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Opening the tap on home equity (Austin American-Statesman)
Borrow before credit line is frozen, some suggest. Many homeowners who have taken out home equity lines of credit have learned in recent months that these loans are not as useful as they initially seemed.
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U.S. move cuts mortgages to lowest rate since February (Baltimore Sun)
U.S. move cuts mortgages to lowest rate since February Home loan borrowers with good credit could be in for some of the best mortgage rates in months, analysts said yesterday, a day after the Federal Reserve announced intervention designed to make financing less costly and more readily available.
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Five Home-buying Myths (Carteret County News-Times)
(ARA) - As first-time homebuyers grow curious about the home-buying process, they often turn to friends and family for advice about purchasing a home. While these sources can provide useful tips and information, they also may perpetuate some common home-buying myths.
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Graduates’ burden: Student-loan payments (Las Vegas Sun)
“Why would they give some kid $60,000? What gave me the privileges to take out loans like that?”
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CreditLoan.com Now Offers Educational Materials To Consumers on Mortgage Loan Modification (PRWeb via Yahoo! News)
CreditLoan.com, the website with thousands of articles on financial topics such as personal credit and home loans, now offers free information on solutions such as mortgage loan modification and mortgage refinancing.
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HSBC Raises Hong Kong Mortgage Rates Most in 10 Years (Update1) (Bloomberg)
Dec. 2 (Bloomberg) -- HSBC Holdings Plc raised its Hong Kong mortgage rates by the most in a decade to increase profitability on home loans, adding to pressure on property prices.
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Reverse mortgages a lifeline for seniors (San Diego Union-Tribune)
Seniors traditionally have used reverse mortgages to maintain their standard of living in retirement by tapping into their home equity, but older homeowners increasingly are using the loans to avoid sliding into foreclosure.
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Tip Sheet: University of Virginia Experts on the Financial Crisis (Newswise)
BusinessWeek judges the University of Virginia's McIntire School of Commerce to be in a "virtual dead heat" with University of Pennsylvania's Wharton School as the best undergraduate business school in the country. U.Va.'s separate graduate business school, the Darden School of Business, is also highly ranked. Together they have more than a dozen faculty who are regularly featured in national ...
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Need a Loan? Think 'Union' (TheStreet.com)
Your local credit union may be lending even if your local bank isn't. Here's what to know.
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In the Money: In hard financial times, is your nest egg a solution? (Hampton Union)
Today's challenging economic environment can create a cash crunch, as some people may face huge expenses, such as unanticipated medical costs or the possibility of a home foreclosure. In many cases, credit card debt limits have been reached, and with...
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