The Zero Down 80/20 Mortgage
This is an excellent loan for those that are lacking the down payment required for other types of mortgages.The 80 20 mortgage is simply two loans for 100% of the purchase price. It is a first mortgage at 80% of the purchase price with a 20% second mortgage.If you are a conforming borrower, doing ... more...

A Bad Real Estate Market is Good for Real Estate Investors and the Country!
The real estate industry in this country is in for a rude awakening!The realtors, mortgage brokers, investors (really speculators) and Alan Greenspan are whistling past the grave yard, living on borrowed time.Few people realize how bad the real estate market can become. I remember in the late 70s ... more...

Purchase Your Future Now While It Is Still Inexpensive
Leaving school, getting a new job, or even a raise at your current one, has most people considering their next great purchase. Few think about the affect this could have on their future. Rather than pay down the debt they carry, many ponder, What can I buy now? The greatest purchase ... more...

Low Interest Credit Cards: A Thing of the Past?
With interest rates rising, low or zero percent credit cards may soon become a thing of the past. However, the wise shopper can still secure a low rate by carefully shopping around. Here are some ways you still get a bargain rate card:Contact Your Current Provider. Chances are the interest rate ... more...

Philosophical Thoughts of a Road Warrior; Part I
With a tip of the hat to Virginia Woolf, William Faulkner and Dennis Miller; as I drove from Katy TX to the West side of Houston, I watched through the side-windshield of the Mobile Command Center traveling at 75 mph the freeway at the lines going by me in the rear view mirror and reflecting on ... more...

The Real Estate Cycle
The real estate cycle, like the business cycle, refers to the activity of the real estate market as it reacts to the forces of supply and demand.Supply and demand.When demand for a product, such as housing, exceeds the supply, the price for the product tends to increase. In real estate this ... more...

Hurricanes Katrina and Rita Will Mean Increased Costs of Building in the Future, but not Immediately
Hurricanes Katrina and Rita will mean increased costs of building in the future, but not immediatelyThe natural disasters of Hurricanes Katrina and Rita have left upwards of 200,000 homes either destroyed or uninhabitable and needing rebuilding. This country has never seen a disaster on this scale ... more...

15 Important Credit Card Terms to Consider Before Applying for a Credit Card!!
If you don't understand the language, credit card offers and statements could lead you to deep debt -- or at least furious frustration. For the big scoop on the fine print, here's what these frequently used credit card terms mean.1.Average daily balance -- This is the method by which most credit ... more...

Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate
Interest rates are on the rise and many home owners who have adjustable rate mortgages may see increases in their forthcoming annual adjustments.Federal Reserve Chairman Alan Greenspan made it clear in 2004 that the Federal Reserve would be increasing short-term interest rates at a measured pace. ... more...