payment and Closing costs.
Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.
Easier Credit Qualifying Guidelines such as:
No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.
New Debit Card Fees Got You Angry? Switch to a Local Bank.
Bank of America made news a few weeks back with its announcement to begin charging a $5 monthly fee for using its debit card. As you can imagine, this (along with other new credit card fees) generated the kind of publicity BofA would rather not have.
A consumer backlash and bad publicity from bloggers. Here are but a few examples:
- NerdWallet shared 6 Ways to Fight Back Against New Debit and Checking Fees.
- Free From Broke shared his information about the New Bank of America Debit Card Fee: Here’s What You Should Know.
- The new fee prompted PTMoney to write What You Can Do About It
- And Ron at The Wisdom Journal told us How You Can Avoid The New Debit Card Fees .
Perhaps the easiest way to fight back is to simply take your business elsewhere. There really is less and less reason to use a big bank. And besides, it was the multi-national banks at the heart of the financial crisis in 2008 not local banks. Lo
7 Things to ask a debt counselor
If you are thinking of hiring a debt counselor, there are a few things that you should first ask them before finalizing your deal. You should know that your debt counselor is someone who will be representing you and helping you in your credit dealings, which is why it is important that you choose the right person. In this article, we shall discuss some of the basic questions that you must ask your debt counselor before your hire them. A few questions will clear your doubts and will help you greatly in establishing trust between you and the debt counselor.
What are the services that you offer?
By asking this simple question, you will be able to see whether the debt counselor that you are hiring will be able to help your case or not. This will also give you an idea about whether the debt counselor is worth your time and money too, so you should start off by asking this question first of all. Read full post…
Strike Gold Moves into Tanzania
Organize your online bill paying
It’s gotten to the point where I feel absolutely ridiculous opening a paper bill. Don’t get me wrong—I’ll always love good old-fashioned books (you know, pieces of paper bound together at the spine?). But when it comes to bills, I’ll be happy if I never have to look at another piece of paper ever again.
I’m not alone—about half of consumers pay their bills online. Aside from the obvious eco-friendly benefits, going green can help you save more green. You’ll always have access to past bills (helpful if you want to compare last year’s heating costs or see if your interest rates have been hiked), and you can automate bill payments to avoid costly late fees.
If you already pay online, Manilla can help you get organized. The site allows you to receive paperless bills, as well as store and organize them—all for free. (They m
Why Prefer Roth IRA over Deductible IRA?
The world is very fast paced and you need to think fast and plan ahead if you want to stay ahead. You might want to make some smart decisions when it comes to your Individual retirement account. Choosing a one that allows you tax free growth of principle would be the wise option and the closest option you have to it is the Roth IRA. For a detailed list on the contributions and filing process of these accounts, you can check out roth-ira.org.
Not many know the advantages of Roth Ira over the more traditional deductible IRA. Though both of these are similar in structure and rules, the Roth IRA does have a slight advantage over the deductible IRA. Read full post…
Credit Repair Helpful Tips
A person can gain a large amount of debt over a lifetime. Individuals begin to gather debt once they take out educational loans. Once a person has started to make a decent income after school, he or she can then start paying off this student debt. More bills start to build up in the form of mortgages, car payments, and revolving credit card balances. Many individuals then have to rely on their credit cards in order to make ends meat, which further plunges them into debt.
However, there are solutions for people who are looking to perform credit repair and eliminate debts. Individuals can fix their financial records either on their own or with the help of a professional organization. There are pros and cons to both methods and a person has to be aware of both before making a final decision.
A person who chooses to fix his or her own credit without any assistance must initiate a fairly complex process. The first step that a person must take is the contacting of a credit bureau. Read full post…