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How Does Simple Interest Work?
January 5, 2004 "What are the benefits/drawbacks of a simple interest loan versus a traditional mortgage? Which would you take if offered the choice?" I would select a traditional mortgage. If ... more...

Avoiding Mortgage Predators
August 20, 2001 ?I read a lot about predatory lending.  How do I avoid becoming a victim??    To educate myself on what makes a victim, I recently studied 51 case histories of households ... more...

mortgage debt loans 401k loan simple interest bankruptcy related definitions

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

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Money Problems?
You're not alone. Many people face a financial crisis some time in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn't have to go from bad to worse.Have ... more...

7 Tips For Transforming Students Into Financially Responsible Adults
Yes, it is possible for your student to learn some valuable life lessons while they are away at college. Not all of them may be a possibility for your family, depending on financial ability, but it may be valuable to consider the options. Many things are possible, even though they sound out of ... more...

Boat Loans
A life on the ocean waves! If that is your dream then you could make it a reality with a specialized Boat Loan.If you want to have your own small pleasure boat or even a larger commercial one there are many loan companies that provide specialist boat loans to help make your dream a reality.You can ... more...

Get Off Your Butt and Create Your Financial FutureNow!
Most people have no idea where their money goes. They earn it and they spend it.That's fine if you want to live from week to week and are not concerned about your financial future. However if you want to increase your wealth and have more options, action needs to be taken by you otherwise you could ... more...

Bankruptcy Your Best Bet?
Filing bankruptcy is a common practice among the U.S. Over 2 million people file for bankruptcy every year. So many families today are swimming in debt, which is not surprising with the amount of credit that is being offered. If you pay your bills, you're given the opportunity to run up more bills. ... more...

Investing: Commercial Property
Investing in commercial property is well beyond the financial means of most people. Few can afford the large sums of money involved in buying commercial real estate. For most of us our investment in real estate is limited to where we live - our home.But unfortunately our home doesn't generate any ... more...

Buying Foreclosed Properties: Important Pitfalls
Many people have started looking at foreclosed properties as a new, cheap real estate investment. Properties at foreclosure sales often sell at a substantial discount, so you can get a very good deal in many cases. There are several problems you have to watch out for, however, so be careful.First, ... more...

Retirement Income Needs---Less Than You Think?
It is widely written that you need 75% of your present income to maintain your present life-style in retirement. If you make 100 thousand now, figure 75 thousand in retirement.Fifty thousand now, figure 37.5 thousand in retirement. The average retirement income in the US is 27 thousand. See ... more...

Top 10+ Ways to Jumpstart your New Years Finances!
Of course, these don't have to be done in any particular order! Just pick one or two that particularly apply to your situation. * Create your 2005 filing system. This might include new file folders, a new box to hold them or space in a filing cabinet with easy access. Mp>* Set up a folder to ... more...

A One Stop Financial Solution
Amy Wright, 34, was extatic when her realtor showed her the three bedroom townhome overlooking the lushious golf course. It was exactly the home she was looking for. The interior was sunny and bright, with a newly remodeled kitchen, spacious bedrooms, and the perfect little study area to set up her ... more...

Is Reciprocal Link Exchange Dead?
The sun seems to be setting on the world of reciprocal link exchange. Sites that major on that may have to switch to a new paradigm, or go down like the titanic.The major search engines seem to frown at reciprocal link exchanges, and gradually it is becoming obvious that chasing reciprocal links ... more...

Official Disaster Relief- Help for Hurricane Katrina Survivors
During this very difficult time, many Americans will face overbearing challenges. OfficialDisasterRelief is here to provide assistance and referrals to agencies dedicated to rendering the necessary support for events like this.Here are some tips to keep in mind in the days and weeks following the ... more...


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