In order to qualify for either option, the homeowner needs to know that full qualification will be needed to ensure the borrower can meet the new payment. This will include supplying full income documentation and disclosure of assets. They will also be required to provide documentation proving the property is a primary residence. This can [...]
Entries Tagged as 'FINANCIAL'
Financial Stability What’s Needed to Qualify for Either Program?
March 16th, 2009 · No Comments
Tags: BUSINESS · CONSUMER · CULTURE · FINANCIAL
What if I Still Can’t Refinance?
March 16th, 2009 · No Comments
What if I Still Can’t Refinance?
The final part of the HASP legislation involves assisting homeowners that will not be able to refinance but are still experiencing financial difficulty. For these borrowers, a loan modification may be warranted and it is expected that 3 to 4 million people may be able to get assistance.
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Tags: BUSINESS · CONSUMER · FINANCIAL
Great Rates + Declining Values = No Refi for You. Maybe Not.
March 15th, 2009 · No Comments
Great Rates + Declining Values = No Refi for You. Maybe Not.
While interest rates have been at levels not seen in generations, not everyone has been able to benefit. As home values have come down across the country millions of homeowners have been unable to refinance.
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Tags: BUSINESS · CONSUMER · FINANCIAL
Homeowner Affordability and Stability Plan Playbook
March 15th, 2009 · No Comments
Who wins from this plan? Every homeowner stands to benefit if the plan delivers on its objective, whether they currently have a mortgage or not. Simply stated, the bill targets the root of the problem, a homeowner’s monthly housing obligation. This will be accomplished through allowing more people to refinance into lower interest rates or [...]
Tags: BUSINESS · CONSUMER · FINANCIAL
Calling All First-Time Home Buyers!
March 15th, 2009 · No Comments
Calling All First-Time Home Buyers!
The number of first time buyers has increased each year since 2006, rising from 36% to 41% last year according to the National Association of Realtors. As home prices have fallen significantly since “the peak” and interest rates are near all time lows, for many, there has never been a [...]
Tags: BUSINESS · CONSUMER · FINANCIAL
Affordability, Stability, and Incentives Legislation Unveiled
March 15th, 2009 · No Comments
As goes housing, so goes the economy. To combat housing’s recent decline and the impact on consumers and Wall Street alike, the Obama Administration recently released the details of the Homeowner Affordability and Stability Plan (HASP). Whether you own a home or not, the impact of the plan will affect you. In this month’s YOU [...]
Top 5 global innovative companies
February 19th, 2009 · No Comments
The top 5 global most innovative companies:
1. Team Obama
February 2007
Obama officially declares his candidancy for president. His campaign launches MyBarackObama.com, a social networking site on which 2 million profiles and 35k volunteer groups are eventually creaed and 200k offline events are planned. YouTube video of “I got a crush…” is posted by Obama Girl and [...]
Tags: BUSINESS · FINANCIAL · TECHNOLOGY
Doctor’s Orders: Cure for market mania
January 13th, 2009 · No Comments
Turn off the TV, stop looking at the market, turn off Cramer… Wake up! Eat breakfast. Go to work. Leave work. Go to the gym. Hit the elliptical, treadmill, gauntlet. Tone your abs. Do some cardio. Life some weights. Stretch do yoga. Drink a smoothie. And get some ZZZZzzzzzzzz…..
[via Trader Magazine]
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Tags: FINANCIAL
Turbocharge your IRA or 401K
August 20th, 2008 · No Comments
Learn how to double your IRA account value in 4 1/2 months with this unique strategy. Using his popular 10K Strategy, you will learn how Dr. Allen made 124% in one year on Fannie Mae while the stock fell by 8%! Over 2003, again using his 10K strategy, Dr. Allen set up a $10,000 brokerage [...]
Tags: FINANCIAL · PRODUCT REVIEWS
Harvard Rules Part1: The parent trap…
August 20th, 2008 · No Comments
The tuition and room and board supply only a small slice of Harvard’s income at just under $660 million. An enhanced financial aid program will most likely keep that figure relatively stable for a few years.
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Tags: FINANCIAL