How a Bank Handles Loan Accounts

Posted by financer | June 15, 2010 .

“Early bankers, who kept money belonging to others for safekeeping, would lend the money and charge interest for its use depending on the time used, just as we do today.”

View Comments

Bank of America’s Mortgage Reduction Program

Posted by financer | March 27, 2010 .

Bank of America announced that it will forgive some troubled mortgages debt in order to provide assistance in stabilizing the economy and housing market, reports Solomon Finance. With further dropping housing sales and house values, increasing alternative lending such as payday loans due to less traditional credit availability, and pressure from both homeowners and investors, [...]

View Comments

Mortgage Forbearance

Posted by elaine | November 30, 2009 .

For a young couple or even someone on their own when you buy a house it really is quite possibly the largest investment you will ever make. Many avoid doing it until they are completely financially stable but really there is many ways out of falling into debt on payments and one of them has [...]

View Comments

How to Structure the Best Mortgage Terms

Posted by financer | August 23, 2009 .

Seller Financing/ Owner Financing can provide benefits for both the seller and buyer of real estate, but the seller should be careful to structure the terms of the note to maintain the value of the note. For the seller, the best reason for offering seller financing is it allows a much larger pool of eligible [...]

View Comments