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How Do You Shop For a HELOC?
October 20, 2003 "Do I shop for a HELOC in the same way as I would shop for another mortgage?" No, shopping for a HELOC is very different from shopping for a standard mortgage. In most respects, it is simpler, if you know what you are doing. A HELOC is a line of credit ... more...

Is Mandatory Disclosure Unfair to Brokers?
May 8, 2000 "I take exception to your proposal that mortgage brokers be required to quote a price for their services...I like to compare our industry to a department store.  Should a law be passed that requires department ... more...

wall street journal related definitions

Prime Rate
Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... more...

Freddie Mac
Freddie Mac Federal Home Loan Mortgage Corporation (FHLMC) also called "Freddie Mac" - a quasi-governmental, federally sponsored organization that acts as a secondary market investor to buy and sell mortgage loans. FHLMC sets many of the guidelines for conventional ... more...

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Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Every Path Has Puddles
On the path of life there will be some rain and therefore puddles. Most are shallow and we easily splash through them and occasionally there might be a very deep one. Learning to navigate them will make the journey more pleasant.Your investment journey to the pot of gold at the end of the rainbow ... more...

Inverted Interest Rates
Inverted interest rates? Whats that? Who cares? Even if you dont understand what Mr. Greenspan is saying (and almost nobody does) it is important to you because it could mean you might lose you job next year or have to cut back on some of the things you want to acquire.It really is very simple, but ... more...

How to Obtain Grants for Your Child Day Care Center
Today childcare centers are gaining importance as a profitable business. Many people are seeking advice to obtain grants to start their own childcare center, expand their program, or upgrade their facilities.One way to locate financing for your childcare business is to:Check with your local bank ... more...

Workers
We have read about the unemployment rate being high. Really anything around six percent is pretty good and it is less than that now according to the statistics, but some politicians say it is terrible and others say it is reasonable. It depends upon which side of the isle you sit.Our Washington ... more...

4 Simple Tests To Find Good Real Estate Investment Properties
You're driving along the road when you spot it. There in the middle of a shaggy lawn sits a disheveled property. It may need a good coat of paint, or a shutter straightened out, but it's easy to see that with a little work it could be a little gem of a property. Best of all, sprouting in the middle ... more...

The Elephant
Four blind men were asked to give a description of an elephant. They had not seen one or ever encountered such a beast.One grabbed hold of its tail. Another put his arms around a leg. The third gripped its trunk and the fourth walked into the side. The description given by each one was correct and ... more...

Rear View Mirror
Buying a stock or mutual fund is like a driver who is going down the road at high speed, but is using looking in the rearview mirror as a guide. He can see fine out the back, but has no idea what is ahead. Sound familiar?Your broker is going to help you with driving; I mean picking stocks and ... more...

Perfect Storm
Having lived aboard a sailboat for 2 years I was stricken when I saw the movie PERFECT STORM. I know these are things you want to avoid at all costs. Even little storms can play havoc with your life style on a boat.From a world view it looks like we are headed into a perfect storm of world ... more...

Real Estate Margin Calls
Have you ever heard of a real estate margin call? You know about stock market margin calls. Thats when you have bought more stock than you have money and borrowed from your broker to buy extra shares. You bought $10,000 of stock, but only have $5,000 in your account.It is great as long as the ... more...

REIT: Real Estate For The Elite
While real estate syndicates are formed for a variety of reasons, the typical reason is to create a tax shelter. More specifically, the purpose of a Real Estate Investment Trusts or REIT is to reduce or eliminate corporate income taxes. In the United States, where they are generally more widespread ... more...

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