Archive for December, 2008

How will the tax rebates and reducing the interest rates help?

toledojeeper


How will tax rebates work when the US will borrow the money from China at 11% interest and give it to Americans to purchase products built in China?How will reducing interest rates help the people who have been doing the right thing by saving their money?Reducing interest rates just helps out the banks who tried to rip off these people with loans they couldn’t afford in the first place.I can’t say I have the answers to the economy buy I feel these fixes will do nothing but make it worse.

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Wednesday, December 10th, 2008 Home Loans 2 Comments

What are federal reserve interest rates and how do they affect the economy?

TNT DynaMiKe


I know what the federal reserve is and I know what interest rates are. Now what is a federal reserve interest rate and what the heck does it mean to me?

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Wednesday, December 10th, 2008 Home Loans 2 Comments

Why do people that do home loans get so mad when you shop around?

Fred Garvin


I’ve heard a friend of mine go completely nuts every time her customers shop around for home loans. What do these lender expect someone to just trust them when they say.
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Tuesday, December 9th, 2008 Home Loans 7 Comments

If a person has two mortgages, for different properties,and one forecloses,will it affect the other mortgage?

donutsncoffee


A friend of mine is in a situation where she has two mortgages on two different properties, one is her primary residence, and the other is an investment property. She is about to lose the investment property to foreclosure. She is scared that this might affect her mortgage/ownership of her primary property. Can it be legally taken away from her if she defaults on one of her mortgages?
I don’t think this could happen, but then again, I’ve never heard of anybody in this situation before.

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Monday, December 8th, 2008 Home Loans 3 Comments

If inflation is growing and interest rates are decreasing, what will happen to bond prices?

Yardbird


This seems to be the current situation; usually interest rates go up with inflation (which would make bond prices go down), but now we have substantial inflation, and interest rates are heading south. Help! Are bonds safe?

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Monday, December 8th, 2008 Home Loans 2 Comments

Jacked Up Interest Rates

CBSNewsOnline


The banking industry collects more than $15 billion a year in credit card penalty fees, a tenth of its revenue. President Obama wants new legislation to protect consumers. Anthony Mason reports.

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Sunday, December 7th, 2008 Home Loans 4 Comments

What are some good interest rates for automobile financing these days? And some bad interests rates?

Zine


Does anyone know what interest rates should be offered for good, fair and poor credit, when financing a vehicle?

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Sunday, December 7th, 2008 Home Loans 2 Comments

Why does Hussein Obama think it is a good idea to use my tax dollars paying for his supporters mortgages?

I hate Hussein Obama


I pay my mortgage. Why should I pay his deadbeat welfare class supporters mortgages when they don’t have a job and live in a bigger house than me?

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Friday, December 5th, 2008 Home Loans 9 Comments

does a bank usually sell all its mortgages to investors or does it keep a percentage of the mortgages?

hit_man1


and if so, what percent of the mortgages do banks usually keep to themselves? thanks!

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Wednesday, December 3rd, 2008 Home Loans 3 Comments

Kirby Daley: Why interest rates in US cannot go to 15 or 20 percent? 2009.02.23

peacespeech


Kirby Daley said on 2009.02.23 that China will not have sufficient amount of money to buy all US treasuries that will have to be issued. The difference will have to be printed by Ben Bernanke and Federal Reserve or the interest rates would have to go up dramatically, just as they did in late 70′ and early 80′

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Tuesday, December 2nd, 2008 Home Loans 6 Comments