credit default swap: EIGHT pitfalls to avoid, while awaiting your mortgage.
- 09/10/12 06:11 AM
At one of my myriad of workshops that I attend, a lender presented us with a top-ten list of things NOT to do, once you're under contract and anxiously awaiting your loan commitment, and eventually your closing. Many buyers, not merely first-time buyers, are not aware of these tips. I didn't love all ten, but I thought seven of them bore repeating.
Why is it important? Well, in today's interesting financial times, lenders are pulling your credit more than once during the loan process. In fact most times, at least in our region, they're pulling a last credit-check the day of, … (50 comments)
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credit default swap: The Credit Crisis for Dummies
- 10/06/08 03:56 AM
Okay... I'm the very first in line, to admit that I don't understand high-finance at all.
I don't understand the "whys" of the credit crisis, and I don't really understand the "wherefores" of the bailout, and why it should be helpful. (note that I say "should" be, because even as I type, the DOW JONES industrials has dropped almost another 500 points this morning, even after the bailout has been approved).
So... for those of you who are as "finance-challenged" as I am, 60 minutes aired a show segment last night that suddenly lit a lightbulb over my head, and I … (3 comments)
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At one of my myriad of workshops that I attend, a lender presented us with a top-ten list of things NOT to do, once you're under contract and anxiously awaiting your loan commitment, and eventually your closing. Many buyers, not merely first-time buyers, are not aware of these tips. I didn't love all ten, but I thought seven of them bore repeating. 
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