Posts tagged as:

mortgages

Homeowner Affordability and Stability Plan–Refinancing and Restructuring Home Mortgages

by DR

Last month President Obama unveiled the Homeowner Affordability and Stability Plan. The plan represents a $75 billion homeowner stability initiative designed to help 7 to 9 million families restructure or refinance their home mortgages to avoid foreclosure. The plan has three key components:

Refinancing for Up to 4 to 5 Million Responsible Homeowners to [...]

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Warning: Your home equity line of credit may evaporate in an emergency

by DR

Your home equity line of credit can be reduced or canceled if your finances take a turn for the worse, which reminds me of the Seinfeld episode when George Costanza pushed an elderly woman, a clown and a room full of children out of his way so he could escape what he thought was a [...]

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Reader Question: Should $15,000 be invested in P2P Lending or in a Better Mortgage?

by DR

A new reader of The Dough Roller sent me an email asking how she should invest $15,000. She initially considered investing in P2P loans with Lending Club or Prosper, which is how she found my site. But now she wonders if she should use the money to refinance her mortgage instead. Here [...]

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Real estate, foreclosures, mortgages, and other things that go bump in the night

by DR

A terrific group of personal finance bloggers got together to write about the current real estate and mortgage crisis. The result was a collection of great articles that I’ve linked to below. And if you were ever curious where the phrase–things that go bump in the night–came from, make sure you read to [...]

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Sunday Links (Sunny Day Edition!)

by DR

Here are some of the stories in the blogosphere that caught my eye this past week:

Pick the Brain asked his readers what they used to manager their finances. The comments to the article include some great money management tools.
Nora Dunn at Wise Bread discusses the benefits of charitable giving.
My Two Dollars talks about organizing [...]

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Contracts 101: The Big Words Giveth, and the Small Words Taketh Away

by DR

Many years ago I was a buyer for a large pharmaceutical company. My boss had worked at the company for many years, and was a man of great experience. As he taught me to negotiate contracts, he constantly reminded me of this one eternal truth–read the fine print. As he put it, [...]

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When Faith and Business Don’t Mix

by DR

The WSJ yesterday published an article entitled, Mortgage Woes Take Toll On Lender With Roots in Faith. The article describes HomeBank Corp., a mortgage company that frequently opened meetings with prayer and every branch kept a chaplain on call. Training classes were required of all new employees, who had to promise the company [...]

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How To Know Instantly You’re Being Conned–Part 2 (Metro Dream Homes)

by DR

This morning I wrote about a real estate deal being offered by Metro Dream Homes. The news came from a Washington Post article by Elizabeth Razzi. Well, she reported again on Metro Dream Homes and its CEO. Apparently, in 2001 Andrew H. Williams consented to a permanent shutdown order for his business [...]

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