The Business Finance Store discusses some things business owners and entrepreneurs should consider before borrowing against their home with a home equity loan or home equity line of credit .Santa Ana, CA (PRWEB) May 15, 2012 For most homeowners, a house is the largest investment that they’ll ever make. With this in mind, it can be a large source of financing for various ventures, including a .. more …
Republican congressional candidate James Jett has used $60,000 from a “home equity line of credit,” and a $15,323 “personal loan” to bankroll his campaign’s early stages, according to recently filed campaignfinance reports.Jett saidthathehas had touse personal moneydue, in part,tothe fallout from claims he made that U.S. Rep. Cliff Stearns tried to bribe him out of the race. “Some of the .. more …
The “B” stands for burger, or perhaps beerger. Ah, another of life’s vexing questions answered.We took an over-stimulated fan’s advice and tested Michael Symon’s vaunted “B” Spot place at Eton (recalculate navigator to 28699 Chagrin Blvd., Woodmere).It’s a circus, if you like burgers and beer. Otherwise, grab a free tapenade taster at Trader Joe’s next door.There’s a blinding élan about .. more …
When it releases its financial information, Bank of America is expected to say about $2 billion of junior home equity loans are bad assets, even as some borrowers are paying on time, says Bloomberg.That’s what Barclays Capital Inc. estimates the bank will report in its first-quarter results, following decisions by JPMorgan Chase Co., Wells Fargoand Citigroup Inc. to reclassify $4.1 billion of .. more …
A group that defrauded Wachovia, Bank of America and Washington Mutual of more than $3.7 million with fraudulent home equity loan applications were sentenced in federal court Friday.The group of six, including four from metro Atlanta, received one to nearly six years in prison, according to U.S. Attorney Sally Quillian Yates.The scheme’s ringleaders recruited “straw borrowers” to apply for .. more …
A critical part of any personal financial strategy is first understanding the debt you are carrying or anticipate incurring and then making sure you know exactly how you’re going to pay off that debt. With the holidays and tax season behind us, you may be looking at additional credit card bills, perhaps a tuition bill or an unexpected home repair expense. We all know big ticket costs come up in .. more …
What Is Bad Credit? Many people know that they have “bad credit,” but few truly understand what that means. The Fair Isaac Corp. developed an algorithm for calculating a person’s creditworthiness. This equation takes many factors into consideration including total assets, credit history, past payments and late payments and the total debt you currently have. The number that is generated, known as a .. more …
Having Bad Credit Is All Too Common And let’s face it, bad credit is something most of us can’t avoid and it blatantly shows as poor credit is quite prevalent. This is so simply because not all of us can be fully conscious or perfectly adept with managing our finances and corresponding financial responsibilities. But, literally, any type of financial slip -anything from failing to make payments, .. more …
Dear Dr. Don, I have a conventional 7/1 adjustable-rate mortgage at 5.125 percent with no private mortgage insurance, or PMI, that will adjust in 2015. I live in South Florida where housing prices have taken a big hit, and I’m not sure I have 80 percent loan-to-value, or LTV, in my home.A pencil-search appraisal from a Realtor friend shows my home value to be between $265,000 and $275,000. I owe .. more …
Written by Donald Eng Tuesday, 06 March 2012 15:16 Former paralegal Stacey Williams, 39, of Trumbull, has been sentenced to 41 months in prison for stealing more than $120,000 in loan funds. According to U.S. Attorney David Fein, Williams worked at a Stamford law firm, assigned to handle home equity loan applications.In 2007, she processed a loan through Countrywide Home Loans. But in December .. more …
