This morning, Credability.org (the former CCCS of Greater Atlanta), one of the nation's leading credit counseling agencies, released its CredAbilityConsumer Distress Index for the third quarter of 2010. Overall, the country received a 64.4 Consumer Distress Index Score. A score under 70 indicate severe consumer financial distress. according to the Index, the U.S. has been in economic distress for the past 9 quarters.
In September I started a new lease on an apartment in the city. I had rented other apartments during college so I was familiar with the process, but this was my first place as an "adult". I ended up with a great place, but getting there was a long, stressful road. Every Tuesday, I'll be sharing my experience and a little advice on the trials and tribulations of finding an apartment.
In July I moved into my first house, and have been living without a Northwestern meal plan or Mom's cooking for a few months. Although I am not yet fine-tuned in the world of personal finance, but I find myself getting better at saving money on food. My tricks come from everywhere: the internet, roommates, and occasionally I have a gem or two of my own. While not everything I find is helpful, I want to pass along the tips that have helped me cut my food bill down significantly. (Spoiler alert: You are still allowed to dine out)
Ilyce Glink Radio Show Notes November 14, 2010. Two great guests on the show today. Mark Miller is a journalist, author and syndicated columnist who specializes in retirement and aging issues. His website is RetirementRevised.com. Sean O'Toole is the founder of ForeclosureRadar.com and the blog ForeclosureTruth.com. He has personally bought over 150 foreclosures and shares his insights on what is happening with foreclosures in the area. Visit Ilyce's blog for more show notes and information.
. Two great guests on the show today. Mark Miller is a journalist, author and syndicated columnist who specializes in retirement and aging issues. His website is RetirementRevised.com. Sean O'Toole is the founder of ForeclosureRadar.com and the blog ForeclosureTruth.com. He has personally bought over 150 foreclosures and shares his insights on what is happening with foreclosures in the area. FREE BOOKS and Ebooks at ThinkGlink.com. What's happening on Equifax Personal Finance Blog and MoneyWatch.com.
Refinancing a mortgage for a home listed for sale not likely. Lenders are not likely to approve refinancing a mortgage for a home listed for sale. Sellers not likely to refinance a mortgage if the home is listed for sale. Refinancing a mortgage for a home listed for sale is not likely to be approved by mortgage lenders. Check the value you of your home and readjust the asking price if it is not selling rather than trying to refinance a mortgage for a home listed for sale.
The hidden costs of refinancing can raise the costs of refinancing your mortgage. Everyone will pay different amount to refinance their mortgage because of the hidden costs of refinancing. Some of the hidden costs of refinancing your mortgage can include your closing costs, title insurance, lender insurance and prepaid costs. The hidden costs of refinancing your mortgage can include your interest rate. When refinancing your mortgage, the interest rate can be affected by your credit history and credit costs. Avoid the hidden costs of refinancing by understanding exactly what you're paying for when refinancing a mortgage.
Loan modification can affect credit scores. Refinancing a mortgage appears on credit history. Loan modification can make home ownership affordable, but can affect credit scores. Homeowners having trouble paying their mortgages can apply for loan modifications, but it will affect their credit scores. Homeowners applying for loan modification programs have damaged credit histories and low credit scores. Homeowners enter a trial loan modification period in the loan modification process and that trial period can affect their credit scores.
New investment income tax won't hit most homeowners. The Obama health care bill contains a new investment income tax but it won't hit most homeowners. Homeowner's with investment income over $250,000 will be hit with a new investment income tax. Investment income includes investment profit from a home sale, but the investment income tax won't hit most homeowners. Homeowners hit by the new investment income tax must have investment income over $250,000, so the investment income tax won't hit most homeowners.
HUD announces a pilot program aimed to help homeowners pay for green energy improvements to their homes. The HUD and FHA PowerSaver pilot program offers homeowners the chance to install green technology in their homes. New FHA PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice, including the installation of insulation, duct sealing, doors and windows, solar panels, and geothermal systems.
