Fannie Mae (FNMA/OTC) has introduced HomeReady™ mortgage. This program is aimed to allow low and moderate income individuals access to an affordable, sustainable mortgage. While this program is not yet available, Fannie Mae will provide additional details to lenders in the coming…
Fannie Mae and Freddi Mac have started backing low down payment mortgages. You can get a home by putting only 3% down. Don’t do it! Remember the housing crisis that hit just a few years back? It occurred, in part, because…
Two types of bankruptcies that are most commonly filed when you are drowning in debt are Chapter 7 and Chapter 13. Chapter 7 is the most common type of bankruptcy. It is available to both individuals and businesses. Another name for…
A change in how the most widely used credit score in the U.S. is tallied will likely make it easier for tens of millions of Americans to get loans. AnnaMaria Andriotis joins the News Hub to discuss.
I came across this article and thought some of you might enjoy reading it. I only re-posted a few paragraphs of the article and a link to the full article. Posted by Jesse Clayburgh at 9:00AM Since high school I’ve always had…
For many college graduates, college loans are a terrible burden. Refinancing college loans into loans with affordable rates is next to impossible. However, SoFi founder and CEO Mike Cagney has created a wonderful solution to this problem. SoFi is a social lending…
By Jeffrey Strain, August 19th, 2013 There are huge disadvantages of having no credit score. I actually know this better than most. After living over ten years in Japan, I came back to the US naively assuming that the credit history…
College is starting soon for many of you. With it some of you will undoubtedly incur student loan debt. There is a free ebook, Student Loan Debt, which you can get to help you with your student loan debt. You can obtain…
Even though the below video talks about Canadians, it applies to everyone. Minimum payments on debt cost you a lot of money. Published on Jun 28, 2013 So many Canadians are living in debt. They buy and then just make the…
