http://www.mypersonalfinance.com/blog | Thu, 05 Jun 2008 04:18:06 +0000 http://backend.userland.com/rss092 en http://www.mypersonalfinance.com/blog/36/gas-reward-card.html ©Vishy Dadsetan I heard the news about another interest rate hike and thought it was about time to look into refinancing my mortgage. I contacted my mortgage company first. "I am interested in a fixed mortgage rate." I said. "May I ask why that is?" The broker asked politely. "I don't want to deal ... http://www.mypersonalfinance.com/blog/35/adjustable-rate-mortgages-may-not-be-for-the-weak-at-heart.html 2006 is now history and 2007 is in the making. Many Americans once again face the issues of spending more than they earn and once again those who own their own home find out why owning a home is called, "Great American Dream." Home equity line of credit is like a ... http://www.mypersonalfinance.com/blog/32/home-equity-line-of-credit-and-second-mortgage.html Couple of days ago, on a major news agency, I read an interesting article about the worst credit cards. This article pointed out some very interesting facts about bad credit credit cards. Let's review some of these items. The first was an application fee of $29.00 to open the account that may ... http://www.mypersonalfinance.com/blog/31/bad-credit-credit-cards-alternatives.html A page from ftc.gov site begins with the headline Secured Credit Card Marketing Scams and then it places a copy of an advertising sample that reads, "ANYONE CAN QUALIFY FOR A MAJOR CREDIT CARD! Separated? Divorced? Bankrupt? widowed? BAD CREDIT? NO CREDIT? NO PROBLEM!" You notice that the ad is designed ... http://www.mypersonalfinance.com/blog/30/secured-credit-card-scams.html At some point, real estate investors who are sitting on the sidelines will decide that enough is enough and begin looking at these bargain prices and look for foreclosure listings. Are you there yet? Before jumping on the foreclosure investing train considers a few items. Let’s take a look at the benefits ... http://www.mypersonalfinance.com/blog/29/buy-bank-foreclosure-listing.html When you buy a home by borrowing money from a financial institution to buy real estate, you sign a legal contract called mortgage. Mortgage contract obligates you to pay the lender on a certain day of the month until the loan is paid off. In addition to this obligation there are ... http://www.mypersonalfinance.com/blog/28/what-is-a-bank-foreclosure.html © My Personal Finance It was on a Thursday afternoon that I received a call from my real estate broker. He had the unpleasant task to let me know that the buyer needed a few days extension on the escrow to obtain a mortgage loan to complete the purchase of my ... http://www.mypersonalfinance.com/blog/27/double-home-mortgage-payments-trap.html © Vishy Dadsetan One of the main reasons folks refinance their mortgage is to take advantage of lower interest rates. Let’s take a look at this carefully. For a $100,000 fixed thirty year loan, the monthly payment would go down about $63 if you went from a 6% loan to a 5% ... http://www.mypersonalfinance.com/blog/26/mortgage-refinancing-and-lower-interest-rate-myth.html What alternatives do you have instead of payday loans? Contact your credit union or small loan company, find out if your company offer any short term assistance. I know it could be hard to tell friends and family members about your financial hardship but swallow your pride a little bit and ... http://www.mypersonalfinance.com/blog/25/low-cost-alternatives-to-pay-day-loans.html