PERSONAL FINANCE - Real estate
Written by Sean Pollock
Saturday, 12 September 2009 04:00
As the house prices significantly decreased and with the mortgage rates nearing the historic lows, many families, including these who never owned a home are considering buying one. The first time buyers may also qualify for a tax credit of up to $8000. In short, this may be a perfect time to buy a house. Shopping for a perfect home, as intriguing as it sounds, is really a hard work. Fortunately, help is available: realtors, real estate professionals, are readily available. They find the properties listed for sale in MLS (municipal listing service database) that match your re ... Write comment (3 Comments)
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PERSONAL FINANCE - Credit
Written by Monica Sandler
Wednesday, 17 March 2010 12:32
Imagine someone owed you $1,000 and didn't pay for a long time. Wouldn't you be happy if you could at least get a portion of that money back? Let's say $700 or even $300. That's exactly what the banks think of defaulted borrowers. After a customer defaults, his loan is considered impaired, and is passed on to collection department, or even sold at a discounted price to collection agencies. In either case, one thing is certain: the bank will be happy recovering only a portion of the loan. If you defaulted on a loan, you can turn this to your advantage. M ... Write comment (8 Comments)

TODAY'S FOCUS - TODAY'S FOCUS
Written by Monica Sandler
Friday, 23 April 2010 20:24
Enter the Dragon's den with your money and what could happen? The tag still hags around China that its economy is emerging. Investment experts consider it to be an economic superpower. Think on, why would HSBC ( Hong Kong and Shanghai Banking Corporation) move its Head Office out of London back to the Far East? Well, they did in September 2009, and its the World's largest international bank. ETFs have been given a large vote of confidence as during the downturn, the Government stepped in to provide $580 million stimulus package, even though people lost jobs ... Write comment (7 Comments)

TODAY'S FOCUS - TODAY'S FOCUS
Written by Sean Pollock
Tuesday, 15 June 2010 22:36
Choosing your Mortgage Broker is just as important as choosing your new home. There is nothing worse than after going through the feelings of comfort and joy, to find out that your dream home turns out to be a financial nightmare. The word Broker suggests that he/she will be able to provide you with a range of lenders, provide estimates well before closing known as 'good faith estimates' enabling you to make the best in time decision. A good, reliable and trustworthy broker will be able to demonstrate to you why option A,B, or C will be good for you; ... Write comment (12 Comments)

PERSONAL FINANCE - Credit
Written by Sean Pollock
Sunday, 11 October 2009 06:25
Home Equity Line of Credit or briefly HELOC is a line of credit which offers low interest rates and uses your home equity as collateral. It offers a flexible and convenient way to borrow against the equity that you have accumulated in your home. Lines of credit have two major differences from Home Equity Loans (HEL). First, a HEL provides you with a lump sum, versus a HELOC, which allows the borrower to take only as much credit as needed, up to the maximal approved limit, i.e. works much like a credit card. In this way, you don't have to take more credit than you need today, ... Write comment (5 Comments)
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