5 Reasons Why People Lose Their Homes To Foreclosure

Here are five reasons why people lose their homes to foreclosure: 1. Illness – Illness makes it impossible to work and most people when they don’t work, they don’t make money. Many Americans don’t have adequate health insurance, which makes matters worse. When you are ill your base expenses continue and in addition, many times doctor, hospital and the cost of treatment can eat up a person’s life’s savings in no time at all. 2. Divorce – Divorce causes great physical, emotional and financial strains. Often in a divorce money problems may be hidden from the other partner because they are embarrassed or simply cannot communicate. 3. Money Management – Our educational system fails in a very critical area and …

How To Boost Your Credit Score

Years ago your credit score was a big secret, known only to a select few such as your mortgage and credit card companies. In 2000, Fair, Isaac Co., the major supplier of credit scoring software, announced they would begin sharing credit scores, also known as FICO scores, with consumers. What is a credit score? A credit score is a tool used by credit grantors to determine your ability to repay your debts. The information in your credit report is compared and evaluated against tens of millions of other consumer credit reports which gives you a credit score or number ranging from 350 (highest credit risk) up to 800 (lowest credit risk). A higher score means you are less likely to …

How to Avoid the Post-Holiday Financial Blues

Are you financially prepared for the Holiday Shopping Season? Will you be making your purchases with cash or credit? Do you have a planned amount of money you will be spending on gifts? If you owe $5,000 of more on your credit card or know someone who does, who only pays the minimum payment each month, you are not alone. The levels of consumer debt are increasing rapidly around the world. A Debt is Not Just for Christmas Christmas is the time of year when many consumers fall into the trap of spending too much money on expensive Christmas gifts. Most of these purchases are made on credit cards rather than using cash. This means these consumers often end up …

How To Avoid Christmas Debt Overload

The Christmas season is truly the season of giving. There is no other time of the year when people’s hearts are as open or their hands are as freely generous as they are during the Christmas holiday. I mean, even our favorite Christmas motto states, “It is better to give than to receive.” While giving does fill your heart with joy and help those who are less fortunate than us, many have taken this motto to extremes when it comes to buying Christmas presents for their children, spouses and other family members. It is not uncommon for families to run up tremendous high-interest credit card debt to buy their children elaborate and expensive gifts such as computers, stereos and designer …

How Much Will I Pay in Equity Loan Fees?

Equity loans come with many fees and costs. Therefore, homeowners or borrowers are wise to select a loan that has the cheaper rates. Over the course of any loan, a borrower will pay a deposit on a equity loan. The deposit is a contracted agreement exchanges between seller and borrower. The deposit is usually a percentage of the home value, which extends as much as ten percent, or more. Other fees, such as the legal cost and conveyance fees will cover the legality of the agreement. This is important to understand, since lenders will often hire in a solicitor to inspect the home. The homeowner has the right to request his own inspector, thus potentially saving costs and fees. The …

How Long Will It Take To Sell Your Home?

I am often asked how long it will take to sell a home in today’s market. Many parts of the country are generally enjoying a seller’s market and have been for several years. Apart from the obvious factors (e.g., homes in very high price ranges have fewer buyers than $300,000 homes), a word about economic reality is in order. We have all been taught that the real equation in real estate is “location, location, location.” This is utterly false. People actually live in Kansas! The real equation in real estate is price vs. condition. If your home is marketed effectively, (i.e., at least two dozen showings, and it’s in the best possible showing condition) you should get a favorable response …

How Do I Know Whether Or Not I Will End Up Saving Money When Refinancing My Home Loan?

To save money, you must live in your house longer than the “break-even period” – the period over which the interest savings just cover the refinance expenses. The larger the spread between the new interest rate and the rate on your existing loan, the shorter the break-even period. The more it cost to get the new loan, the longer the break-even period. But be careful. The break-even period is not the cost of the new loan divided by the decrease in the monthly mortgage expense. This broadly used rule of thumb is a misapplication of the principle that when explaining something to the buyer one should “keep it simple.” Simple is fine, except for when it is wrong. The rule …

How Debt Consolidation Mortgages Work

When families and individuals have credit issues, it frequently becomes easier said than done to survive, let alone get a loan to save your home. Credit troubles can create a disordered future and this can sometimes lead people to give up hope. Today, lenders specialize in helping families and individuals find sources to consolidate their debts and save their home. The lenders will evaluate the three credit reports, and if the reports show defaults, they may be reluctant to provide a loan. However, if the reports show effort to clear up the debts, the lender may bear in mind that you had uphill challenge, but you are still making effort to take care of your debts. The disadvantage of debt …

The Ever Growing World of Organic Skin Care Products

We all know that eating food products that contain synthetic additives is not good for our health, especially to our skin. It has been said that if you want to take good care of your well-being, then what you put on your skin can be just as important as what you eat or drink. According to reports, the chemicals we apply to our skin are absorbed directly into our bodies. It is estimated that an average woman absorbs as much as two kilograms a year per person from cosmetics and toiletries alone. Cosmetics are also becomingly madly high-tech, with NASA scientists developing creams and beauty labs dedicated to researching complex ingredients. These are all lovely for youth-seekers, but sometimes one …

Acne: Laser, a good therapy for acne without side effects

Word Count: 265 Summary: Laser appears to be a good therapy for acne without side effects. Lasers and light-based systems have become one of the more common modalities to treat a wide variety of skin disorders, including acne vulgaris, during the past ten years. Keywords: acne treatments tips Article Body: Laser appears to be a good therapy for acne without side effects. Lasers and light-based systems have become one of the more common modalities to treat a wide variety of skin disorders, including acne vulgaris, during the past ten years. A lot of patients do not respond adequately or develop side effects with the various oral and topical treatments available for the treatment of acne. Hence, the growing demand by …