Economic News Update
The big news of late has been the potential government bailout of the Detroit Three: General Motors, Ford and Chrysler. Because of poor sales, our domestic auto makers are running out of cash and can’t keep up with costs. The concern is that if the government...Retailers Filing for Bankruptcy: Use Your Gift Cards!
Beware of giving and receiving gift cards this holiday season. If you have a gift card or store credit with a retailer that has filed for bankruptcy, you can be pretty assured that you won’t ever see that money. You could try standing in line behind creditors in...Loan Limits Change
2009 Conforming loan limits remain the same: 1-Unit: $417,000 2-Unit: $533,850 3-Unit: $645,300 4-Unit: $801,950 2009 Conforming-Jumbo loan limits for 1-Unit homes are effective January 1, 2009. Counties with the highest limit of $625,500: Alameda, Contra Costa, Los...*THIS* is Why a Good Credit Score is so Important:
From one day to the next, hits and improvements on credit score brackets got much stricter. Hits for lower credit scores (anything below 740) are bracketed by increments of 20 points starting with a 620 FICO. Based on today’s interest rates (which are really good...Loan Calculator
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