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No More Surprises During Closing on Mortgage Loans: New HUD Rules …

admin — Fri, 12 Feb 2010 05:52:00 +0000

No More Mortgage Surprises During the Closing of your Loan.If it hasn't happened to you, you can almost be sure you know someone it has happened to. That is the costs and fees of your mortgage loan are different when you go to sign your documents than they were the last time you saw your numbers.

Mortgage Bankers Association Sells Headquarters at Big Loss

admin — Fri, 12 Feb 2010 05:10:58 +0000

I don't know if it's poetic justice, down right scary, or just as sign of the times. The Mortgage Bankers Association has to sell it's headquarters because it's underwater. Do you think they were able to get a loan modification when so many homeowners are not getting the help they were told they would get?

Are your emotions affecting your spending and building your debt?

admin — Wed, 09 Dec 2009 19:29:36 +0000

Most of us don't realize how much our emotions are tied into our spending habits and our build up of debt. Both of which eat away at our future by reducing how much we are contributing and building for retirement. Many of our clients at No More Mortgage have felt the same way until...

No More Mortgage Plan vs. Debt Settlement

admin — Fri, 04 Dec 2009 01:21:32 +0000

There are very important differences between No More Mortgage's automated debt elimination plan and debt settlement. You should know about these differences and how they can affect your financial future. Let's look at the how each one comes into play in your quest to eliminate your debt and get back on track financially.

Do you really know how much you owe on your debt

admin — Sun, 29 Nov 2009 09:03:21 +0000

If you're like most people, you think of the balances on your statements for your mortgage, credit cards, and other debts as what you owe. Well, yes it is and no it isn't. Yes, at one moment in time a statement can show what you owe if you were to pay it off completely. And no it isn't when you factor in interest payments over time.

5 Evil Things Credit Card Companies Can Still Do

admin — Wed, 18 Nov 2009 07:04:56 +0000

CREDIT CARD REFORM BILL TRIES TO HELP CASH-STRAPPED CUSTOMERS, BUT COMPANIES HAVE NEW WAYS TO BOOST PROFITS Credit card companies are socking it to consumers left and right. They're hiking interest rates to as much as 36% and doubling minimum monthly payments, frustrating customers who are already cash-strapped and credit-crunched.

Right Way to Break Up With Your Credit Card

admin — Tue, 17 Nov 2009 17:21:43 +0000

STEPHANIE S. RECENTLY RECEIVED ONE OF THOSE LETTERS THAT CREDIT CARD ACCOUNT HOLDERS DREAD; her 11% rate had been raised to 29.99%. And when she called Citibank to complain, she was placed squarely between a rock and a hard place. Accept the higher rate, she was told, or close the card and accept the damage to her credit score.

Are Home Market Values on the Rise?

admin — Thu, 12 Nov 2009 12:36:58 +0000

In August, prices rose in 17 oF 20 cities. Only Charlotte, Cleveland and Las Vegas recorded month-to-month declines. In the past year, prices are down 11.3% in the 20 cities. Prices in all 20 cities were lower in August 2009 than in August 2008, but in general, year-over-year declines have lessened. "We do want to remind people of the upcoming...

Nationwide Home Values

admin — Mon, 09 Nov 2009 16:25:51 +0000

Following are, in descending order, the price changes in each of the 20 cities in August:

Minneapolis, up 3.2%
San Francisco, up 2.8%
Detroit, up 1.9%
Chicago, up 1.7%
Los Angeles, up 1.6%
Phoenix, up 1.6%
San Diego, up 1.6%
Washington, up 1.4%
Miami, up 1.1%
Atlanta, up 1%
Denver, up 1%
Boston, up 0.9%
New York, up 0.5%
Tampa, up 0.4%
Portland, up 0.3%
Dallas, up 0.2%
Seattle, up 0.1%
Las Vegas, down 0.3%
Charlotte, down 0.4%
Cleveland, down 0.5%

Emerging Markets in the New World Disorder

admin — Fri, 30 Oct 2009 22:25:27 +0000

From an article found on The Daily Reckoning, we have some not-so-exciting news:

Take a look this graph, from The Economist, which shows the industrial production of emerging Asia compared to the United States.

States that have the highest average income?

admin — Mon, 26 Oct 2009 12:45:40 +0000

Census Bureau reports that Maryland had the highest median income level in 2008, at $70,545, while Mississippi ranked very last with $37,790. Maryland is the nation's top-earning state for the third year in a row, with a median household income of $70,545 in 2008, according to a U.S. Census Bureau report released Monday. The states with highest median incomes are concentrated in the far West and in the Northeast, around the District of Columbia. Most of the lowest-earning states are in the South. Mississippi had the lowest median income of just $37,790, while West Virginia ($37,989), Arkansas ($38,815), Kentucky ($41,538), and Alabama ($42,538), round out the bottom five. The four highest earning states after Maryland, are New Jersey, which has a median household income of $70,378, Connecticut ($68,595), Alaska ($68,460) and Hawaii ($67,214).

NO MORE Mortgage employee Bryan Kariya key in BYU win

admin — Fri, 11 Sep 2009 23:13:17 +0000

It was very impressive, and exciting to see Bryan Kariya make such big plays, and receive such high commendation from coaches and team mates for his performance in BYU's win over Oklahoma. Bryan spent his summer working at NO MORE Mortgage as a Personal Finance Analyst, helping families put in place a disciplined and customized financial plan to help win the battle against debt. The mission of NO MORE Mortgage is to reverse the tide of consumer debt in America.

Cost of Living Higher in California?

admin — Wed, 02 Sep 2009 21:48:08 +0000

The “real” cost of living is important in finding out which states are the cheapest, and which states are the most expensive. In other words, New York and California are TRULY the most expensive states in the nation. Alaska is #1.

How to teach financial independence to your children

admin — Tue, 01 Sep 2009 14:51:10 +0000

NO MORE Mortgage urges each parent to give serious consideration to the financial education of their children. The attached is a great set of suggestions for parents to help their teens take more financial responsibility. The websites in suggestion #1 seem especially helpful.

Banks in distress highest in 15 years

admin — Fri, 28 Aug 2009 19:13:55 +0000

NO MORE Mortgage

BOSTON — The Federal Deposit Insurance Corp. reported Thursday that the number of distressed banks rose to the highest level in 15 years as its insurance fund continued to shrink.