Students Loans
President Barack Obama is taking steps to ease the burden of student loans, the White House said on Tuesday, potentially helping millions of cash-strapped college graduates in a tough economy.Obama plans to accelerate a plan to cap student loan payments at 10 percent of income, bringing it forward to start in 2012 instead of 2014.
Long-Term Investment
With shock waves roiling financial markets worldwide, investors are seeking new ways to protect their portfolios from the next upheaval.But they may be ignoring the best weapons in their arsenal: straightforward strategies for managing money that, over time, boost returns.
COD Income
In the tax world, COD is short for “cancellation of debt.” If that phrase doesn’t sound familiar, you’d better read on, particularly given the state of the economy. Like it or not, when a debt you owe is canceled or discharged...
FHA loans-easy and costly
FHA loans have been touted recently as a great mortgage option because they offer lower interest rates and are easier to qualify for.But easiest doesn’t always equal cheaper or better.Underwater Markets
Like other cities in Florida, the Orlando market saw tremendous demand from investors during the first half of the previous decade. Some were looking to cash in on the appreciating market through short-term property flipping, while others were buying properties for vacation homes.
Get a Loan
When the financial crisis hit, many banks became tightfisted, and plenty of potential borrowers walked away empty-handed. But financial institutions have emerged from the recession stronger and ready to lend
Spying on You
With lenders still skittish about making new loans, credit bureaus and others are hawking services that help banks probe deeply into your financial closet. The new offerings include ways to look at your rent and utility payments, figure out your income
Obama Mortgage
So far nearly 6,400 borrowers have dropped out after the loan modification was made permanent. Most of those borrowers likely defaulted on their modified loans, but a handful either refinanced or sold their homes.