Monday, September 13, 2010

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

What is a good health insurance for children with special needs?

Posted: 13 Sep 2010 02:37 AM PDT

My son is on a feeding tube due to a small bowel transplant he received last year. My husband and I are returning to a full work schedule and our health insurance (Tricare) does not cover a nurse for him, or special daycare because his only special need is the feeding tube and the medication he receives through it. Apparently that’s not enough. So is there a good company that I can purchase insurance through who will cover these types of things for him?

Keiser Report №38: Markets! Finance… Goldman Sachs!

Posted: 12 Sep 2010 07:21 PM PDT

This time Max Keiser and co-host, Stacy Herbert, look at the scandals of bailout buffets for Too Big to Fail banks; selling complexity to very profitable unsophisticated investors; the IMF is ‘there to help Greece’ . . . in a Dr. Kervorkian kind of way. In the second half of the show, Max interviews economist Max Fraad Wolff about US government debt.

Is There Really A Need For A Mortgage Broker?

Posted: 12 Sep 2010 04:52 PM PDT

The recent downfall of real estate prices have ushered in a fresh ray of hope for prospective home owners. With mortgage rates coming down, today many people are able to realize their dreams of owning a house. Many individuals are able to own a home at these rates today. An individual should assess his needs carefully to decide which among all the mortgage choices best fulfils his requirements.

Traditionally loans meant a visit to the bank, but today mortgage brokers come to the rescue. There are various mortgage plans available with mortgage brokers which cannot be seen in a bank. An internet search will give you an immediate list of brokers available in your city. Rates with mortgage brokers are at times lower than that of the banks.

The basic requirements before getting a mortgage are verification of income and its source, the amount of down payment, personal details of Tax Returns and Bank statements for conducting credit checks. They also calculate your GDS (Gross Debt Ratio) and TDS (Total Debt Ratio) ratios. If your GDS is rated to be higher than 32% of your gross income you will find it difficult to get a mortgage.

The duration of your loan period is needed to ascertain your mortgage rate. Mortgage can vary from 15 to 30 years. The duration will also have an impact on the down payments and so a shorter duration is always preferred to avoid higher down payment.

Another deciding factor is the rate system. You can choose from Adjustable Rate Mortgages (ARM) and fixed rate mortgages. Flexible rates are the norm with Adjustable Rate Mortgages. Since ARM carry an inherent risk of market fluctuation, their initial rates are much lower. Fixed mortgages on the other hand remain inflexible throughout your mortgage duration. It is safer to stick to fixed rates especially when considering a long term loan.

The vast selection of mortgage choices also includes balloon mortgages which provide mortgage at comparatively low rates and remain unchanged for a particular period. After this period, you will be required to close the mortgage with a full and final lump sum payment. This type of loan is best suitable for short term duration.

Mortgage choices today provide plenty of opportunities due to lowering of interest rates and availability of houses at cheap and affordable rates.

Visit this website for more information on mortgage choice

Jobs, global economy, SBA loans, stimulus, GI bill

Posted: 12 Sep 2010 04:47 PM PDT

Schiff Report Video Blog Sept. 3rd 2010

National Health Insurance Debate Under Nixon

Posted: 12 Sep 2010 02:27 PM PDT

In 1971, President Nixon proposed a national health insurance plan built on heavily employer private coverage. Senator Ted Kennedy proposed what would today be called a single-payer plan. In 1974, the debate had morphed into Nixon vs. Kennedy-Mills vs. Organized labor. Despite the prediction in the second clip shown, the result was stalemate rather than passage in 1974 or 1975.

Home Loan Rates

Posted: 12 Sep 2010 07:06 AM PDT

Home loan rates can be adjustable or fixed. Variations from these two categories do exist, but common features are preserved. Lenders and borrowers alike will conduct research and negotiate contracts revolving around such criteria. Consider the following aspects when you need to decide for variable or fixed rates.

Fixed home loan rates are preferred by many borrowers who don’t want to be exposed to the price fluctuations that can lead to an increase of their monthly payment. Sometimes the cash rates drop, and savings will not be possible with a fixed monthly payment. Nevertheless, first time home buyers will prefer to stick to fixed home loan rates. The main advantage here is the possibility to plan the budget without fear of market changes.

When you have to make the repayment in advance, you will have very little flexibility with such home loan rates, and even be charged with a penalty fee. This means that when you have fixed home loan rates and you want to finish the repayment before the appointed time, you will have to pay a termination fee. This negative aspect does not affect home loan rates that belong to the variable or adjustable category. Yet, it’s hard to tell which home loan rates are better, because one can find pros and cons in both variants.

When the market index drops, you will have smaller home loan rates to pay every month. Even so, the risk of an increase in the market index is usually higher, and normally, you tend to spend more money on the home loan rates every month. Things thus become more difficult when deciding which to choose. The lender’s offer will tend to be influenced by the borrower’s income, the value of the property and the individual conditions that vary from case to case.

We can mention further types of rates home loan that you may come across such as discount home loan rates, introductory rates, balloon fees, negatively amortizing loans, graduated payment home loans and so on. The charged fees, the conditions and the specifics of each of these will vary depending on the lender.

The customer will normally act under a money saving impulse. Shop around and make a parallel between the so-called comparison rates to find out the most advantageous home loan rates for your condition.

Posted by Blogku at 7:05 AM

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