How does an unsecured loan work?

unsecured loan approval

The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid. However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan makes it popular for small [...]

How to Save Money in the New World

new world saving

What a difference nine months make. In the not-long-ago credit-card binge days, one of the “in” things was to own a TV the size of a bus. Today, it’s to have six months of living expenses saved in case you get laid off. Until recently, buying was the social norm; ”having stuff, having name brand [...]

It’s Still Possible to Get a Home Loan

home loan

The days of doling out home loans to just anyone are over. With the nation facing a deepening financial crisis, mortgage banks have tightened their credit standards. Here’s how to get that new home loan: At Fresno-based Murphy Bank, Vice President Richard Laxton says the bank is looking for people with a credit score of 700 [...]

Teaming up with Your Lender for a Loan Modification

Suppose you’re behind on your house payments. You dial the phone number on your most recent mortgage statement, clear the usual hurdles, and finally reach someone who understands your situation and offers to help. You are one of the lucky homeowners who has a cooperative lender. Now what? What can you do to team up [...]

Phishing Lures Hit Home Mortgages

mortgage phishing lures hit home

I received an e-mail on one of my unadvertised accounts from my mortgage lender, announcing that it had been trying to get in touch with me and asking me to respond with all sorts of personal information. I was, of course, suspicious, since my lender has my address and phone number, and has been informed [...]