Hey Eddie, should you pay any principle on your mortgage? There correct answer is not the same for everyone. For most Americans, the principle reduction of their mortgage is the only forced form of savings they have. Paying towards principle seems like a good idea and watching the mortgage balance decrease makes people happy. The [...]
Good news from the former U.S. Federal Reserve Chairman Alan Greenspan today in his remarks made in Tokyo. He does not think economic slowdown in the U.S. is probable, which is a tamer version of his warning made earlier in the week.
“It is possible we can get a U.S. recession toward the end of the [...]
Two of the hot topics lately are affordabilty and sustainability. In short, can the borrower afford to get in a home (qualify) and can they stay in the home (avoid having to sell). As home prices have increased, many buyers have used non-traditional mortgages to help them bridge the gap between the cost of the [...]
Sometimes it is nice to know that you are not the only one who is having financial hardship. Coming to grips with spending habits and debt levels is not easy for some to do. Not talking about it will not help the situation get better. Here are a few consumers who have taken their effort [...]
According to the Department of Justice, identity theft is passing drug trafficking as the number one crime in the nation. Victims spend an average of 330 hours recovering from this crime over 6 months. The University of Indiana reports that 14% of phishing scams are successful. With an estimated cost to US businesses and consumers [...]
Each month, we get the monthly non-farm payroll report from the Labor Department. No other piece of news is more closely watched by the markets and the Federal Reserve than this employment data. The report for January showed that the unemployment rate climbed to a four-month high and wage growth was a little slower than [...]
The big sell-off today accomplished a very important thing today. It got investors to take a serious look at their positions and why they carry them. We may see further selling pressure tomorrow or the markets may find a bottom mid-day. Who knows for sure. Trying to call a bottom is pointless. You would be [...]
On Saturday, there was a Housing Fair held at the new EOA building at 1120 May Street. There were enough doughnuts and coffee on hand to wake even the best of them. From 9am till noon, Quennie Parker (912) 238-2690 led short classes on how to become a homeowner. With a focus on education to [...]
Make no mistake about it. The evolution of credit scoring has helped consumers. The system was designed to give lenders a faster, unbiased idea about the risk associated with making a loan to someone. Think of it as a measure of a person’s credit worthiness. How exactly is the score calculated? There are [...]
Hello world and welcome to How To Get Home. Please be patient the next few weeks as I work out all the kinks in the system. I look forward to helping you make the Lowcountry your home. If you have any thoughts or suggestions on how I can make this blog more helpful, let me [...]
