The Recovery and Reinvestment Act of 2009 included some terrific financing opportunities for small businesses. The SBA ARC Loan Program offers 0% loans to small businesses for up to five years. The program caught my eye, because it looks like a fantastic arbitrage opportunity! ARC Loan Program The loan program offers loans to small businesses [...]
People have more questions than answers about the new Making Home Affordable program. A reader, Laura, recently sent me an email looking for help since all she could find was general information. Unfortunately, I’ve found that many of the details aren’t on the general MakingHomesAffordable.gov site. Instead they are buried in supplemental directives written for [...]
Earlier this week, the Making Home Affordable program was enhanced to include a second lien program. The government has determined that even if you receive a loan modification on your first first mortgage, having an unaffordable second mortgage could still put your at risk of going into foreclosure. Second Loan Modifications Here’s how the second [...]
Ever since the Making Home Affordable Program was rolled out I’ve been very intrigued with the plan. Do we need a loan modification? No. Would it be nice? Sure. In a weird twist of events, it looks like we qualify (on paper) for the loan modification program. Home Affordable Modifications To find out of you [...]
I’m always on the lookout for free credit scores! Since it’s Free Money Friday, I thought it was the perfect time to highlight another one. Lazy recently told me about Credit Karma, which offers you free access to your credit score daily. How to Get Your Free Credit Score Enroll at Credit Karma. Verify your [...]
