Posts Tagged ‘interest rates’

Thom Fox at Cambridge Credit Counseling has shared some eyebrow-raising points regarding The Credit Card Accountability Responsibility and Disclosure Act, or CARD Act, of 2009. Full story

The Affordability Factor How can you decide whether or not you can afford to buy a home? The biggest part of house affordability is the interest rate because it determines your monthly principal and interest payment. Let’s look at a $100,000 loan amount, a thirty-year fixed rate mortgage, interest rates, and monthly payments. The table below shows the difference the interest rate can ... Full story

As the housing market cools and the refinancing boom dries up, lenders are working hard to win borrowers over with unusual loans. Among these loans are 40- and 50-year mortgages. These extra long-term loans only make up a small fraction of all mortgage originations a year and will probably never become the new standard. However, it is important to understand for whom these loans are ... Full story

People going through the process of buying a home may think the only thing they need to know about is getting the lowest rate or the best deal. If you want the lowest rate, go to the Internet, where you will find some excellent rates.  Unless you are locking in an interest rate that day, though, chances are the rate you are quoted ... Full story

Credit limits, credit card balances, annual percentage rates, late fees, over-limit fees, penalty rates and more!  There is so much you need to be aware of as a credit card holder. Credit cards have become a necessity in today's technology-driven economy.  A credit card is a convenient payment method accepted almost everywhere.  It allows you to receive valuable rebates, earn free merchandise and services, and take ... Full story

When you’re developing a long-term strategy to improve your credit, you need to focus on two main areas Full story