Category Archives: Loans
Ways Chicago Homeowners Can Cut Their Mortgage Payment Without A Refinance
Looking to lower your mortgage payment? You might have more choices than you think, say Chicago bankruptcy attorneys. Traditionally most homeowners have lowered their house payments by refinancing, which can result in a new, lower interest rate and therefore a lower payment. Problem is, the refinancing process takes time and costs money – if you… Read More »
Fed’s $600 Billion Plan to Lower Rates Could Help and Hurt Atlanta Consumers
By now, we all know that the Fed is buying $600 billion in Treasury bonds in hopes of boosting the economy. What we don’t know is if it will work, say Atlanta bankruptcy attorneys. In short, the idea behind the stimulus is to pump money into banks, reducing rates and thereby increasing borrowing. But while… Read More »
Low Interest Rates Might Help Chicago Homebuyers, But Could Hurt Others
By now you’ve probably already heard that the Fed plans to plunge $600 billion into U.S. banks. But what does that mean for the average American? That depends on where you’re at financially, say Chicago bankruptcy attorneys. By printing more money, the Fed hopes to lower already-low interest rates. And as we all know, low… Read More »
Foreclosure Process Comes Under Fire in All 50 States
It seems nothing has been able to slow the tidal wave of recession-related foreclosures – that is, until now. State officials across the U.S. are joining forces to investigate illegal activities that could have led to thousands of unfair foreclosures over the past few years, according to the AP Press. Allegedly, lenders have been allowing… Read More »
State Officials Across the U.S. Investigate Legality of Foreclosures
It’s still a shot in the dark, but there’s a possibility that some foreclosed homes could be returned to their owners, according to Chicago bankruptcy attorneys. Officials in every state across the U.S. – including Washington D.C. – are investigating improperly handled documents and illegal activities that may have allowed lenders to foreclose on thousands… Read More »