Archive for February, 2010

Citigroup Sees Low 4.375% Mortgage Rates On 15-Year Fixed Home Loans

02/26/2010
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Citigroup’s CitiMortgage website is advertising a low 4.375% interest rate on their 15-year fixed rate home loan.  Many people buying homes commonly look for either an adjustable-rate mortgage, which usually comes with a low interest up front, or if they can lock in a low interest rate, they take a 30-year fixed rate mortgage...
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Cash Advance Loan On Your Income Taxes—Are These Loans A Good Idea?

02/26/2010
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Many people are looking for their refund on their income taxes as tax season begins to pick up speed.  One thing that most taxpayers are looking to is a cash advance loan on their income taxes.  Income tax loans have become more common and can be advertised in a variety of ways, but are...
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High Yield Savings Accounts—Are Online Or Credit Union Savings Accounts The Best Option?

02/26/2010
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High yield savings accounts are usually thought of when speaking of credit union accounts, but a possibly more popular and perhaps more lucrative savings account is a high-yield online savings account.  There are numerous online savings accounts that compare with or beat credit union savings account rates, and like any other bank, these online...
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Obama Wants Help For Unemployed Homeowners And Underwater Mortgages

02/26/2010
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President Obama is looking for new ways to help unemployed homeowners and those who have underwater mortgages in the five states with some of the highest foreclosure rates in the nation.  The states of Nevada, California, Arizona, Michigan, and Florida were hit hard by the housing crisis and recession, but according to an article...
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JP Morgan Chase Home Loan Modification Trial Periods—Is JP Morgan Helping Homeowners?

02/26/2010
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In the last report on the Making Home Affordable Program, JP Morgan Chase was reported to have made, as of January 2010, 11,581 permanent home loan modifications.  There are also 150,902 trial modifications in the works, as well as 17,959 permanent modifications pending.  However, a report from propublica.org has some information about JP Morgan...
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Refinance Your Bank of America Home Loan For A Low Rate—Are Mortgage Rates Going Up?

02/26/2010
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Bank of America, among other lenders, has been advertising low mortgage rates as of late and many homeowners are looking to refinance to a 30-year fixed rate mortgage and lock in a lower interest and monthly payment.  However, these low mortgage rates may not be around long according to an article a subprimeblogger.com, as...
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Obama Homebuyer Tax Credit And Low Mortgage Rates Make Homes More Affordable

02/26/2010
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The first-time homebuyer tax credit and the repeat homebuyer tax credit along with low mortgage rates currently being offered are making more homes available to people who previously felt that buying a home simply wasn’t possible.  While there are concerns over the effects unemployment will have on these new homebuyers, many people are finding...
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Secured Credit Cards May Be A Good Way To Build Credit Score, Credit History

02/25/2010
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Getting a secured credit card may be a great tool to help build your credit history and improve your credit score. Many big lenders offer secured credit cards and the interest rate on a secured credit card is usually comparable or lower than an unsecured credit card. Lenders like Citigroup, Wells Fargo, and Bank...
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Home Loan Mortgage Refinance Rates For Wells Fargo Stay Below 5%

02/25/2010
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Wells Fargo currently offers low mortgage rates for homeowners who refinance their home loan, as the average mortgage rate for Wells Fargo is staying below 5%. Many homeowners over the past months have been looking to refinance for a lower mortgage rate as interest rates have hit record lows in the past. Commonly, homeowners...
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Small Business Administration Loan Incentives For Start-Ups Gone But SBA Loans Still Available

02/25/2010
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Many small business owners are looking for a way to hire new workers or expand their business so they can grow and profit.  One way of doing this is with a small business loan, which is what many small business owners have been seeking over the past few months without any luck.  It seems...
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