This is certainly more geared towards the guys, but once I saw the headline it made me want to read and share with everyone.
It’s a list of 5 things you can learn about credit from popular gangster movies.
Here is the link, enjoy! Credit Advice From Gangster Flicks
Not exactly credit advice or mortgage advice, but thought I’d share the funniest Master Card commercial.
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Mortgage rates will go up this year. (yes, a bold statement)
The government has been tapering off the purchase of mortgage backed securities and will finish at the end of the first quarter of 2010. We all know that since the government started to purchase mortgage backed securities back in early 2009,the mortgage rates first dropped, and stayed, in the low 5 percent’s/upper 4 percent’s.
How Credit Card Debt Affects Your Credit Scores (popular article)
Even today, we are still at historic low mortgage rates, but this party will come to an end. Probably faster than most of us are even anticipating. The only question that remains is, “How much will the mortgage rates rise?”, not “if” they are going to rise.
It’s extremely hard to say how investors will react to the sudden stop of the government’s actions, but the inevitable of mortgage rates rising will happen.
If you are considering a mortgage refinance into a lower rate, now is the best, and probably the only, time to lock in those historic low mortgage rates.
Read more about mortgage rates at: History of the mortgage rates.
The best mortgage advice I can give about a refinance, would be to ask yourself this question, “How long do I plan on having this mortgage?”
This is one of the most important questions, because the amount of costs you are paying for a refinance and the amount of interest you will save by lowering your rate can all be justifiyed by the amount of time you will have this mortgage.
If you are unsure on how long you will own the home, then figure out a minimum amount of years you plan on owning and base your number on the minimum. If you have a range of 7-10 years, then count on having the mortgage for 7 years and that’s it. It’s best to play it safe versus taking a gamble, because we all know life happens and you may not end up owning the home for the latter part of the range.
Once you have figured out how many years you plan on having the mortgage, then it’s time to figure out when the savings makes sense to refinance.
Here is a post that helps explain when a mortgage refinance makes sense:
Guest post by Eric at FxWork.net
There are numerable risks an investor should consider when trading in FOREX, especially when transactions are prone to immediate and sudden rate changes. So what are the factors involved in such risks and is it worth trading despite them?
Certain risks involved in Forex trading would be greatly affected by factors such as a company’s basic purposes, an organization’s mechanism and reason for achievement, a company’s management which would strongly define its success or downfall, and the presence of a company’s resources, and luck. It is understood that the Forex market stands independent from other comparable markets for the main reason that it is outside the boundaries of exchange. Due to the development of communication facilities, banks or operation houses are able to trade directly and do not need any special organization like stock exchange. Such a market has grown and developed at a quick pace worldwide, and is therefore, difficult, if not almost impossible to curtail.
Apart from the fact that there is hardly any regulation procedure in the Forex market for any single country, we can therefore surmise that such a market’s broker is not required to possess any license or certification. The market is not an adjusted one despite the various potential problems that it can hold for a trader. Such qualities such as trust and honesty are essential in the continuous running of operations, and yet there are a potential number of risks, there are always ways in order for one to curb the risk of unnecessary financial exposure.
The Forex investor must at least know the basics of technical analysis. He or she should be able to understand and interpret financial charts and its movements. It is certainly one way of being less risky when it comes to one’s investment as even those traders who are experienced are still unable to absolutely predict the market’s behavior. Certain tools such as “stop-loss orders”, which contain guides on how one can exit his position if the price of a currency has reached a particular point, are one of the obvious and common techniques to minimize one’s investment risk.
Although certain risks are definitely present when trading in the Forex market, one should not be put off by them. Despite the risky factors involved, numerable companies from western countries like those of Europe and North America still participate in the Forex trade business, having it as their primary source of income. In fact, it is still known and indicated as one of the most fair and open trade investment opportunities one can find globally!