From the category archives:
Back in 2006, getting a mortgage to buy a home was about as easy as buying a tub of butter. Except, well, you actually had to PAY for the tub of butter upfront, whereas you could get a loan for the house. Even for the self-employed, there were NINA (no-income no asset) no-doc loans, or [...]
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I hate stocks.
Well, I don’t really hate them. But they’ve caused me a ton of grief in the past, and thus, going forward with any “investing” I do, I am going to avoid stocks, mutual funds, forex, really anything that could be traded in the short term. Just not my cup of tea.
That leaves me [...]
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I remember the plastic bag I carried into Toys R Us very vividly. It was a concoction of $1 bills and coins, with a little dust thrown it for good measure.
My allowance at the time was .50 a week, and the squirt gun I wanted to purchase was $20.
It was the earliest “saving experience” I [...]
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If you’re a visual learner, you’re going to love Lending Club’s new statistics page.
The new page takes all the granular, nitty gritty data that Lending Club collects on it’s borrowers and lenders and turns it into a beautiful, almost sensory, colorful experience.
Data Highlights
79% of Investors are earning returns between 6% and 15%
Lending Club has issued [...]
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I’ve been thinking quite a bit lately about why I was such a terrible day trader.
I think the number one reasons was that I was using money that was borrowed, and money that I couldn’t afford to lose.
I also had no clue about risk management.
But it got me thinking, should one ever borrow money [...]
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One of the great things about shopping for a mortgage is you can take a look at that APR and get a good idea of your “deal.” Regardless of your term, closing costs or your structure, the Annual Percentage Rate on the Truth In Lending page on your mortgage will show you [...]
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I woke up with my heart pounding. My palms were sweaty and I wasn’t sure if it was real or not.
Looking around my small bedroom, I saw a pile of clothes, laundry that I hadn’t finished from yesterday.
Whew. Just a dream.
In my dream I was down $10,000 on a $30,000 bet I had placed [...]
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I’m kind of obsessed with Real Estate lately.
It’s been two years now since I had to do a short sale on my first home purchase (a dumb one!), and I can’t help but look at the much more attractive prices in the Seattle area now.
Of course, I won’t be actually buying a house [...]
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The fine folks at Lending Club are hosting a Webinar tomorrow, Thurs. Jun 11th, at Noon PST
To register for the webinar: Click HERE
If you haven’t opened an account at Lending Club yet, it takes about 7 minutes to do (really, I’ve timed it!).
Why Invest At Lending Club
Well, for one, it works. They recently released [...]
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I was browsing around CNBC today and noticed an interesting ad for a bank I had never heard of before, Ally Bank.
Ally = GMAC Financial Services
Their website design is quite modern and I spent some time digging around the site. Apparently, Ally Bank is the new branding for the old GMAC Financial Services.
GMAC will use [...]
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