Mortgage

How much does it cost to file for bankruptcy?

The decision to file for bankruptcy is a very important decision and one that requires much thought and prayer. In 2005 the bankruptcy laws were dramatically changed which made the impact of bankruptcy much bigger. No longer can you simply walk away from a mountain of debt, dust your hands off and start all over. [...]

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Why refinancing can be a bad idea!

With interest rates at their lowest in history (or at least in a really long time), a lot of people are contemplating the idea of refinancing. First, let me say that I am all for refinancing when it makes sense. As a matter of fact, we recently closed on our own refinance; however, there are [...]

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Are you ready to walk away from your mortgage?

The stock market has enjoyed a small bounce the last couple of days, but the real estate market will take a little longer to recover. A lot of people have seen the value of their homes drop by 30-40% over the last couple of years, and with job layoffs at their highest in decades many [...]

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Refinancing your mortgage made easy!

It used to be that when you wanted to take out a mortgage, you would fill out the application, the bank would then determine if you were able to pay back the loan. If you were, you signed your name in the act of agreeing to the terms of the loan and then in 15 [...]

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Financial Goals for 2009 (part 3)

We are looking at financial goals for the New Year. MSN Money lists 6 financial milestones to reach before age 30. If you are already over 30, these milestones are still worth looking into, but the real question is whether or not these milestones are good goals. We will be looking at one milestone each [...]

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