Category Archives: Loans
Lowering Debt Can Help Atlanta House Shoppers More Than Homebuyer Tax Credit
You wouldn’t run the Atlanta Marathon without training first, right? Then why would you buy a house – probably the biggest purchase you’ll make in your entire life – without getting your finances in shape? Yet that’s what thousands of Americans could be doing as they rush to sign the paperwork on their first home… Read More »
Co-signing a Loan Can Bankrupt Friendships and Leave You in Debt
A friend in need is a friend indeed, according to the old adage. But sometimes the best way to help your friends is by not helping them at all – at least when it comes to co-signing a loan. Sure, it can be tempting to help a friend borrow money they need. But what’s good… Read More »
Co-signing a Loan Can Mean Debt Trouble for Chicago Residents
If you know what it feels like to be struggling with debt, chances are you don’t want your loved ones to go through the same thing. So when someone close to you asks you to co-sign a loan, it makes sense to want to do your part. But though it might seem to make sense… Read More »
Bankruptcy Might Offer a Better Way for Chicago Homeowners to Stop Foreclosure
The good news: almost a quarter of a million homes have received lower mortgage payments since the inception of Obama’s foreclosure relief program last year. The bad news: not all of the modifications will last. A rising number of homeowners are defaulting despite receiving cheaper mortgages. Defaults almost doubled last month alone, according to the… Read More »
Bankruptcy Might Yield Better Savings Than Paying Down the Mortgage for Chicago Residents
A mortgage payment is the biggest bill most Chicago residents pay each month. So with mortgage rates at the lowest they may ever get – around 5 percent – now might seem like a good time to bullet and pay off your home loan early, if you can afford it. But for most of us,… Read More »