By Mandi Woodruff | Business Insider – Mon, Jun 10, 2013 3:40 PM EDT By the time Ken Ilgunas was wrapping up his last year of undergraduate studies at the University of Buffalo in 2005, he had no idea what kind of…
Are there any income tax consequences on a short sale? No, not this year at least. Last year, Congress extended the exclusion for another year. If they had not extended it and…
The home loan mortgages to avoid are : Interest only loans Adjustable Rate Mortgages (ARM’s) Balloon Loans The reason to avoid Interest only loans is because you never pay any money towards the principal loan amount that you borrowed. You’ll…
When is doing the least is best? There basically three times when doing the least is best. They are: When borrowing money, borrow the LEAST AMOUNT possible. When borrowing money, borrow for the LEAST TIME possible. When borrowing money, borrow…
By Justin Pope, AP Education Writer | Associated Press – Fri, Dec 7, 2012 A new version of the income-based federal student loan repayment program that’s more favorable to many borrowers will go into effect starting Dec. 21, according to regulations scheduled for publication Friday. The “Pay…
Below is a five day devotional on debt from YouVersion. DAY 1 Debt can cause so many problems both financially and spiritually. When too much debt is attained it is as if we become trapped, drowning in our finances. Our…
The expanded HARP program or HARP 2.0 took effect on December 1, 2011 for borrowers with a loan-to-value ratio of less than 125 percent and in the first quarter of 2012 for borrowers with a loan-to-value ratio of greater than…
“God Is Faithful” Today – October 25th “The rich rule over the poor, and the borrower is servant to the lender” (Proverbs 22:7 NIV) Principles of Borrowing by Chuck Bentley In recent decades, debt has become a way of life…
“God Is Faithful” Today – October 23rd “Lord, my heart is not proud. . .nor do I involve myself in great matters, or in things too difficult for me” – (Psalm 131:1) Business Bondage by Larry Burkett Business bondage is anything that…
