| Are you really ready to sell without help?
An article in The News-Sentinel March 28 provided tips on selling your home without a real-estate agent and advised people who were "taking on the job themselves" to prepare for a "little work." No disrespect to the writer, Amy Hoak, but if you're selling your own home today, be prepared for a lot of work. If an unrepresented seller is fortunate enough to get a buyer and a signed contract, that's only half the journey. According to the National Association of Realtors 2006 Profile of Home Buyers and Sellers, handling paperwork is one of the biggest concerns for unrepresented sellers. The typical home sale today involves more than 20 steps after the initial contract is accepted to complete the transaction, not to mention all the complex negotiations that may be required, such as a buyer's request for 100 percent financing with closing costs funded from the transaction.
Home equity car loan bad idea
OK, you're probably thinking that sounds outrageous, so let me take it down a bit. How about a 10-year auto loan? If you're financing the purchase of a car with the equity in your home, that is exactly what you could be doing -- paying for a car over 10 or even 30 years. The use of home equity loans, lines of credit and cash-out refinancing to buy an automobile grew in the last decade as interest rates dropped and property values soared. It also has become popular as lenders hyped the fact that interest on a home loan is tax-deductible, unlike on a vehicle loan. In 2006, about 24 percent of homeowners used a home equity line of credit to buy a car or truck, according to Synergistics Research Corp., a financial services consumer market research company based in Atlanta.
How Does Debt Settlement Work?
Eliminating your debt is not an easy task. Debt settlement is an excellent tool for reducing your debt exposure while at the same time avoiding lowering your credit score due to delinquencies. Learn what the benefits of negotiating your debt with your creditors are and understand what steps you need to take in order to improve your debt to income ratio. Debt elimination is vital to improve your financial situation. It is always advisable to get debt free prior to start investing your income since the money you loose on interests is almost always higher than the amount you can obtain from investing your money on bonds, stocks, or other investing options. In any case, the relied that being debt free provides is well worth it. Debt Settlement: A Personal Issue A debt settlement process differs from one person to another.
WAMU ABOUT TO SNEEZE AND CATCH A COLD
Cramer said that there's "no global economic slowdown." By contrast, Cramer also said, "the world is growing too fast for the Fed's comfort when it comes to inflation. In my honest opinion Cramers statements are idiotically made by the currently biggest media mouthpiece that was ever hired to pump and dump stocks for Wall Street in the history of stock fraud! If the world is growing too fast and the Fed is worried by inflation that would mean a rise in interest rates too sooner than later. Why would it be too sooner? Because right now the housing market has already been deflated by at least 10% over the past year and if that is not enough to signal the beginning of a recession, wipe out $1.4 trillion of home equity across 300 million homes in America and it averages about 3,333.33 per household in lost wealth.
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