Default rates on first and second mortgages appear to be dropping. According to data released from S&P Indices and Experian, those rates decreased in June by a fraction of a percent. Auto loan defaults fell from 1.34% in May to 1.29% in June. Bank cards saw the biggest drop, falling from 5.93% to … [Read more...]
Adjustable Mortgage Loans Protect You from Catastrophic Debt
July 6, 2009 By Leave a Comment
Not having the ability to make your mortgage payments is one of the scariest thoughts to have to live with. The threat of being kicked out of your home and having to live with relatives, or even having nowhere to go, is a terrible experience. … [Read more...]
Know Your Mortgage Rates And Stop Unnecessary Debt
May 27, 2009 By Leave a Comment
Many people think of a mortgage as simply the amount of money you borrowed from a bank in order to purchased your home, plus the interest that accrues on that borrowed money as you pay it back over the course of a few decades. … [Read more...]