What’s the Scoop on Google’s New Mortgage Shopping Tool?

Google is by far one of the best run companies in America. They have a distinct management style that makes them highly profitable, and their products stand far above the competition. Seldom does a Google venture fail because they thoroughly research new ideas before making a move. It was a pleasant surprise when the company announced its launch of a new mortgage product, Google Compare.… [Read more]

The State of the Mortgage

Looking to buy a home? Believe it or not, it might be easier than it’s been during the last two decades to secure a mortgage from financial institutions.

According to a survey of senior loan officers commissioned by the Federal Reserve, at negative 18.3 percent, the net percentage for prime mortgages was the lowest it’s been since the central bank started tracking it in 2007.… [Read more]

Do As I Say, Not As I Do

Last week I applied for a house loan.  I used my credit score only, and therefore only my income, because my husband’s credit is not the best.  In the end I was denied a loan because my debt to income ratio was too high at 54%.

Meanwhile, “The 2011 United States public debt-to-GDP ratio was about 69.4%”.   … [Read more]

Retirement and Recession, Where Do You Stand?

Millions of people spend years planning for retirement. Many invested their income into stocks expecting investment returns of at least 8% and others expected their homes to have appreciated in value by 10% each year. Their expectations have been shaken to the core during this recession and long periods of economic uncertainty.

Because a large portion of people nearing retirement are not going to have as much to retire on as they initially thought, many are facing some serious questions that must be answered: How much more will I have to save?… [Read more]