Debt

Should You Charge Your Boomerang Kids Rent?

by Melissa

Years ago, children graduated from high school, got a job and shortly thereafter got married, bought a home and had children. This pattern may have been delayed a few years as more and more people obtained college educations, but the pattern remained basically the same. Now, however, the number of adult children living with their [...]

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How Will Your Student Loans Affect Your Credit Score?

by Miranda

You’d be hard-pressed to make it through college these days without student loans. With the cost of a post-secondary education rising each year, most people can’t afford to attend university without the help of student loans.  Even a 529 plan and a partial-tuition scholarship might not be enough to avoid student loans. While there are [...]

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Bank of America Mortgage to Lease Pilot Program

by Glen Craig

Although the foreclosure crisis is making far less headlines than it once did, it is still a big problem in America. In fact, underwater mortgages are back to 2011 levels, currently at 11 million homes or 22.8% of all residential mortgages. For those 11 million homeowners, an underwater mortgage represents an impossible financial situation to [...]

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Student Loan Debt Bubble – Is This Our Next Economic Crisis?

by Glen Craig

As if the student loan problem wasn’t already approaching crisis levels, it may get a lot worse. In 2010 more than $100 billion worth of student loan debt was taken out, making the total amount that Americans owe for education now more than $1 trillion. The average graduate leaves school with $25,250 in student loan [...]

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What is Mortgage Amortization and How Does it Work?

by Glen Craig

Paying off a mortgage is an overwhelming task. A mortgage is a big debt—almost as big as your house—so the best most of us can hope to do is to shorten the term by prepaying as much of the loan that we can as quickly as we’re able. Why should we want to do that? [...]

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Contemplating Marriage? Love Is Not All You Need

by Melissa

The Beatles famously sang, “All you need is love, love, love, love is all you need.” So many of us buy into this simplistic belief and think that love conquers all. Many of us rush into marriage and ignore the red flags that are before us, thinking problems will work themselves out after we are [...]

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Alternatives to Foreclosure

by Miranda

If you are concerned that your home might become a foreclosure risk, you are probably casting about for other options. Foreclosure can impact your credit score, and make it difficult for you to purchase a home in the future — at least for the next two to four years. When you are trying to avoid [...]

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Mortgage Plan to Help Homeowners – $26 Billion Settlement with Big Banks

by Glen Craig

If you’re wondering when help will arrive for your underwater home, on February 9th, 2012, a giant step forward was taken on your behalf. The Obama Administration announced a settlement with five of the largest banks, Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, and attorneys general in all states with the [...]

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Obama Mortgage Relief Refinancing Plan – A Tax on Big Banks and More

by Glen Craig

We Can’t Wait That’s the new slogan that the Obama Administration is trying out, presumably thinking of the campaign as Obama approaches the full force of election season. In Las Vegas, one of hardest hit housing markets in the United States, Obama said, “we can’t wait” for an increasingly dysfunctional Congress to do its job [...]

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