Right off the bat, here’s the main question that this guide of sorts is supposed to tackle: “What is the difference between bank foreclosure and homeowners’ association foreclosure?” Actually, the answer is quite simple, and it lies mostly with the respective names of each foreclosure variant. Homeowners’ associations and banks are two vastly different debtors that each have their respective contracts that allow them to produce liens on your property and foreclose on it for unpaid dues. A bank mo
Archive for December, 2010
27
Dec
2010
24
Dec
2010
Posted by Christian Bowles
First National Bank offers attractive interest rates for their certificate of deposit deals in Wisconsin. Their top cd rates are for medium-term certificates of deposit:
13 months 1.85% APY
25 months 2.00% APY
Both of this best cd rates can be acquired by opening an account with a minimum opening funding of $2,500. The early withdrawal penalty for the 13-month CD is 90 days of earnings while the 25-month certificate collects 180 days of earnings.
They also have IRA accounts which yields 1.51% APY for 18 and 24 months of maturity. Read more…
23
Dec
2010
Posted by Alexis Del Fabbro
For this article I wanted to try something different: I will propose the idea “Is gold in a bubble?” and if so, “What does this mean for gold?” Based on my review of “How to Profit in Gold” posted not too long ago, it seems that most people will need to understand gold a little bit better in general – not to mention what it means for the metal to be in a bubble.
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Article by Ben Weir
Ben is committed to being a lifelong learner and exploring many topics of practical importance in life-one of which is personal finance. He does not hold a
22
Dec
2010
Posted by Joseph Lowrie
B2 Funding is offering Texans a great deal on 15-year home loans.
Its fixed-rate mortgage costs only 4.125%, with $450 in fees and no points. 
That’s beats the national average of 4.37% for 15-year mortgages, which are particularly popular with homeowners who are refinancing.
The monthly payments are higher than with a longer loan. F
18
Dec
2010
Posted by Christian Bowles
First General Credit Union offers great certificate of deposit deals which have the following current interest rates:
6 months 1.00% APY
12 months 1.40% APY
13 months 1.65% APY
24 months 1.75% APY
36 months 2.25% APY
48 months 2.50% APY
60 months 3.00% APY
The 13-month CD special is a great money in the bank deal when you compare it to the national average of 12-month certificates which gain around 1.00% APY. Read more…
17
Dec
2010
Posted by Joseph Lowrie
NUVO Bank & Trust Co. offers its customers in Springfield, Mass., one of the best returns in the country on personal savings accounts.
It’s paying 2.02% APY on Growth Savings Account balances up to $25,000, and 0.75% APY to 1.07% APY on investments in excess of $25,000.
That’s almost six-tenths of a point more than you can earn with the best nationally available savings account, and no minimum deposit is required.
Since this is a local offer, you must apply in person at NUVO Bank‘s single location, 1500 Main St. in Sp
17
Dec
2010
Posted by Alexis Del Fabbro
This week the Senate suggested to get rid of penny, according to the Bank of Canada the penny has lost 95% of its value since 1908 and it currently costs 1.5 cents to produce 1 penny. Given these to get rid of the penny, personally I am all for it. Before the Euro came in several European countries did not have pennies in circulation and the economy functioned just fine.
This weeks readings:
Eight Ways to Avoid Car Financing Mistakes @ Wallet Pop Canada
Luxury Stocks Flying High @ WSJ
Competition watchdog targets Visa, MasterCard over fees @ Globe & Mail
Throughout the week we highlight other interesting articles through our twitter account, you can follow me on twitter or follow your twitter feed.
14
Dec
2010
Posted by Christian Bowles
Although many people understand that the information on their credit report can affect their ability to obtain credit, they fail to realize that their credit report can affect their lives in many other ways as well. Because of this misconception, hundreds of thousands of individuals do not give monitoring their credit report the level of importance they should and neglect to review the information on a regular basis for accuracy. Over the past decade, a credit report has become one of the most important pieces of financial information available to an individual and the number of areas of your life that can be affected by the information contained in your credit report have increased significantly.
Information Contained In A Credit Report
The information that is included in your credit report is the information that creditors use to make a determination about your ability and willingness to repay your debts. This information includes any open credit accounts, the payment history for the accounts, whether the accounts are current or delinquent, and the amount of time that the accounts have been open. Delinquent accounts and missed payments are reflected on the credit report for a period of 7 to 10 years, depending on the type of account.
The information included in your credit report is used to calculate your credit score, a three-digit number that provides an instant look at your creditworthiness. Every piece of negative information reported to your credit report will cause a reduction in your credit score while steady payments and a long account history will result in an increase in your credit score. Keeping your credit score as high as possible is important for being able to obtain credit at a reasonable interest rate.
How Can This Affect My Life?
Negative information in your credit report can affect a number of different areas of your life by causing a reduction in your credit score and painting a picture of irresponsibility for future creditors. Rental companies for apartments and town homes often look at the credit reports of their applicants to make a determination of whether they can depend on the person to pay their rent on time. Car dealerships can deny car loans or increase the interest rate charged for the loan based on a person’s credit history.
Having a great deal of negative information on your credit report can even disqualify you for an employment position if the employer determines that you would be too much of a risk in a position of trust. The information in a person’s credit report is a reflection of their financial stability and can affect many significant areas of your life.