Bill Stafford's (staffordfinancial) Blog

July 18, 2007 Are you financially ready to raise a child? It is so hard to believe that my daughter is already 16 weeks old next week. It seems like every parent I speak to say enjoy these months, every moment, because it goes by so fast! It is amazing watching Mia’s face as she looks at the wor...

Interest-only home loans pave path to riches New book explains how to build wealth by never paying off mortgages Tuesday, January 30, 2007By Robert J. BrussInman News If you are adverse to new ways of thinking about your mortgage and building wealth, don't read "Untapped Riches" by Susan and Anth...

"Bill Stafford reveals! Home loan traps 'they' hope I won't tell you about!"  Home Loan Trap #1: Something I learned about years ago is a dirty little secret of many loans, it's called "negative amortization." Today many mortgage brokers try to sell you on "interest only loans" but they are reall...

October 27, 2006Scare Teens Away From Credit?This is great article I recently found about Teens & Credit. Credit & Teens is like a ticking time bomb! Enjoy. Carlos MONEY SMART KIDS Scare Teens Away From Credit? Putting a little fear of credit into teenagers is probably a good thing. But remember ...

       Interest-Only Loans  Are  Potential Time Bombs!!!  Interest-Only Loans are Potential Time BombsBy Kenneth R. Harney One of the most popular home mortgages this year could also prove to be one of the most toxic to the unwary: low-down-payment, short-term "interest-only" adjustable-rate loan...

 CDOs Wet Wall Street's Subprime Appetite Dow Jones Monday, November 27, 2006 10:24 AMBy Steven D. Jones   Wall Street thrives on risk taking, and so what better investment these days than an arbitrage built around sub prime mortgages. That is the engine driving consolidation of lenders that make...

When Should You Settle a Collection?All collection agencies and creditors will settle for less than the full balance, except collections on student loans and unpaid child support, which must be paid in full due to government regulation imposed on the collecting authority.  With the right person n...

Can Credit Really be Repaired?Contrary to what the credit bureaus would like you to believe, credit repair does work and can work for 100% of people in most circumstances. This is, of course, provided you are getting the best advice and have an experienced professional working on your case. Anyon...

Can Credit Really be Repaired?Contrary to what the credit bureaus would like you to believe, credit repair does work and can work for 100% of people in most circumstances. This is, of course, provided you are getting the best advice and have an experienced professional working on your case. Anyon...