Happy Easter and other musings

Happy Easter to everyone. I haven't updated this blog in a quite a while....busy busy busy.

Eventhough our official sponsor is http://www.kstreetloans.com, i post whenever, i see a financial company that catches my eye.

Anyways a few days ago I got sight of a company that I saw an ad for on Lifetime TV so i checked them out: http://www.pioneerlenders.com I had also heard of it being referred to as a "mom & pop" Lendingtree.com with a local feel (they service all 50 states though from what i understand).

I'm always interested in these financial companies and their angles. A while ago I posted about http://www.prosper.com. Prosper.com is a loan market place where ordinary people go and borrow money from ordinary people like you and me.

Pioneer Lenders is loan portal for a lack of better word that allows you to do anything from refinancing your home, to getting a student loan for your child's education, to consolidating credit card debts even if you are not a homeowner. What I liked was the convenient online factor and the potential for a fast loan. They had a 1 pager form.

Anyways, if you know of an interesting financial website - feel free to suggest a review.

On a totally on unrelated note...

I need a vacation. I would like to take a one month vacation to Bora Bora or Fiji and park myself on a beach....my only worries being what to drink, eat and what palapa to sit under on the beach.

Lenders putting the halt on subprime mortgage loans - ooooh oh

It seems that the trend of lenders giving subprime mortgage loans might be taking a hiatus. Today's financial news reports that delinquencies in late mortgage payments are a 3.5 year high. This is not good for lenders and in general for financial markets.

If you are not familiar with subprime mortgages - they are basically mortgage loans and mortgage refinance loans offered to people with bad credit. With the recent rapidly gained equity in home values, some lenders did not consider these types of loans to be too much of a credit risk so they gave people who had low credit score new home buyer loans. New home purchase subprime loans are the most risky because you are offering a loan to someone who has not proven that they can pay their bills on time.

Subprime refinance loans are less risky because chances are an existing homeowner will want to stay in their home and strive to keep up with their payments. In addition, they have equity in their home. Thus, if you are already a homeowner getting a subprime refinance loan is not as difficult as a new home buyer getting a new home purchase subprime refinance loan.
You can still get a subprime refinance loan with a credit score of 600 and up.

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For mortgage refinance loans, home equity loans, home equity line of credit (HELOC) and debt consolidation loans visit http://www.kstreetloans.com.

Greenspan Versus Bernanke

I haven't updated the blog in about a week or so. Alot has happened since the last update. Alan (the former FED chairman) Greenspan opened his big mouth with the word "recesssion" and the markets came tumbling down and then Ben Bernanke (the current FED chairman) smoothed it over and the market somewhat rebounded. The funny thing is that it rebounded for no apparent good reason since that very day there were economic indicators that the housing market and other financial sectors weren't doing too well.

Go figure.

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Visit www.kstreetloans.com for home refinance loans, debt consolidation loans, home equity loans and HELOC - up to 125% LTV.

Why Rent Versus Buy

I'm doing a short blog today. I found an interesting article about the advantages and disadvantages of renting an apartment or buying a home on http://www.kstreetloans.com.

Here is the article.

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visit http://www.kstreetloans.com for refinance loans, home equity loans, HELOC and debt consolidation loans. Bad credit refinance loans also offered.

On Looking At Prosper.com Closely

So an update on www.prosper.com. I have been reading more about this unique financial experiment and spent quite sometime reading their lender and borrower forums. From what I understand most of the borrowers have bad credit and also there are some borrowers, who get cash and never pay back the money. This fact has led to some lenders being very picky about who they lend to.

Some lenders even have a "wall of shame" where they track borrowers who have no paid back their loans. There are arguments that prosper.com will fail because pretty soon the website will be taken over by people with bad credit who don't want to use payday loan lenders. This will inturn lead to more loans that are unpaid and eventually the lenders will run.

So, i guess only time will tell - let's see where this goes.

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As always, if www.prosper.com is not for you and you need to refinance your mortgage loan - get a refinance loan, debt consolidation loan, home equity loan or HELOC through http://www.kstreetloans.com - the internet's leading mortgage refinance resource. Bad credit refinance loans also offered.

Prosper.com What An Ingenius Idea!

So may be I have been living under a rock for this past year but i just discovered www.prosper.com. This idea is purely genius. It basically connect individuals seeking loans from anywhere from $1000 to $25,000 - I think you can get more. Basically you go on there and say how much money you need say $10,000 and you submit your credit rating. A, B, C, D, etc. The smaller the letter the better.If you have bad credit - you borrow at a higher interest rate than a person with good credit.

The system is quite impressive. if you want $10000 about 200 could bid on your loan - each giving you $200, $100, $500, etc.

Why didn't I think of this idea.

However, if you are a homeowner need a large amount of cash refinancing is still your best option.

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Visit http://www.kstreetloans.com for refinance loans, home equity loans, home equity line of credit (HELOC) and debt consolidation loans. Bad credit refinance loans also offered.

Banks No too Eager About Subprime Loans Anymore

Apparently the trend of offering subprime home purchase loans and subprime refinance loans is coming to a slow end. Banks are no longer eager to give people with bad credit loans. This is mainly due to the fact that home values have stabilized or gone down for the most part. In addition alot of people who go subprime loans have foreclosed on their homes leaving the banks dry.

However, it must also be said that for each subprime loan that was turned down by one bank - another bank stepped in to take its place so it seems that subprime loans are not completely dead.

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Visit http://www.kstreetloans.com for refinance loans, home equity loans, home equity line of credit and debt consolidation loans.

Britney Spears Shaves her head?

Sometimes i just can't help it but verge a little bit towards entertainment news. What is going on with this girl? One can only guess. She runs around at all times of the night, shows her crotch at least 3 or 4 times, is supposedly pregnant AGAIN, looking into judaism and now she shaves off her head. Wow - too much time of the hands. I have too much time on my hands writing about this too....Anyways, I just couldn't pass it up. Has nothing to do with financial news or advice but the world does go outside of money and things just need to be said sometimes.

On the financial news front apparently our urge for junk food - snacks, chips, soda and other fatty things is making executives at pepsi even richer than they already are. Pepsico reported a 63% jump in earnings. I would love to see my stock, paycheck or home value go up that much.

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As usual for refinance loans, home equity loans, home equity line of credit loans and debt consolidation loans, visit http://www.kstreetloans.com. Bad credit refinance loans also offered.

New Interesting Findings About Entrepreneurs and Saving for retirement

According to a survey conducted by the small business center, close to 50% of all entrepreneurs believe they will retire at 65 or not at all - some due to the fact that they love what they do and others because they can't afford to retire. Most entrepreneurs cannot afford to retire because they are not saving any money and putting money into their 401K plans.

It really surprises me because I thought most people go into business for themselves so that they can get away from the 9 - 5 rat race and live more comfortable lives. I consider retirement to be a time when you don't HAVE to work but WANT to do whatever it is that you like doing - even if this is the work that you do on a daily basis.

Whether you are an entrepreneur or not there is no reason not to contribute to your 401K, 403b, or whatever plan your company has. I know, i don't want to work at mcdonalds at age 70. I don't need to be rich but at least comfortable enough to live a decent life.

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For more information about retirement visit trusted leading sources like Motley fools.com, my personal favorite Tiaa-Cref, if you are with a non profit. As usual for mortgage refinance loans - visit http://www.kstreetloans.com - refinance loans, home equity loans, HELOC, debt consolidation loans and bad credit refinance loans.

Why Do Rich People Get The Best of Worlds

I was talking to a friend and he was telling me how easy it was for him to get a new home purchase loan since his credit score is above 700. It got me thinking.... This is a generalization but I'm willing to bet that most people with good credit scores make pretty good money. This is not to say that if you don't make alot of money you have bad credit. It makes sense that if you make good money you can afford not to have too much debt and you can pay your bills on time.

If you are making $80000 and you have a few thousand dollars on your CC, you can clear it in a couple of months whereas a person making $400000 will take forever to pay it off. So this takes me to my topic for today - rich people seem to get handed stuff alot easier than poor people.

I remember about 10 years ago when Donald Trump was in trouble with is casinos and hotels, there were creditors standing in line of give him bail-out money. Nobody stands in line to pay my credit card bills :-).

This very friend you got the mortgage loan told me that good credit is a sign trustworthiness and lenders love you. You can go to Lendingtree.com, Ditech, KStreetLoans.com, eLoan, etc and the will all be more than happy - infact drolling over themselves to help you get a mortgage loan or refinance.

In short, if you are well-to-do, things come a little easier. Look at celebrities and all the freebies that they get. $5000 purses, free vacations, cars - hello where are these gifts for people who really need them.

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Visit out sponsor http://www.kstreetloans.com for refinance loans, home equity loan, home equity line of credit (HELOC), debt consolidation loans and bad credit refinance loans.

Debt Consolidtion Loans

Argh ...Debt consolidation - I can never spell this word right. :-). Excuse any misspellings as we go along. I promise the content is better than the spelling.

Debt Consolidation is one of those terms that people throw around. I have to admit up until a few months ago, when the system was explained to me, i didn't really understand it either. So here's my 2 cents of how debt consolidatoin can help you.

Basically consolidation allows you to group together all your bills and replace them with one bill. If you have let's say student loans, car loans, Visa, Sears, Home Depot, Macys, Gas cards, etc and you are carrying a large amount of debt on all of these cards, you can replace them with one loan especially if your are late on payments or it is hurting your credit score. Most debt consolidtaion loans require you to own a home and to refinance your home. It is important to your FICO score that you don't pay your bills late. This is 35% of your credit score according to Sharon Listner of http://www.kstreetloans.com. The next most important thing is not to carry too much debt. So in essense debt consolidatoin knocks 2 birds out with one stone.

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For more information on regular debt consolidatoin loans and bad credit debt consolidatoin loans, visit http://www.kstreetloans.com - specializing in refinance loans, home equity loans, home equity line of credit (HELOC) and debt consoldation loans.

Foreclosures and those who profit

There are those who suffer from foreclosures and those who prosper from it. In recent news it seeems that there are alot of people profiting from the New Orleans tragedy and getting houses for cheap, fixing them and flipping them. Of course we live in a capitalist society so you can really say these people are horrible people. Some might even say its better for someone to buy the house, fix it up than to have the house just sit there in ruins. It doesn't do the neighborhood any good.


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Visit out sponsor. If you need to fund home improvement projects - get a home improvement refinance loan at http://www.kstreetloans.com your resource for refinance loans, home equity loans, home equity line of credit and debt cosolidation loans.

Refinancing to avoid foreclosure

According to MSN foreclosure rates in 2006 were 43% above the rates in 2005. Eventhough some markets have stayed average and others still see appreciations, there are alsoalot of people who are in trouble with their mortgage payments.

In doing my research, there are basically 2 things that you can do stop foreclosure.
Number 1: You can talk to your lender and see if they will give you extra time to make your payment. Use any and whatever excuse you have.Don't be shy - tell them that you are putting your house on the market and hope to sell in 1 month, tell them you can give them 70% of the paymentand pay the 30% later, tell them you plan to pay your payment in 5 days - whatever - just say something that makes them know that you are not just going to ignore the situation like the people who just don't pick up the phone.

Your lender may be willing to understand your situation or not. But at least you tried. If they say "no dice" then get on the internet today and refinance your mortgage loan to pay off your lender - asap.Don't dilly-dally - you have no time to wait. That takes me to choice #2.

Number 2: Refinancing to avoid foreclosure. The idea behind this is to stop the madness and start over. Whatever you do - you don't want the foreclosure on your credit report - trust me. It's terrible.Get a refinance loan BEFORE you credit score tanks and you can't find anyone to give you a loan. Once your credit score tanks below 600 - finding a loan is difficult.

Special thanks to Sharon at KStreetLoans.com for providing extra information.

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Foreclosure refinance loans are offered by www.Kstreetloans.com. Avoid foreclosure by refinancing your mortgage loan today. Visit www.kstreetloans.com for refinance loans, home equity loans, HELOC and debt consolidation loans.

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Top 100 foreclosure cities

Q2 1 Detroit-Livonia-Dearborn, Mich. 10,316 80 4.535 41.9 2 Fort Lauderdale, Fla. 8,431 88 4.132 86.53 3 Denver-Aurora, Colo. 9,825 90 4.043 30.41 4 Miami 9,380 91 3.997 97.18 5 Dallas 13,422 99 3.658 9.94 6 Indianapolis 6,383 100 3.623 -2.5 7 Fort Worth-Arlington, Texas 6,854 101 3.6 13.8 8 Atlanta-Sandy Springs-Marietta, Ga. 13,562 107 3.397 4.51 9 Las Vegas-Paradise, Nev. 5,215 115 3.158 58.85 10 Memphis, Tenn. 3,929 144 2.528 2.08 11 San Antonio 3,788 145 2.508 14.86 12 Riverside-San Bernardino, Calif. 8,183 145 2.506 59.86 13 Palm Beach, Fla. 3,643 153 2.378 37.89 14 Cleveland-Lorain-Elyria-Mentor, Ohio 5,781 158 2.304 23.42 15 Columbus, Ohio 4,128 165 2.204 33.72 16 Dayton, Ohio 2,205 165 2.198 56.49 17 Houston 10,184 177 2.055 -15.44 18 Lake-Kenosha, Ill. 1,264 179 2.032 1.53 19 Chicago 16,155 180 2.019 3.78 20 Stockton, Calif. 1050 180 2.018 -14.5 21 Akron, Ohio 1,584 184 1.977 18.12 22 Jacksonville, Fla. 2,516 189 1.924 3.37 23 Camden, N.J. 1,359 191 1.903 131.91 24 Salt Lake City 1,672 205 1.774 -1.7 25 Tampa-St. Petersburg-Clearwater, Fla. 5,542 206 1.76 51.67 26 Austin-Round Rock, Texas 2,378 209 1.741 -32.13 27 Little Rock-North Little Rock, Ark. 1177 223 1.634 12.1 28 Oklahoma City 2,120 223 1.631 12.95 29 Warren-Farmington Hills-Troy, Mich. 4,211 231 1.575 36.5 30 Orlando, Fla. 2,882 231 1.573 -1.4 31 Tulsa, Okla. 1,516 242 1.504 -2.19 32 Phoenix-Mesa, Ariz. 5,492 242 1.498 35.47 33 Charlotte-Gastonia, N.C. 2,190 250 1.456 25.43 34 Oakland 3,532 253 1.434 35.95 35 San Diego 4,069 256 1.421 56.74 36 Sacramento, Calif. 2,509 260 1.395 -16.98 37 Louisville, Ky. 1,837 268 1.356 72.33 38 Fresno, Calif. 973 278 1.305 32.2 39 Gary, Ind. 890 296 1.225 37.13 40 Bakersfield, Calif. 768 302 1.205 98.96 41 Tucson, Ariz. 1,143 321 1.132 15.92 42 Tacoma, Wash. 843 329 1.105 7.25 43 Suffolk-Nassau, N.Y. 2,973 330 1.101 -21.6 44 Newark, N.J. 2,456 330 1.1 46.98 45 Cincinnati 2,494 334 1.087 29.96 46 Toledo, Ohio 854 334 1.086 -10.2 47 Worchester, Mass. 823 362 1.003 90.07 48 Pittsburgh 2,944 366 0.991 18.9 49 El Paso, Texas 608 369 0.984 -9.25 50 Omaha, Neb.; Council Bluffs, Iowa 824 375 0.969 464.38 51 Raleigh-Cary, N.C. 862 382 0.95 5.77 52 Philadelphia 4,089 383 0.949 4.42 53 Sarasota-Bradenton-Venice, Fla. 814 394 0.923 25.42 54 St. Louis 2,838 403 0.901 16.6 55 Los Angeles-Long Beach, Calif. 7,860 416 0.873 46.12 56 Springfield, Mass. 654 423 0.859 70.76 57 Edison, N.J. 2,058 425 0.854 29.84 58 Kansas City, Mo. 1,802 436 0.832 23.51 59 Buffalo-Cheektowaga-Tonawanda, N.Y. 1,154 443 0.819 128.97 60 Orange, Calif. 2,058 471 0.771 39.53 61 New Haven-Milford, Conn. 720 473 0.768 -15.59 62 Birmingham-Hoover, Ala. 878 481 0.756 71.48 63 Scranton-Wilkes-Barre-Hazleton, Pa. 525 481 0.755 1,593.55 64 Nashville-Davidson, Tenn. 1,115 496 0.732 -2.28 65 Bridgeport-Stamford-Norwalk, Conn. 677 501 0.724 -10.09 66 Albuquerque, N.M. 602 508 0.715 -61.99 67 Seattle-Bellevue-Everett, Wash. 1,805 542 0.67 -7.34 68 Hartford, Conn. 845 558 0.65 -21.18 69 San Jose-Sunnyvale-Santa Clara, Calif. 1,014 588 0.618 20 70 Ventura, Calif. 415 607 0.599 27.69 71 Essex, Mass. 471 610 0.596 117.05 72 Greenville, S.C. 370 646 0.563 27.15 73 Milwaukee-Waukesha, Wis. 943 656 0.554 24.41 74 New York-White Plains, N.Y. 6,467 659 0.551 -12.68 75 Knoxville, Tenn. 415 665 0.546 -3.04 76 Wichita, Kan. 352 678 0.537 -12 77 Rochester, N.Y. 622 687 0.529 72.78 78 Boston-Quincy, Mass. 1,048 696 0.522 74.38 79 Portland-Beaverton, Ore. 1,037 763 0.476 -72.46 80 Minneapolis-St. Paul, Minn. 1,511 774 0.469 18.32 81 Providence-New Bedford, R.I. 551 798 0.455 68.5 82 Cambridge-Newton-Framingham, Mass. 664 868 0.418 79.46 83 Poughkeepsie-Newburgh-Middletown, N.Y. 257 890 0.408 -9.19 84 Baton Rouge, La. 298 920 0.395 277.22 85 Greensboro, N.C. 298 923 0.394 -22.4 86 San Francisco 743 958 0.379 20.03 87 Washington, D.C.; Arlington, Va. 1,435 1,049 0.346 56.83 88 Syracuse, N.Y. 206 1,350 0.269 -26.16 89 Columbia, S.C. 197 1,367 0.266 -51.95 90 Wilmington, Del. 186 1,399 0.26 97.87 91 Charleston, S.C. 160 1,456 0.25 -23.81 92 Allentown-Bethlehem-Easton, Pa. 174 1,662 0.219 20.83 93 New Orleans 340 1,757 0.207 190.6 94 McAllen-Edinburg-Pharr, Texas 106 1,818 0.2 41.33 95 Baltimore-Towson, Md. 511 2,051 0.177 -0.97 96 Albany-Schenectady-Troy, N.Y. 163 2,232 0.163 -27.23 97 Norfolk, Va. 227 2,423 0.15 18.85 98 Honolulu 103 3,068 0.118 -28.97 99 Richmond, Va. 114 3,874 0.094 3.64 100 Bethesda-Frederick-Gaithersburg, Md. 74 5,505 0.066 4.23

Baby Boomers Becoming Self Employed

An article by Suze Orman states that more Americans are becoming entrepreneurs and self employed persons. The most interest part is that most of these self employed Americans are turning out to be baby boomers, who are forced out of the corporate world or decide they don't want to do the 9 - 5 anymore but want to be more independent. This is excellent, if you worked for a traditional company for a long time and retired and you can still do something on the side.

Suze advocates planning ahead and having the money for your business already. This means not tapping into your 401K, home equity or any other cash flow source. I personally think, her advice is a little too one-way sometimes. I understand not tapping into your 401K because of the money you would loose in taxes but there is no reason no to tape into some of your home equity. You don't have to get a 100% equitiy loan but you can get $20,000 to $50,000 to get you started, if its a dream that you've had for a long time. Anyway, most people are almost done with paying off their mortgage by the time they are 50 or 60.


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For more information about home equity loans, visit www.kStreetLoans.com - The internet's best resource for Refinance loans. Cash Out Refinance Loans, Home Equity Loans, HELOC and Debt Consolidation Loans. Bad credit refinance loans also offered.

Cash Out Refinance Mortgages Let Homeowners Take Cash and Run

Take your cash and run - that's what some homeowners are doing. In cities such as Washington D.C., Los Angeles, Boston, New York - property values have skyrocked with some homeowners have 100% equity in their homes. The median home price is ridiculous. Some homeowners are refinancing their homes as cash out refinance loans and taking the money to live somewhere else where property values are lower. For example, if you have $300,000 equity in your home - you can buy a house out-right somewhere in the south or even in the midwest. Not having a mortgage would be very nice.


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When Do You Want to Retire - 45, 50, 55, 60, 65 ....

I think everyone who is in the rat race has had the retirement fantasy. It's not that you want to sit on the sofa and watch "The price is right" all day but you want to be at a stage in your life where you don't deal with the daily commute, the strict 9-5 schedule that makes you nervous even when you have to go to a doctor's appointment.

With people living to be so much older nowadays - even retiring a 60 years old gives you plenty of time to travel, fish or do whatever it is that makes you enjoy life. I would be interested in knowing what age people would like to retire?

For me personally, between 5o - 55 would be great. By then our house should almost be paid off and we can refinance to take cash out and travel the world!

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Visit Our Sponsor: www.kStreetLoans.com - The internet's best resource for bad credit refinance loans. Cash Out Refinance Loans, Home Equity Loans, HELOC and Debt Consolidation Loans.

Bizzare Happenings This Week

This has nothing to do with financial news but this week has been quite bizzare. First we get wind of an astronaut trying to kill her romantic competition and then Anna Nicole Smith dies yesterday all of a sudden. The interesting thing about her death is that I remember seeing a segment on entertainment tonite where her mother made some comment to the effect of - I think Anna is going to end up the same way as her son - dead. Truly bizzare. The saddest part is her daughter. I hope her grandmother takes her in and take good care of here.

Financial news to follow...


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Top 5 Most Demanded Jobs

According to CNN, here are the top most 5 demanded jobs and that pay extremely well. I wish I could do any of them. $250,000 per year would be a nice chunk of change!

1. Medical science liaisons - These people provide information to Pharmaceutical company clients such as doctors, insurers, etc.
2. Internet sales and marketing - Account directors . These people responsible for getting as much advertising dollars into online websites as possible and they are very well compensated for it.
3. General managers at premier resorts and hotels - They earn up to $250,000 per year.
4. Designer of athletic and active wear.
5. Construction project estimators and project managers.

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Its that Time Of the Year AGAIN - Tax Season

It's tax season again. I swear it comes around faster every year. My taxes are not done yet but I will get to it eventually. According to experts here are some of the tax credits that you should definetly take advantage of - why let the FEDS keep your money?

Alot of them have to do with people who have kids so if you are a single mom or dad - don't forget to take advantage. Google each of them and get tons of information on qualification requirements.

• Child and Dependent Care Credit
• Child Tax Credit for Children Under Age 17
• The Adoption Credit
• Credit for Federal Telephone Excise Tax
• Residential Energy Tax Credits
• Tax Credit for Hybrid Vehicles

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California Subprime Refinance Loans

California is without a doubt one of the most beautiful states to live in. It is also one of the best states to live in, when it comes to owning a home because home values appreciate rapidly.
If you are a California homeowner, your home has in all likelihood appreciated 5% or more. You may be thinking about taking advantage of the equity in your home to finance a home improvement project, new entrepreneurial business idea, your children's education, credit card debt consolidation, auto loan, etc.

If you have a low credit score or “poor credit”, you may be hesitant to apply for a refinance loan.
The fact is millions of Americans with bad credit, refinance their home mortgage loans every year, using subprime mortgage refinance loans. A subprime refinance loan allows you to get a home equity loan or home equity line of credit (HELOC), even if, you have poor credit.
Subprime refinance loans tend to carry higher interest rates than "prime" mortgage loans, which are offered to people with good credit scores. Since one's credit score can improve over time with good financial management skills - most homeowners refinance their existing mortgage loans, work on improving their credit score and then refinance again for a lower interest rate, at a future date.

Finding a California subprime mortgage refinance loan lender requires research. Take advantage of the internet and recommended resources. Get loan quotes, whenever possible. This should be offered at no cost and no obligation - you should never have to pay for it.
Once you find a loan, focus on rebuilding your credit to take advantage of low interest rates in the future.

Research recommended California poor credit refinance loan lenders at the loan resource guide: http://www.kstreetloans.com.

Subprime Refinance Loan Lenders - Home Equity Loans, HELOC, Debt Consolidation Loans, etc

You always hear the words "subprime" loans but what does this really mean? Here is an article that explains what a subprime mortgage loan lender does.

A prime mortgage lender is a lender, who primarily caters to consumers with good credit scores of 650 or above, whether they need a home purchase loan, home equity loan or HELOC loan. Some prime lenders also provide subprime loan products.

A subprime mortgage lender specializes in loan products for people with bad credit due to large debt loads, a history of Chapter 7 or Chapter 13 bankruptcy or poor debt management skills. A reputable subprime lender takes all factors of a person's situation into consideration, when reviewing a loan application. They will not turn you down for a refinane loan, simply baecause of your low FICO (Fair Isaac Corporation) score.

What is a FICO Score?
Your FICO score ranges from 300 to 850, with 300 being the lowest credit score you can have. One assumption is that the more debt you have (e.g. numerous credit cards), the more likely you are to pay your bills late. Late bill payment is the number one reason for a majority of low credit scores. This factor accounts for 35% of your credit score.

Finding a Subprime Mortgage Refinance Loan
Not all subprime mortgage lenders are created equal. Some lenders offer loans at high interest rates and add additional fees, penalties, etc. The best way to find a reputable subprime lender is to do your research.

Begin by finding a list of 3 or 4 subprime lenders, who offer less-than-perfect credit refinance loans - Cash out refinance loans, home equity loans, HELOC loans, etc. Select a lender that you feel comfortable with and has a good reputation. Apply for a loan, ensuring that you complete the application thoroughly and truthfully.

Research recommended subprime refinance loan lenders using the loan resource guide at http://www.kstreetloans.com. Sharon Listner writes about finance and conducts in-depth analysis on various consumer loan products.

Having a Personal Budget And Following It - Do you?

According to pollsters most Americans believe that it's important to have a personal budget and stick to this budget. Now how many people actually practice this remains to be seen. Afterall, the average household is estimated to have $8000 in credit card debt so too many people can't be sticking by their budgets.

In general Americans tend to be positive thinkers when it comes to spending money - we then to think things will get better and we will make more money in the future so what's the big deal about spending a little bit of money to enjoy a vacation or a nice car.




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Congratulations to the Colts - Superbowl Champions of 2007

Was that Miami?

It was rainy, soggy and nasty but it was a great game. Congratulations to the Colts. The half-time show was a classic with Prince as usual.

Would You Pay $2,600,000 for 30 Seconds?

CBS is asking ad sponsors to $2.6M for 30 second advertising spots. Is it really worth it? What is your opinion?

Nationwide Mutual Insurance company hired Kevin Federline - you know the guy that was married to Britney Spears to star in an Ad, as a fast food worker fantasizing about making a music video while cooking fries at a fast food restaurant. According to the vice president for Nationwide, the buzz generated about the "soon-to-come" ad is enough to be worth the money that they are paying for the ad.

To add to it fast food companies are decrying the ad to be demeaning to fast food workers - ladies and gentlemen - let's add on to the publicity.

Really - do you think these ads are worth it? Have you seen an ad that make you buy something from the company eventually sometime during the year?

The power of advertising.

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Starting the new year fresh

As a person, whose had to put my finances in order, I wanted to start the new year by congratulating every, whose goal this year is to start over fresh - financial wise. If 2006 was a bad year for you due to bankruptcy, hardships, job loss or any of situation that took it's toll on you financially - I wish you well in starting the new year with a positive financial outlook.

Write to me so that we can follow your progress.

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