8 Financial Steps Every Family Must Take
by admin on 22/02/10 at 4:58 pm
Becoming a parent means getting your financial house in order. While you could let your finances slide a bit when you were single, you now have people depending on you. Doing some basic financial planning today can mean the difference between making your golden years happy and productive or stressful and uncertain. Whether it’s your [...]
Full StoryB of A's Move to Reduce Mortgages Could be Foreclosure Turning Point
There is finally good news for the millions of homeowners who find themselves under water on their mortgages. On Wednesday the nation’s largest provider of home loans, Bank of America, announced new steps to forgive some mortgage principal to keep homeowners out of foreclosure. Unlike past program which have focused on restructuring loans to make [...]
Full StoryInterest-Only Mortgages Are Getting Harder to Obtain
Freddie Mac, one of the two main government-sponsored institutions that set lending standards for home mortgages announced recently that it will be phasing out interest-only loans. This is expected to drastically shrink the number of interest-only mortgages available to consumers. Freddie Mac has already begun the phase-out after losing money on the loans over the [...]
Full StoryTravelocity Launches Top Secret Hotels
If you usually use Priceline to save money on hotel rooms, you now have another option. Travelocity has launched a new service called Top Secret Hotels where consumers book a hotel before learning its name. Travelocity is hoping to break into what is known in industry terms as the “opaque travel market” which has been [...]
Full StoryThe PenFed Promise Credit Card is Ideal for Carrying a Balance
While interest rates are at historic lows, if you’ve glanced at your credit card statement recently you’ve probably noticed that low rates have not come to consumer borrowing. In fact, most banks still charge sky-high interest rates for carrying a balance from month to month. If you are one of the many consumers who has [...]
Full StoryWhen Is It Really The Best Time to Buy A House?
If you talk to any real estate agent you’ll hear the same mantra: it’s a great time to buy a home. Realtors said it in 2001 when home prices were climbing steadily, they said it when prices peaked in 2005, and they continue to say it today. So what’s the real answer? There a couple [...]
Full StoryProvident Bank Offers Great Checking Account Interest Rate
If you have been looking at your checking account or money market statements recently you may have noticed an eye-opening number: zero. That’s the yield that many banks are offering to checking or money market customers – yes, that’s a 0.0% return for giving your money to the bank. One of the best checking account [...]
Full StoryBank Overdraft Fees Could Be A Thing of the Past
Tired of getting zapped with a $35 overdraft fee when you use your debit card? You may be in luck – some of the nation’s largest banks are finally taking steps to do away with overdraft charges. Starting this summer Bank of America – the country’s largest bank and biggest debit card issuer – will [...]
Full Story70% of Elderly Can't Afford to Retire – Don't Be One of Them
If you’ve been looking forward to age 65 as a time when you can finally sit back and relax, think again. A new survey from Career Builder reveals that more than seven in ten workers over the age of 60 who are pushing back retirement plans are doing so because they can’t afford their retirement. [...]
Full StoryeBay Auction Success Kit – Does It Work?
If you’re looking to make some extra money on the side eBay auctions can be an excellent choice. Over the years millions of people have tapped into the power of the eBay marketplace to add much-needed dollars in their pocket each month. While it’s relatively easy to make a small amount of extra cash, to [...]
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