| |
miscellaneous: Can You Guess What Percentage Of Mortgages Are Still Paid On-Time? - 03/03/09 09:28 AM
Mortgage delinquencies are on the rise nationwide, but the news may not be as bad as it appears at first glance.
Using anonymous data from its national credit database, TransUnion reports that 4.58 percent of American homeowners were at least 60 days past due on mortgage payments last quarter.
Comparing the statistic to the data from a year ago, the credit reporting agency goes on to say that mortgage delinquencies are up 53 percent.
Although fair, the comparison carries a distinct, negative connotation because if we flip the data to its positive, the statistics don't seem nearly as menacing.
Consider: In the last quarter of … (1 comments)
|
miscellaneous: EXTENDED THRU MARCH: $25 CASH Just for Signing Up! - 02/26/08 09:21 AM
I’d to share with you the details regarding a new online payment company similar to PayPal - but better! They have just launched an incentive program to gather new members and if you move quickly, you can get some F*REE MONEY - Up to $525! The company is backed by a bank out of SD and is FDIC insured. It was founded by Steve Case - Former CEO of AOL Time Warner. Just as PayPal did when they started, Revolution Money Exchange is PAYING new customers to open accounts. ANYONE WHO OPENS A F*REE ACCOUNT GETS $25! NO C*OST OR OBLIGATION.When … (6 comments)
|
miscellaneous: How to Squeeze Extra Tax Deductions from Your Mortgage In 2007 - 12/18/07 04:55 PM
For most Americans (but not all), mortgage interest is tax-deductible in the year in which it was paid.
With some advance planning, therefore, a homeowner can increase his 2007 tax deductions by paying additional mortgage interest while the calendar still reads 2007.
The key is to make the mortgage payment due January 2008 a few days early.
Because mortgage interest is paid in arrears, a mortgage payment due January 1, 2008 accounts for interest that accumulated throughout December 2007.
Rather than make January's mortgage payment on January 1, 2008, a homeowner can send payment this week or next -- … (1 comments)
|
miscellaneous: Mortgage Rates are Going Up -- But Not for the Reason You'd Expect - 12/13/07 12:16 PM
Conforming mortgages are getting more expensive -- but not because of mortgage rates.
To protect against further weakness in the housing sector, Fannie Mae and Freddie Mac are instituting "delivery fees" on all conforming mortgages, effective March 2008.
Fannie Mae's Adverse Market Delivery Charge and Freddie Mac's Market Condition Delivery Fee will add a one-time, quarter-percent fee to every home loan purchased from mortgage originators.
This means that on a $100,000 conforming mortgage, the borrower could:
Pay a $250 fee out-of-pocketAccept a slightly higher interest rate that "finances in" the higher fee Because the fee is in percentage terms, as the loan size increases, … (7 comments)
|
miscellaneous: Can't Find Your Cash? You Probably Ate or Drank It! - 09/25/07 02:17 PM
In a study of 2,036 U.S. adults commissioned by Visa USA, nearly half of all Americans are losing track of their money.
An average of $45 in cash is "lost" each week in what Visa dubs "mystery spending", Visa's version of "I know I had this money in my wallet but I can't figure out what I spent it on."
Averaged out over the course of a year, mystery spending accounts for $2,340 -- enough to fund a Roth IRA or other investment plan.
According to the study, events most likely to cause "mystery spending" include:
Out for a night … (11 comments)
|
miscellaneous: I Know You're Busy, But . . . - 09/19/07 12:07 AM
You're a very busy person. So am I. That's exactly why we need to make an extra attempt to exercise.
Our bodies cannot continue to excel under the stress we expose them to in this business if they are not in shape. We often work 7 days a week, and keep odd hours. If we do not exercise, we are headed for a breakdown.
I truly hope that does not happen to any of you. Please do yourself and your family a favor by getting plenty of exercise.
Even a few minutes of walking can work wonders. You know I am right. And if … (26 comments)
|
miscellaneous: Local Yard Sales Online? - 09/05/07 11:33 PM
I was surfing the web and came across an interesting site. Maryland Yard Sale Online is "the largest, fresh, new, booming yard sale website in Maryland.”
Further divided by county, the site will let you post up to 10 items for sale for free per month – forever! They also offer paid upgrades for “power” sellers.
If you’d like to purchase an item of interest, you will be able to contact the seller to ask questions and/or make arrangements.
The site is still in its infancy, but the potential for something like this is huge!
Check it out and … (12 comments)
|
|
|
|
|
|
Ilyce N. Powell, CMPS™ - Certified Mortgage Planning Specialist
Baltimore,
MD
More about me…
AmeriSave Mortgage Corp./ United First Financial
Address: Lending in All 50 States + DC, Eliminating Debt and Building Wealth in United States and Canada
Office Phone: (866) 814-2153 x 7103
Email Me
 Links
Archives
|
;)
;)
