Monthly Archives: January 2008

So Exactly Where Is That Help Obama Promised to Home Owners in Trouble with Their Mortgages?

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mortgages

Mortgage delinquencies hit another record in 3Q

http://apnews.myway.com/article/20091117/D9C18RSG4.html

I was under the impression that Obama had a plot to help people who were having mortgage problems. You know the people victimized by the evil wall road bankers.

So where is the help or does Obama really prefer to see people baggy their homes and become dependent on the government?

Is It a Good Idea to Refinance My Current Vehicle at the Same Interest Rate?

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refinance

I don’t have the greatest credit, but I have an chance to refinance my current vehicle. I would be continuing payments on the same remaining terms (not re-extending my loan), but I would be skipping one month, which would allow me to pay off a higher interest credit card. I was told by the new lender that it could in fact help improve my score by paying off the existing lender and re-starting under a new one. Other than this, there is really no other subsidy, especially since the interest rate is the same (high). Just wondering if it makes significance to do what I am thought?