If you are paying $63,000 on a $10,000 loan, you should really reevaluate your financial situation. It’s only going to get worse….. http://i.imgur.com/fn9js.jpg
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Refinancing the Mortgage With HARP
A few years back we refinanced our mortgage to get a lower interest rate. At the time, we were absolutely thrilled to get a 4.875% mortgage. I never thought I’d see rates that low. The only drawback was that we’d stretch the loan back out to another 30 year term. We decided to mitigate that by paying extra all year long. We did that by
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February Is Crazy Cash Flow Month
I absolutely hate winter. I know I was destined to live somewhere South because I really do detest the winter months in Washington. It’s dreary, cold, gray and I only feel good when I happen to see how much more daylight we get than my friends in Alaska. All that being said, there is one month during the winter that I enjoy from a financial
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America Saves Week
Have you seen this great website for “America Saves Week”? It has a ton of great information about saving and I especially liked reading about people who have started saving and overcome their financial problems. Here are some great highlights of the site: Saver Stories: http://www.americasavesweek.org/read-savers-stories Assess Your Savings Progress: http://www.americasavesweek.org/assess-your-savings-progress Are You Saving Enough for Your Retirement: http://www.choosetosave.org/ballpark/ Mortgage Payoff Calculator:
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Is It Possible to Have a Quick Closing on a Short Sale?
Up until recently I’ve always ignored all the short sale real estate listings in my area. I’ve had this assumption that short sales never actually get completed and that it takes many months of hassle to even find out it didn’t go through. In the past, I’d seen a number of friends try to buy short sales and not one of them were ever successful.
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Here Is a Picture Of Everything Gary Busey Owns
There seems to be a trend lately. (Okay, I guess this has been going on forever). First we read about Allen Iverson being broke after making over $150 million. Now we are hearing that Gary Busey is broke too. In fact, it turns out most of us are much richer than Gary. A broke college student’s net worth probably beats Gary Busey’s net worth. Buzzfeed
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Allen Iverson Burned Through $154 Million
Yikes. Another story of a professional athlete burning through his millions long before he dies. If the rumor is to be trusted, it sounds like Allen Iverson has lived beyond his means and is now faced with garnishments to his future earnings to pay off an $860,000 bill to a jeweler. When Iverson was playing basketball for the Detroit Pistons during 2008 he made $20.8
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George Lopez is Putting His Name on a Prepaid Card
Yet another celebrity sponsoring a prepaid card. Of course there are fees. Please just go to a credit union and get a card! http://www.businessinsider.com/george-lopez-hops-on-the-prepaid-card-bandwagon-with-mango-financial-2012-2
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Should You Switch to an Online Bank Due to the Latest Fees From the Big Banks?
I must confess that I love watching consumers exercise their right to shop where they believe they’ll get the best value. The latest article on MSN highlights that online banks are seeing large increases in new members as people, fed up by the latest fee hikes at commercial banks, shop around for better deals. While I still think credit unions are the best place to
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Mortgage Rates Fall Below 4% For First Time
Amazing. I never thought I’d see a 30 year mortgage rate below 4%. It’s an amazing time to buy or refinance a home if you meet all the latest criteria. You know, have a job, have 20% equity in a home (refinance), have a 20% down payment, have a high credit score and the list goes on. We refinanced a couple years ago at 4.87%
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