According to RealtyTrac, the average foreclosure is being sold for $166,830, and there are currently 1,757,899 foreclosed homes around the US flooding the market. Facing so many foreclosures, major lenders such as JPMorgan Chase, Ally Financial’s GMAC Mortgage unit and Bank of America turned to sub-par practices in order to process the sheer volume of [...]
A reader Terri, who is enjoying reading about the process of buying our new vacation home had a few questions surrounding the decision to pay cash: I’d like to know why you chose to make an all cash purchase as opposed to financing. I suspect the decision was easier since you plan to hold on [...]
Today we’re wrapping up our Student Loan series with a look at exactly how much of a difference a few extra payments can make! For many people, large amounts of student loan debt are the only thing standing in the way of being debt-free. Even if you choose the standard repayment option on a small-dollar [...]
Student Loan Consolidation is the third post in our Student Loan series. Make sure to check out previous articles on student loan basics and repayment options! After graduation, you might want to consolidate your loans. Consolidation refers to the act of taking out one loan equal to the sum of all your loans (since you [...]
This is the second in a series on student loans. Be sure to check out our previous post on the basics of student loans! After graduation, you typically have a 6 month grace period before loan payments are due. Interest does accrue during this period, so if you are a position to make payments earlier [...]
