Finance Info Blog Mortgage and Financial information

30Apr/100

Do You Need to Understand Banking Terms?

Though banking has been around for a long time, most people do not understand the financial terms used in the industry either out of ignorance or simply because they are comfortable having someone else handle all the hard banking part while they deal with the basics. The question that begs therefore is, do you have to know financial terms in order to understand how your banking system works? The answer to this question will vary from one individual to another. While there are those who might want to learn more, others prefer to leave things as they are and deal with the simplified version of banking which is making deposits, withdrawing cash among others.

With the advent of financial analysts, most people find the need to be inconsequential because at the end of the day, these people are supposed to analyze every transaction they make and spot any errors included in the same. As such, it becomes the analyst's job to stay in touch with any latest developments in the banking sector

30Apr/100

Create a Financial Disaster Plan

What would you do if your financial situation unexpectedly took a dramatic turn for the worse? If you or your spouse lost a job or you had unexpected medial bills, are you in shape to handle it? Or would you have to make some tough choices?

As distressing as it might be to imagine these situations, it's far worse to face them without having a financial disaster plan in place. Debt can ruin lives; having an actionable plan in place is vital to managing and overcoming debt.

Whether you are in debt already or just preparing for any unforeseen future obstacles, developing a financial emergency plan is essential. To take control of your financial situation, your first step is to create a budget.

Developing and managing a budget

The first step for any person or family trying to get a handle on debt is to determine how much money is coming in and how much money is going out by setting a budget. Start by listing your fixed expenses such as mortgage or rent; utilities; car, loan and cr

30Apr/100

Finance – Tips on Investing Wisely

Investing is never a sure thing there are always going to be risks involved. You need to avoid these needlessly risky investments. While there is always going to be some level of risk in whatever investment you choose, choosing to go the straight and narrow instead of going with a volatile investment is always a safer bet for getting a return on your money.

There are quite a few investments that resemble gambling. These investment choices are to be seriously avoided at all costs. You could end up losing all of you money by making this one bad decision. It's not worth it.

Lotteries and casinos are designed to make money. They operate by paying only cents on the dollar. By looking at the numbers it is proven that if you play by their rules you are going to lose money in the long run. The system is engineered to make sure that you will lose.

Two types of investments to stay away from are futures and day trading.

Futures: Investing in futures is simply trying to make money by pred

30Apr/100

Learn How to Buy More and Pay Less

It is inevitable; prices go up all the time. This is particularly noticeable when taking a closer look at one's weekly shopping bill for food or other essentials. When comparing receipts, it is confirmed that items bought the previous week are being sold at a slightly higher price the week after.

Although prices of items increase merely a few cents, this may change drastically in time of crisis. An excellent example of this is the gas price, fluctuating with the stock market.

Our budget seems to buy less after each visit to the supermarket or drugstore. What can we do to stretch our dollar's worth? With a few minor adjustments in our shopping habits, we can make a huge difference. This could be simply by buying less expensive brands and stocking up on non-perishable items when they are on sale.

Another way of getting more for your money is by buying non-perishable items in greater quantities. Whenever you buy canned food, toiletries or any other kind of goods that keep in your

30Apr/100

How to Use Your Credit Card to Earn Free Gift Cards

Larger credit card companies such as Discover Card, American Express, and Nordstrom Bank have fantastic rewards programs. The general rule is that each dollar spent on a purchase results in one point. After accumulating a certain number of points, the cardholder can redeem the points for rewards, including gift cards. Higher card usage results in more points, and ultimately more gift cards. Check with your credit card company and determine if they offer a rewards program.

If the company offers rewards, read the fine print to learn how to earn the rewards. For example, only certain purchases may be eligible for rewards. Make sure you understand the qualifying purchases. Next, you will need to maximize the usage of the card making those qualified purchases. Use your credit card for as many qualifying purchases that you possibly can including groceries, gas, utility bills, clothing, medical expenses, car repairs, donations, and entertainment. Just be sure not to overspend and that y

30Apr/100

Stocks rise, euro wavers; await Greek rescue news

SYDNEY - Stocks rose on Friday and the euro steadied on hopes that a fractious European Union will agree on a bailout package for Greece within days as it struggles to keep the debt crisis from spreading to other weak countries. Shares were also buoyed by strong earnings reports from major U.S. companies, which pushed up Wall Street stocks and bolstered hopes that the world's largest economy was picking up steam, tempering worries about weakness in Europe.

reuters.com

Filed under: Business News No Comments
30Apr/100

RIM breaks into top 5 in surging phone market

HELSINKI - Blackberry-maker Research in Motion broke into the top five cellphone makers in January-March for the first time ever, helped by booming smartphone demand. The global handset market has been dominated by five major players -- Nokia , Samsung , LG Electronics , Motorola and Sony Ericsson -- for the last five years.

reuters.com

Filed under: Business News No Comments
30Apr/100

How Do You Apply For a Chase Mortgage Modification?

Author: Christine Clover

Are you behind on your mortgage with Chase Bank? You probably have already heard about the possibility of a Chase Mortgage Modification through President Obama's plan. You might be able to have your mortgage reinstated and get a new start. You would get a new house payment that would be much more affordable. Best of all, you would save your home from foreclosure! However, do you know how to apply?

Click here to get loan modification help today!

The government program has incentives and guidelines for participating lenders. Chase Bank is a participating lender, and they can do a loan modification, if you qualify. The way the program is set up is that a homeowner will work out their loan modification with their original lender.

This program takes existing mortgages and reworks the interest, term, or possibly the principal, and the homeowner gets a lower monthly payment. The mortgage late fees, penalties, back payments, and back taxes are worked into the

30Apr/100

What To Do When You Are Sued For a Deficiency Judgment

Author: RealInvestorTips

Deficiency judgments are ticking time bombs that can explode years after borrowers lose their properties, either through short sale or foreclosure. Whether banks can and will pursue deficiency judgments depends on many factors, including what state the borrower lives in and whether there's a second mortgage or other liens. Don't ignore the possibility of deficiencies.

What can be scary is that the judgments don't have to be obtained immediately. Lenders or collection agencies may wait until debtors have recovered financially before they swoop in. Sometimes lenders go after borrowers walking away from their homes if they have other assets. Banks can also pull credit reports to see if it's a strategic default.

If you could, maintain simple lifestyle and try not to keep a lot of assets under your name within 5 years of unloading your investment properties via short sale, deed in lieu or foreclosure. These assets can be the reason lenders decide to pursue yo

30Apr/100

Estate Sales: Are Auctions Better than Tag Sales?

Author: Wayne Jordan

Executors faced with having an estate sale in Roanoke and Southwestern Virginia immediately discover that selling the contents of a house is their most time-consuming administrative task.  Executors who don't perform their assignment could be removed from office by the Probate Judge, so it is important that they diligentlyrelentlessly pursue disposing of the estate's property so that the bills can be paid and the estate settled.

What youll get from this article

Executors in Southwestern Virginia and Roanoke have three main liquidation options, and I will discuss the pros and cons of each in this article.  Any company chosen to liquidate an estate should be checked out; I will tell you how to do this thoroughly, and I will also make my recommendation for the best liquidation method.  I assume that the twin liquidation goals of the Executor are to get the best monetary return for the estate and to leave the house broom-clean so that it can be sold.  Of cou