Mortgage Rates, Current Interest Rates, 30 year fixed rate
A quick mortgage rate conversation about saving money - created by Subprime Blogger. Much more mortgage rate information available at www.subprimeblogger.com
2008 Holiday Season: Financial Report A must read for homeowners
The Dow is inevitably reaching its lowest point since the terrorist attacks of 9/11. As a result, investors are taking their money out of stocks and putting it into treasury bonds; a safe haven for investors weary of the unstable market. In turn, pushing the price of bonds up and the yield down affecting the mortgage rates that are directly tied to the yield. It’s pretty simple; when the market bottoms out so will the 30 year fixed mortgage rate. What does this mean for those individuals searching for a loan? This holiday season presents an excellent opportunity to refinance, and increase cash flow for 2009 and beyond. So, choose a lender now and prepare yourself to lock in a rate later. Will rates be as low as 4.9% on a 30 Year Fixed? Possibly so, we saw this occur around the same time last year, but under a set of entirely different circumstances.
Here are a few things to keep in mind when refinancing in today’s challenging market conditions.
ü Do not do business with any company you’ve never heard of. Period. These companies teach their salesman how to overcome this objective. Are you tough enough to turn them down? Give in and you will get burned.
ü Do not pay for an appraisal. Homes are not selling, therefore, banks are not lending. Half of these appraisals are no good anyway. So do me a favor, find a bank willing to pay for the appraisal or don’t refinance at all. By not paying for the appraisal, you will agitate the loan officer; who cares. This is strictly business; we’re not making any friends here.
ü Ask for a printout of your rate lock. If your rate’s locked they should send you this no problem. If they will not, for any reason, they’re lying about something. Even if the loan officer sounds like your trustworthy grandmother. They’re lying when they tell you they can’t send you a rate lock. No exceptions to the rule.
Watch my latest YouTube video at www.FreeRateUpdate.com. You can also view the mortgage rates. mortgage interest rates, 30 year fixed rate. advertised on the left side of the page by the most competitive banks offering home loans.
Respectfully, Your Mortgage Guru Ed Ferrara http://www.freerateupdate.com
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Students of Canada can secure financial assistance to continue their studies. The government of Canada has made provisions for student loans which are available to the students who reside in Canada. It is good that students who are immigrants to Canada are sometimes eligible for the student loans. The government of Canada comes forward to offer loans to the students if they need it to study abroad.
Students of Canada apply for the students loans to the Human Resources and Social Development of Canada. It is a statutory body and it has branch offices in each province of Canada.
There are several financial institutions and banks in Canada which provide student loans. The students should go through the terms and conditions of the loans offered by them, as they charge interest at higher rates.
Students loans for a set of students have been favorably designed.
Fewer students, of course, can avail them. The rates of interest are relatively very low for this kind of student loans. Girl students, boys and girls who try to go for education as part time students, physically disabled students, students who are in the doctoral courses can secure special kind of student loans.
The government of Canada offers loans to the students when they begin their Bachelor's courses. Students in the master's or doctoral courses do get government loans. There are different kinds of student loans. Students should study the terms and conditions provided for separate kinds of loans and chose one favorable for them.
Sometimes, tax benefits are also available from the loans.
Students in Canada are allowed to revise their loan agreements. Students who are offered students loans in Canada for continuing higher studies can repay the loans in fifteen years. As they can revise the agreement, they try to find out means to reduce the burden of the interests. Students in Canada, for this purpose, attempt to clear the entire loan earlier than the scheduled time. Students are helped by National Loans Student Service Centre when they want to revise their loans. Sometimes, students reimburse a lump sum amount so that they get the loans at lower rates of interest. Some of the students prefer to turn the monthly installment smaller and they prefer to pay over a longer period of time.
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Question by rrnz: Should I give up on my dreams? Is it time to pack up and get serious? ? I've wanted to work in the film industry since I was little. I love movies, and I loved escaping into them as a little girl with a semi-harsh childhood. I grew up in New Zealand, but have ended up here in LA - and yes, I work in the film industry. What I want to be is a writer, but that's a long and winding path. I'm working on it. I've been writing as much as I can, and never quite giving up hope. I work for a production company here in LA, and I like the people I work with (for the most part), but although I'm a fairly integral part of the office, I don't see my bosses giving me the real money and position any time soon. And for that matter, I'm not sure I'd want to be a producer/executive in Hollywood. It's so full of BS and I'm a terrible networker. I do still want to be a writer, and I do still write. They did give me a kind of token title change and extra responsibilities lately, but that was only because they realized I was actually going to leave if they didn't do anything. They like me. I know how to keep my mouth shut and do my work well. I have a metric shit ton of student loans that eat up most of my salary. I earn about $ 45k per year, plus overtime. But since the WGA strike I really haven't had much overtime to earn. $ 750/mth goes to my student loans. $ 610 goes to rent. I have $ 4k in credit card debt that I try to pay down (i put $ 600/mth on that bitch) but I always end up having to put shit on it (like my car (an 87 honda civic) needed new brakes and a bunch of stuff and that was $ 450) and so I never manage to get it down very far. Also, I'm not perfect and sometimes I put stuff on the card I really don't need... but never big stuff. Anyway. I've been in LA for three years. Two years spent at this job, and it's is basically going nowhere. Who knows if I'll ever have the career I want. I'm a female, nearing 30 (just over a year away), in a youth/looks obsessed city, and I don't want to be answering someone else's phones when that birthday rolls along. I just broke up with my live-in boyfriend and I have to search for a new place to live, and because of my loans, I have no savings to pay for a security deposit on a new place. I might have to end up living in my car, or sleeping at work providing no one notices. So my question is: Is it time to just pack up and go home? I know I can write from anywhere anyway, but conventional wisdom says if you want to succeed in the movie biz, you have to live in LA. Or should I forget the dream too? I have British Citizenship and could go live with my dad (I didn't grow up with him) who lives about an hour and a half south of London by train. I could commute (with a 12 month season pass it works out to about 14 pounds/day) to London and try and work there - god knows what I'll do, but hopefully something where I'm a little more autonomous. London is infinitely more interesting to me than LA. I have a B.A. from an American University (not a prestigious one) in Film. Yeah. I know. I suck. I also have completed one year of a Bachelor of Business Science from Massey University in NZ by correspondence. I could potentially finish that in two years. Should I do it, move to the UK? Will I be making a mistake career wise if I leave LA? Will I be likely to earn enough to be in an equal or better financial position than I am now? (note, the majority of my student loans are in NZ$ now) Does it matter? Am I really about to pass my use by date when I turn 30? What hope is there for me for a secure future and a family and a real career if I don't have it sorted by then? Should I just say fuck it all and go back to NZ and find a nice dairy farmer in the Bay of Plenty to settle down with? Best answer for Should I give up on my dreams? Is it time to pack up and get serious? ?:
Answer by Leigh M i live in nz =D come back its great. no im just kidding dont give up on your dreams. and its not that great over here at th emoment everything super expensive and everyone wants to get out.
Answer by alicialions OK, I'm not going to read all that...but just based on the initial question...I say "Never give up on your dreams!" If you need to live in the real world in order to earn a living then do that...but put energy into reaching your dreams too becuase we all have them...but it takes a special person to make them a reality.
Answer by Aby OK, I read it all. You are not in a bad shape. 1) Prioritize things in life - Find a room which you can share. May be with 2-3 other people so that you have company, lesser rent and couple of hundred dollars more. 2) Going back to NZ, It is a nice place. But don't deprive us of your stories. We all love people who went after their dreams and have made it. I cherish such experiences. 3) I can understand this hand to mouth living. But you need to plan better. First thing on mind should be to pay your loans off and stop the shopping (which yourself are aware of and you do not need an expert like me to say that to you. ) 4) Think of alternate source of income. May be writing short stories for some magazine, may be kids stories, may be some thing else. 5) How about starting a blog or something. How about Parry Hotter (something like harry potter). Parry Hotter can be the Harry potter of US of A 6) Meet more people at work and your industry. Build professional relationships. 7) Turn 30, enjoy life. Now 30 must be round the corner and it might be tough to get all things done before that. Give yourself two additional years and try to be on track. (I think you will get over the hurdles sooner than that.) 8) Yes, forget the live-in 9) Look for another job which is in line with your aspirations and ambitions. DONT JUST JUMP JOBS FOR THE SAKE OF IT. 10) Write a story of a girl who traveled from NZ to US to pursue her dreams and how she fought all the odds and made it. Get this published in NZ and make money in US. :) I am serious. Let us know when you have changed your mind. Also let us know when you are right back on track and also when you are successful. Be Strong, be focused and show courage. Most of the problems are in our head and the easier way is to convince ourselves.
Visit: privatefastloans.com To Learn MORE.... This is the VOA Special English Education Report, from | Today we talk more about the costs of higher education in the United States. If you missed last week's report, you can find it on YouTube or at voaspecialenglish.com. Foreign students who need financial aid generally have to seek it from the school itself or their own government or employer. If you follow the news, then you know that President Obama recently signed health care reform legislation. But one of the two bills he signed into law also made unrelated changes in the federal student loan program. These changes will require new loans to come directly from the Department of Education. The department already makes these federally guaranteed loans for American citizens and permanent legal residents. But since the early nineteen nineties it has also paid private lenders to provide them. Now, as of July first, all new loans will go though the direct loan program only. Officials say the new law will save the government sixty-one billion dollars over ten years. The plan is to use more than half the savings to provide more federal Pell Grants to needy students. A few billion will also go to schools that traditionally serve minorities and to help two-year community colleges. The new law will reduce the most that borrowers must repay each year from fifteen percent of their income to ten percent. And the longest repayment period will be shortened from twenty-five years. Any ...
As of July 1, 2012, graduate students are no longer eligible to take subsidized Stafford loans, a popular federal loan with interest paid by the government until after graduation. [Read more about student loan changes for 2012.] But graduate students ... Explore Graduate Student Loan Options for 2012
you may need to look into consolidation. This is the option that many, many student loan borrowers choose, and it can definitely be a good option for you. Here's what consolidation is, what it can do for you, and how you can get your loans consolidated.
Basically, when you consolidate your student loans, you turn them all into one big loan. If you have loans for $ 3,500, $ 4,000, and $ 2,500, you'll turn them into one big lump loan of $ 10,000. The consolidation is really just one big loan that pays off all your smaller loans. You can stick with the same term on your repayment plan, and you may even lock in a better interest rate with this option.
The main reason many borrowers choose to consolidate their student loans through the government is that it makes repayment easier. Instead of writing three or four checks a month for your student loans, you'll just write one larger check.
Also, if interest rates are on the rise, you can lock in a lower rate when you consolidate. Basically, the interest rates on student loans change from year to year unless you lock it in with a consolidation loan. Sometimes this can help save you a lot of money in the long run, even if it's only a percentage point's difference.
To get your loans consolidated, your best option is just to do it through the government. You'll basically just take out one larger student loan to pay off all the small ones, and the government will write this larger loan, as well. The consolidation process is quick and simple, and you can do it all online.
Keep in mind that you can only consolidate federal student loans this way. If you have private loans, you may be able to take out a Private Student Loans to pay off both your private and your federal loans.
However, you need to make sure that you're getting a decent interest rate and doable payment terms on this before you sign the paperwork. It's easy to get roped in by a money shark who is just going to overcharge you for a consolidation loan that's supposed to make your like a whole lot easier. Just read the paperwork carefully to make sure you know what you're doing, and you'll be fine.
Question by : 1-Trillion Student Loan Debt. ONE TRILLION. 1 of 2 college grads jobless/underemployed. why so few jobs? Source: WASHINGTON (AP, May 2012) â€" The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge. Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs â€" waiter or waitress, bartender, retail clerk or receptionist, for example â€" and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans. An analysis of government data conducted for The Associated Press lays bare the highly uneven prospects for holders of bachelor's degrees. Opportunities for college graduates vary widely. While there's strong demand in science, education and health fields, arts and humanities flounder. Median wages for those with bachelor's degrees are down from 2000, hit by technological changes that are eliminating midlevel jobs such as bank tellers. Most future job openings are projected to be in lower-skilled positions such as home health aides, who can provide personalized attention as the U.S. population ages. Taking underemployment into consideration, the job prospects for bachelor's degree holders fell last year to the lowest level in more than a decade. "I don't even know what I'm looking for," says Michael Bledsoe, who described months of fruitless job searches as he served customers at a Seattle coffeehouse. The 23-year-old graduated in 2010 with a creative writing degree. Initially hopeful that his college education would create opportunities, Bledsoe languished for three months before finally taking a job as a barista, a position he has held for the last two years. In the beginning he sent three or four resumes day. But, Bledsoe said, employers questioned his lack of experience or the practical worth of his major. Now he sends a resume once every two weeks or so. ############################################################################ Source: Washington, DC CBS News, May 2012 Today's the day that the student debt clock crosses the $ 1-trillion-dollar mark. The milestone was expected to be reached at approximately 6:40 a.m. Eastern time. You can see the exact amount of debt that college graduates, as well as college dropouts, owe by heading over to FinAid, the popular financial aid site, which maintains the student debt clock. While the amount of student debt seems stunning, Mark Kantrowitz, the founder of FinAid, estimates that it's only about a tenth of the size of the nation's mortgage market.That explains why the collective student loan burden hasn't derailed the economy like the foreclosure crisis did. The amount of student debt outstanding depends on who is calculating it. The student debt clock bases total outstanding federal student loan debt on figures from the federal budget. The federal figures do not include capitalized interest, which would have generated an even scarier figure. The debt clock also includes calculations on the size of private student loans. Borrowing responsibly Borrowing for college can be a smart move, but you don't want to over extend yourself. Here are four ways to make sure that your own college debt burden remains manageable: WHERE'S THE JOBS ? WHY NO JOBS ? WHY SO FEW JOBS FOR COLLEGE GRADS ? Best answer for 1-Trillion Student Loan Debt. ONE TRILLION. 1 of 2 college grads jobless/underemployed. why so few jobs?:
Answer by xpatinasia "I don't even know what I'm looking for," The students are not properly prepared.
Answer by Cherry KoolAid Are you under the misguided impression that they should make up a new job for every new college graduate, including the ones that get useless college degrees?
Answer by Mark There are so few jobs for everyone now, not just college graduates. I think that the truth is finally coming home to roost in that people have got used to describing themselves as 'skilled workers' when in reality there are only 'workers in demand' and 'workers who aint'. If you look at what employers need rather than what you want when it comes to a college degree then that may give people the edge in future..
Answer by Juanaquena With North American Free Trade Agreement (NAFTA, 1994), U.S. owned manufacturing businesses moved their operations out of the USA (for many reasons.) First, those manufacturing jobs were moved to Mexico & then other Latin American countries. With pressures to reduce costs of manufactured goods (some of that pressure coming from 1 huge discount retailer in the USA), those manufacturing operations & more were moved to Southeast Asia, China, & elsewhere, where workers are paid lower wages, where there were few or no government regulations about industrial pollution, & where there were few or no government laws protecting workers. On top of that, worldwide there have been major financial meltdowns, which became obvious in late 2007 & which grew - housing mortgage loan crisis, financial bailouts of major auto manufacturers & financial/investment businesses, continued employer layoffs & business closings, increasing unemployment of people in all age categories, age discrimination by employers - both against young potential employees & those over the age of 50, etc. You can start learning a bit about the Great Recession of the Early 21st Century (the era we are in now, the term economists are using), an economic situation that has not been this bad in the USA since the Great Depression of the 1930s, by reading the articles in these links: Time.com & CNN - Jobless in America, Sept. 11, 2009 * http://www.time.com/time/printout/0,8816,1921439,00.html Time.com - The Ripple Effect, Sept. 11, 2009 * http://www.time.com/time/nation/article/0,8599,1921445,00.html Time.com - 25 People to Blame for the Financial Crisis, Feb. 12, 2009 * http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350,00.html New York Times - Recession Raises Poverty Rate to a 15-Year High, Sept. 16, 2010 * http://www.nytimes.com/2010/09/17/us/17poverty.html?th&emc=th CNNMoney.com - Looking for work?, June 16, 2010 * http://money.cnn.com/2010/06/16/news/economy/unemployed_need_not_apply/index.htm McClatchy Newspapers - U.S. economy faces likely slowdown, April 23, 2012 * http://www.mcclatchydc.com/2012/04/23/146393/us-economy-faces-likely-slowdown.html [Quote] The U.S. is currently 6.5 million jobs below where it was when the recession started. But because the working-age population grows as the population expands, in the nearly four years since the recession started, we would have needed to add around 4.5 million jobs to keep the unemployment rate from rising. [End quote] Source: Economic Policy Institute - At This Rate of Job Growth, The Unemployment Rate Will Stay Disastrously High, Nov. 4, 2011 http://www.epi.org/publication/rate-job-growth-unemployment-rate-stay-disastrously/ At the time of the above cited article, it was estimated that 280,000 jobs a month for 5 years would be required to be created just to get US employment back to pre-recession levels. Do the math: Total 16,800,000 jobs! Newly created or re-opened jobs have not been added in the US at the rate that is even close to 280,000 jobs per month. After reading the articles I have cited for you, you may have a better idea of the terrible economic situation we are in. As for the high student loan debt, a big chunk of that debt was generated by students taking out privately funded student loans, which had (and have) higher interest rates than those offered by the Federal government. The students with the largest percentage of defaulted student loans are the ones who chose for-profit/career/proprietary colleges and universities. From a US Government Accounting Office (GAO) report, Aug. 2009, [Quote] The Department of Education makes loans available to students to help them pay for higher education at public, private non-profit, and proprietary schools, and the students who attend proprietary schools are most likely to default on these loans, according to analysis of recent student loan data. Students from proprietary schools have higher default rates than students from other schools at 2, 3, and 4 years into repayment. [snip] Borrowers who are not successful in school and drop out also have high default rates. Ultimately, when student loan defaults occur, both taxpayers and the government, which guarantees the loans, are left with the costs. [End quote] Source: Stronger Department of Education Oversight Needed to Help Ensure Only Eligible Students Receive Federal Student Aid * http://www.gao.gov/products/GAO-09-600 Librarians--Ask Us, We Answer! Best wishes
Answer by Naija-Informer The economy is still in shambles, so its difficult to secure jobs
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Question by Bruce Pan: How do you know whether my loan owned or guaranteed by Fannie Mae or Freddie Mac? The Obama Administration is announcing a new program that will help as many as 4 to 5 million responsible homeowners who took out conforming loans owned or guaranteed by Fannie Mae or Freddie Mac to refinance through those two institutions. Best answer for How do you know whether my loan owned or guaranteed by Fannie Mae or Freddie Mac?:
Answer by Hmmph Here's how you figure it out since your lender probably won't tell you. There is an inquiry form at FreddiMac - they will tell you if they own your loan. http://www.freddiemac.com/corporate/buyown/english/avoiding_foreclosure/avoiding_foreclosure_form.html There is a number you can call at FannieMae - they will tell you if they own your loan. 1-800-7FANNIE Good Luck.
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The Obama administration and the housing regulator FHFA revamped the HARP program in October to allow homeowners with loans backed by Fannie Mae and Freddie Mac and who are current on their mortgages to refinance no matter how much their ... Obama's Re-Fi Plan Gains Traction
If you are buying foreclosure for the first time and are considering Fannie Mae foreclosures, there are important things that you should know in order to make the right decisions. The right knowledge coupled with the right skills can easily translate to successful foreclosure investing.
Prepare Your Finances
Buying a house means having to secure financing unless you can easily pay in cash for the entire purchase value of the property. Understand that the lender would be interested in finding out your overall financial capability as well as the credibility of your credit before it will approve your application. In general, be prepared to provide them the necessary documents that will show your financial integrity, sources of income, sound credit score as well as your history of employment. All these information are useful information that the bank will utilize in assessing your mortgage application.
Also, be prepared to make a down payment.
Your lender will definitely want to know how much you could put up for down payment. More often, this could signify to the lender your level of commitment in purchasing the property.
Buying Fannie Mae foreclosures will also require you to come up with a good credit history. This involves your purchases, your credit card payment history, your outstanding debts as well as your buying pattern through credit. It will also matter if you are paying your taxes diligently, home association dues and others.
In some cases, the lender will suggest that you put up an escrow account where you could put in money aside from your mortgage payments. This will assure them that you will have available funds to cover your payments once you start to show signs of default.
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