Top Financial Leader Thinks Second Wave of Foreclosures Coming July 1
“We have a wave of foreclosures coming after July 1, which may make the first wave look small by comparison.” - Sen. Christopher Dodd (D-CT) Earlier this week, Senator Christopher Dodd (D-CT), Chairman...
View ArticlePay Off Your Mortgage By Age 65
Being a recent first time home-buyer, my final mortgage payment is comical to think about. And this is exactly why many people don’t think about actually paying off their mortgages, ever. The...
View ArticleYour Guide to House Hunting
Both Freddie Mac and Fannie Mae have gotten quite a bit of media attention on their recent bailout, a la Bear Stearns. While the consequences for this hasn’t been felt yet (and I am pretty sure that...
View ArticleRenting vs. Buying
It’s the American dream, buy a home and raise a family. For many, buying a home just feels like the right thing to do, but really couldn’t tell you the financial benefits for doing so. In fact,...
View ArticleMortgage Buster: Scam or Savior?
We were recently approached with an interesting question regarding making interest payments. While there are many different ways of manipulating money, the absolute hardest way is to manipulate it to...
View ArticleMilk Your Money Tools
As the internet doubles in size, power, and reach at such an exponential pace, we are evolving our websites to not only display “content,” “opinions,” “news,” and who knows what else. Now we are...
View ArticleNegotiate Real Estate Commissions
Selling your home can result in realizing extreme amounts of real estate equity, however, commissions paid to your realtor can really eat into your profits. A recent Consumer Reports Magazine reported...
View ArticleWhen Is Too Much, Too Much?
We are in the process of looking into buying a house. We found one and have been going over the numbers over and over and determining that our budget would stretch really tight. It would be doable,...
View ArticleA Second Look at Location, Location, Location
Real estate experts say that when you are shopping for a house, the three most important things to consider before buying is location, location, location. We discussed this some time ago abut I wanted...
View ArticleMYM Series: Wall Street Bailout Explanation 1 of 4
You’ve heard the news; Wall Street’s biggest financial institutions are in need of a major financial Government backed bailout in order to stay afloat. What does this actually mean? How will it...
View ArticleMYM Series: Wall Street Bailout Explanation 2 of 4
Understanding the Crisis: Timeline of Failure & Who’s at Fault? How did we ever get to the point of needing $700 billion dollars from the Federal Government? Were the regulators asleep at the...
View ArticleInsiders Perspective: Embarrassing Congressional Reaction to an Originally...
MYM Series: Wall Street Bailout Explanation 4 of 4 We have learned today that the House of Representatives passed the Emergency Economic Stabilization Act of 2008 by a vote of 263-171. Because the...
View ArticlePurchase Real Estate Within Your Self-Directed IRA
The increased volatility in the stock market recently has probably got you thinking where you should park your money. One interesting investment option that is overlooked by many is using your IRA to...
View ArticleAlternative Home Equity Loans—Unregulated, Costly, and Dangerous
Credit seems to be easing a little, which means maybe the Government’s move to purchase shares of banks is working. I don’t think credit will ever be as assessable as it was just a couple years ago,...
View ArticleWhen Will the Market Improve?
We are rounding out the end of 2008, which will be known as having one of the worst economic times in the history of money. There are few schools of thought as to know what to do in times. Some...
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