banks

Government Foreclosure Settlement Means Homeowners Could Get Reduced Principal, A Refinance Or Compensation

The government just announced a settlement with 5 major banks that will mean some homeowners will now be eligible to receive reductions in principal, a refinance or compensation.

The post Government Foreclosure Settlement Means Homeowners Could Get Reduced Principal, A Refinance Or Compensation appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Mortgage Delinquency Rates Record Low – Is This the Calm Before the Debt Storm?

Mortgage delinquency rates are at all-time lows, but some key metrics indicate that this might change. Learn more here.

How to Lower Your Debt-to-Income Ratio

One of the most common problems people have qualifying for a personal house or investment property is a high debt-to-income (DTI) ratio. Most lenders will want to see a debt-to-income ratio of 45 percent or lower. If your debt-to-income ratio is higher than this, it will be very hard to qualify for a loan. I … Read more

Buying a Car Following Bankruptcy Filing

One of the issues borrowers run into when trying to get approved for a vehicle immediately after filing their case is that their debts are not yet officially eliminated. While a filing does halt creditor collection attempts, the filing of a case doesn’t mean that all of your obligations have been wiped clean. You still […]

The post Buying a Car Following Bankruptcy Filing appeared first on Credit Absolute.

Mortgage Rates Lowest Ever, Woo.

About a month ago, I discussed whether mortgage rates could drop any lower. At that time, the en vogue 30-year fixed-rate mortgage averaged 4.32%, per Freddie Mac data. Today, expectedly, it hit a fresh all-time low, falling to 4.12%. Freddie attributed it to “market concerns over Eurozone sovereign debt default and a weak U.S. employment… Read More »Mortgage Rates Lowest Ever, Woo.

The post Mortgage Rates Lowest Ever, Woo. appeared first on The Truth About Mortgage.

How Do Negative Interest Rates Work? What They May Mean for Your Wallet

Imagine a world where the bank pays you to take out a loan. This is what’s known as a negative interest rate, and while it may seem counterintuitive at first, it can have economic benefits in a struggling economy. So, how do negative interest rates work? During an economic downturn, banks may turn to negative

The post How Do Negative Interest Rates Work? What They May Mean for Your Wallet appeared first on MintLife Blog.