22
Oct
2008
Posted by Chase Gunderson as Interest Rates
I was reading in the New York Times today and I noticed two articles about how the LIBOR rate had dropped significantly yesterday. LIBOR stands for London Inter Bank Offering Rate. Many people have no idea what influence LIBOR has on our economy and the loans we have. LIBOR has an immense impact [...]
01
Oct
2008
Posted by Greg Shuey as Down Payments, Interest Rates, Mortgages, credit scores
It is getting harder than ever to obtain a mortgage, especially for those individuals with less than perfect credit and little money to put towards a down payment. The things that will affect your ability to obtain a mortgage loan are, your credit score, insufficient income for the size of the loan, insufficient down [...]
