Subprime mortgage crisis

A credit score is a three digit number that can potentially affect your life in many ways. It is important to have good credit. Below is a list of some of the many ways that you will be able to benefit from having good credit: Easier To Get A Loan Or Credit Card Many people are afraid to apply for a loan or credit card because they believe that they will get turned down for having a bad credit score. There are many other factors that lenders take into consideration before they decide to…

Renting during an IVA One of the main concerns for anyone entering an IVA is what will happen to their home – whether that’s their own home or a rented property. You will find answers to the most common questions we get asked whether people can rent a property during an IVA below. Will an IVA affect my current rent contract? An IVA shouldn’t affect your current rent contract but we recommend you check your contract just in case there is a clause to say you can’t be insolvent while residing at…

Curb appeal is something homeowners typically only think of when they go to sell their home, yet this is a mistake. Remember the old saying about only have one opportunity to make a first impression, and think about what a home lacking curb appeal says to guests and visitors. Does it suggest the owner is lazy and doesn't care about his or her home? Some may think the person is very busy, yet others may think the owners don't have the money to make improvements. A large part of curb appeal…

Years ago when the real estate market crashed many Americans were effected. Not only people looking for homes but also people that had a job relating to this field. It started making many Americans second-guess their jobs or their life goals. There were also people trying to make money and sell their homes but were not able to because no one was willing to buy. During this time my family was one of the many looking to buy a house and we were put off due to the impact of the crash. While all of…

lived the dream. Feeling the pride of ownership, having a place to raise a family, create memories and receive tax benefits. Then the day comes the economy takes a downfall, and people start to lose their jobs. Cash becomes low, not enough to pay the mortgage on the house, and then the home is foreclosed. Taken away by the banks, losing the benefits of owning a home, and forced to waste money on a rental. Wondering if there is hope of ever owning a home again. Painting walls, adding new…

process behind it. The rent-to-own option is an enormous market as not all homeowners are willing to let go of their homes too. Nowadays it is also harder for “all in” purchases because not everyone has a good credit score to qualify for a loan for mortgage. The rent-to-own does not usually require a loan as the renter and seller just need to come to agreement in the contract of the monthly payment. This way both the seller and buyer are benefiting from it. The boomerang buyers are not in a…

The Orphanage Queen Time passes, year after year and as a result, nothing stays the same. Imagine that you are living with a wealthy standard and all of a sudden all of your happy moments while you were wealthy are gone with the wind. Unexpectedly an opportunity may spark up and take you from poverty to a high living standard again. No matter what we are and what way we are living in we will all return to one condition at the end. Regardless of whether you are rich or poor, in under a second…

A question many homeowners ask is "Do I really need a home warranty?" If you are smart, the answer is yes. Home warranties protect against a number of problems that always seem to arise at the wrong times. Plus, they can end up saving you a ton of money in the long run. Why Is Having A Home Warranty Such a Good Idea? A home warranty offers you protection when you need it most. Appliances break down. Pipes burst. Roofs leak. And these problems can appear at any time. When you have a home…

as a result they often end up making mistakes. The 7 mistakes every first time home buyer must avoid are given below. 1. Choosing A Risky Mortgage Plan Buyers unaware of the intricacies of mortgage plans, sometimes choose a plan that is risky and entails more interest payment in the future. For example, buyers think that getting an adjustable rate mortgage will initially lead to smaller interest payments. What they don't realise, is that after the initial low interest rates, the rates…

Conclusion A retirement planning checklist is more than about obtaining a plan while you are still working. If you do have such a plan set up, then of course, your retirement planning will be much easier afterwards. What is the most important is that you should do everything in your power to be financially, physically, and mentally independent once you retire, and not need to depend on someone else. Retirement Planning Tips This retirement planning checklist provides quick tips to help seniors…