I think that foreclosures are possibly one of the saddest consequences of the weak economy that we are fighting against. Families are losing their homes every single day because of insurmountable debt. Thankfully, there are options out there for these families, but I honestly cannot imagine the devastation caused by such an...
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One thing that I’ve noticed in my area is a lot of new homes and developments. Now, I live in a lower income area, so I’ve found this odd. As I look for my own home (I plan on buying a house within the year), the influx of unoccupied, new homes becomes more and more apparent. There are lots of empty houses in my large town that...
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One of my friends from church was in a conundrum earlier this year. Her husband was in the process of switching careers, and her job was only part-time, so they were starting to struggle with money. One of the most obvious places that they could cut down was their mortgage on their townhome, and a lot of people were pushing them to...
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Ever hear of Sallie Mae? If you have anything to do with private student loans, I bet you have. Sallie Mae started in 1972 as what is referred to as a government sponsored enterprise, or GSE for short. Now, in 1997, Sallie Mae became privatized. But, there are other GSE’s that are still out there and functioning. In short, a GSE...
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Most of us think of credit checks as this amorphous thing where the person or entity checking our credit puts in our name and other private information and gets this number along with everything we’ve ever done wrong financially. It sounds so foreboding and basically, really not very interesting. But, it’s a little known fact...
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I’ve been thinking a lot about houses lately, probably because I’m considering buying a house within the next couple of years. And, with buying a home there’s a whole bunch of things that need to be considered: Where do you want to live? When are you moving? What can I afford? Here’s a question that has crossed my mind and...
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