Posted February 18, 2009 - 23:13 by Xin Lu
Personal Finance, Real Estate and Housing, Consumer Affairs
Today President Obama announced a new $75 billion Homeowner Affordability and Stability Plan to the world. It is touted as a plan that helps responsible homeowners who have not yet missed payments. However, will it really reward responsibility? Lets take a quick look at what is in the plan.
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Posted December 4, 2008 - 11:44 by Xin Lu
Personal Finance, Real Estate and Housing, Consumer Affairs
It seems like everyday the folks in Washington are rolling out a new plan to fix our economy. The Federal Reserve is running out of room to cut their federal funds rate, so now the news reports that the Treasury is planning to forcibly cut mortgage interest rates to 4.5% on new mortgages. The details about the plan still remains unclear, but will this boost the sagging housing market? Also, how could this help you as a consumer?
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Posted February 21, 2008 - 15:38 by Xin Lu
Personal Finance, Credit Cards, Investment, Real Estate and Housing, General Tips
Dealing with financial products can be very confusing and stressful, but there are some products that you should absolutely stay away from for the sake of your financial health. Read on for a list of six things I think people should avoid.
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Posted October 17, 2007 - 14:41 by Nora Dunn
Personal Finance
Can debt possibly be a good thing? Sometimes yes, sometimes no. But carrying debt that enables you to earn money is a concept called Leveraging, and can be very effective in building wealth, businesses, and incomes.
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Posted September 26, 2007 - 12:00 by Julie Rains
Real Estate and Housing
A tip from Eric Fedewa sparked a discussion between Wise Bread bloggers (Andrea Dickson and me). He brought a new financial term (front-loading) to our attention that indicates how interest on fixed rate mortgage loans is heavier in the beginning of a term. Our exchanges focused on the front-load concept.
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