Archive for: August, 2011

What car insurance company would be best for my situation?

Car Insurance

No accident for 5 years, no tickets for 3 years, excellent credit. So, what quality car insurance company only look back 5 years for accidents, 3 for tickets and weigh in good credit? My rate w/ State Farm just increased $15 and that’s BS.

How do interest only mortgages work and what is the catch?

have been quoted 7.25% on a 30-mortgage on a fixed rate basis. Also was quoted 6.375% on a 30-year interest only payment schedule. Although this reduces the monthly payment, how does this pay off a mortgage? Does this require additional payments to reduce the principal?

How can low income people buy health insurance under the plan being voted on?

Health Insurance

If we are to have mandatory health insurance, how will low income people pay for it? I’m already struggling with what little I have now. I can’t afford to take on anymore. I know we can still go to our doctor of choice but, but again how will we pay for this insurance?? Also I [...]

What mortgages offer reduced initial payments for first-time or cash-strapped homebuyers?

What are the disadvantages of these mortgage options?

does it hurt your credit to close out long standing credit cards in good standing? If so why?

I was going to consolidate two credit card onto a new lower interest card and cancel the old cards. However, I was informed that closing the old cards would not look favorably on my credit report. I thought this was strange as good credit reflects on your credit report for 10 years and keepin the [...]

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