What steps to take in order to eliminate your home loans debt

Debt has become a disease for the Americans and most of them have accumulated debts on their credit cards, student loans, auto loans and even home loans. Home loan is the biggest loan that is taken out by a person as it involves a huge amount. This is a secured loan where the lender keeps your house as collateral to the loan so that if you default on the payments, they can repossess your house and sell it off to recuperate the money. This entire process is called foreclosure and if you want to avoid it and retain your home ownership rights, you must know the ways in which you can reduce your home loans debt and...

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What is your debt-to-income ratio and when is it important

If you’re in the market to take out a loan at an affordable rate, you must be aware of the two most important factors that are checked before giving you a loan. Yes, the numbers that are checked while giving you a loan are your credit score and your debt-to-income ratio, more popularly known as the DTI ratio. Are you aware of what a DTI ratio is and why it holds so much importance during a financial transaction? Read on to know more on this particular topic. How is your DTI ratio calculated? As the name suggests, your DTI ratio is nothing but the ratio of monthly income that you make in a month and the debt obligations that you’re supposed...

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The situation – US stocks as of now

As per recent reports, the US stocks tumbled with the beginning of September, where it is considered that it was the S&P 500’s worst September start in 50 years. It is not only S&P which went through a tumble, the other stocks too dropped. Though, the Federal Reserve Chairman Ben Bernanke did try to instill some amount of confidence, it failed to slow down the investor jitters. So, if you are thinking of investing in the stocks in order to pay off your debts, you should think twice. US stock situation The reports on the job market show it to be the weakest in a year. This renewed the fears that US may slip back...

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Parameters to Be Considered For Getting Cheap Auto Insurance

There is hardly anyone out there who doesn't dream of buying a luxury car. When you buy anything, you make a huge investment and hence you must take care of that product by undertaking several maintenance activities. In order to provide protection to anything you buy, insurance policies can help. You dream of buying a new car, but prior to that confirm everything and fulfill all formalities to provide security to your sedan. Starting from cars for personal use to the giant sedans used for official purposes, several auto insurance policies are available for every category of automobile. However, if you desire to get cheap...

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