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News
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Don't trade equity line for
credit
card
debt (Bankrate.com)
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Dear Debt Adviser, I have a home equity line with a variable rate that
is about 8 percent now. The balance is down to about $33,000. I have
several
credit
cards with high limits, which are advertising low
fixed rates until debt is paid. Should I move the debt into a couple of
those? |
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Trade
home
equity
line for credit card debt? (Bankrate.com via Yahoo!
Finance)
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It looks good on paper, but those zero-percent
credit
card
deals tend to be fleeting, warns the Debt Adviser. |
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Consumer
Loan And Savings Rates (San Jose Mercury News)
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A sampling of financial institutions was asked to quote the most recent
lowest annual percentage rates they would charge a new loan customer
with an annual income from $30,000 to $35,000 and good credit standing.
Qualifications for borrowing and
finance
charges vary among institutions. Rates may differ from
branch to branch. Some institutions provide lower rates to existing
customers. |
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Travelport's Clarke Grasps Opportunity (Business
Travel News)
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JULY 17, 2006 -- Cendant Corp. last month announced the sale of
Travelport, whose divisions include Orbitz and the Galileo global
distribution system, to private
equity firm The Blackstone Group for approximately
$4.3 billion. |
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Bank rates (Detroit Free Press)
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Major Michigan financial institutions were surveyed last week to
determine the interest rates they charge for
loans, and APYs they pay for savings deposits. Rates
were quoted as of Friday. APYs on deposit accounts are based on the
minimum amount to open the account. CD yields are fixed-interest rate
offers only. New car loan rates apply to a $20,000 loan for 5 years.
Home equity line and loan |
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ECB Raises Rates, U.K. Holds (Forbes)
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Jean-Claude Trichet has raised the key interest rate for the "Eurozone." |
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What is a PiggyBack? (Bastrop Daily Enterprise)
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(ARA) - To understand what a "piggyback" loan is, you must first know
what a second mortgage is. A second mortgage is a loan with rights that
are subordinate to a first mortgage. |
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How to Finance a Fixer-Upper Home (Bastrop Daily
Enterprise)
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(ARA) - A home that needs a lot of repair is what's known as a
"fixer-upper" because it needs to be "fixed up." There are several
reasons you might buy a fixer-upper. |
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CMG Financial chief copes with housing woes (Contra
Costa Times)
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Christopher George is on the front lines of the housing market in the
Bay Area. The once-muscular realty sector has turned flabby lately. And
some home owners are getting unpleasant surprises from their
adjustable-rate mortgages as bigger payments kick in. The turbulence
presents challenges for CMG Financial Services Inc., San Ramon-based
mortgage and financial services firm that George founded |
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Timing a home equity loan closing (Bankrate.com)
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Dear Dr. Don, I was approved for a $75,000 fixed home equity loan at
6.94 percent for a 15-year term, with no closing costs or any upfront
fees. I can afford the monthly payment. |
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