All Posts Tagged With: "principal"
Can Bi-Weekly Loans Stop Mortgage Foreclosures?
If you have a bi-weekly mortgage will your payments be more in line with your paycheck, thus lowering your costs and reducing the chance for foreclosure? Imagine that a household has two wage-earners who take in $100,000 per year. Lenders allow them to finance with monthly payments equal to 31 percent of their income or [...]
28Mar2011 | Peter G. Miller | 0 comments | Continued
Mortgages: The Hearing Washington Won’t Have
Yesterday was the big showdown on Capitol Hill, Goldman Sachs versus the universe. The universe won. In testimony before the Senate Permanent Subcommittee on Investigations various officials from Goldman Sachs responded to an assortment of allegations and outrage regarding their part in the sale of mortgage-backed securities. In basic terms, the folks from Goldman explained [...]
28Apr2010 | Peter G. Miller | 0 comments | Continued
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