Question by The ADvisor: With the poor economy and financial market crisis, is now a good time to refinance the mortgage on my house? With the interest rates dropping I think I could really save some money every month on my mortgage if I refinance, but are banks hesitant to lend right now with the [...]
I understand the basics of insurance. That is the transfer of risk. That insurance companies bet on getting more in premiums than they have to pay out in claims. What I’m trying to understand is, how deeply insurance, our ability to purchase it, affects our economy. Please if you could give me some answers regarding [...]
One of the official duties of the new president was to ensure the FHA loan limits would change. With the fall of Fannie Mae and Freddie Mac it has been essential to try and re-stimulate the economy. The stimulus bill has allowed for Fannie Mae and Freddie Mac to guarantee loans at new limits. It [...]
Despite the bad economy at the moment, now is a good a time as any to be considering going to college; especially if you are a mom. When the economy bounces back (which it always does), qualified workers are going to be in big demand. So having completed a degree is going to put you in prime position to get your ultimate job.
One of the most asked questions for every home owner in the year of 2009 will be, “where are mortgage rates headed?” Obviously, no one can be 100% confident in making this prediction, but if we look at the recent events in the United States economy, we can at least make an educated guess. Many [...]