Question: How do I decide which bank to get a mortgage from? Are there some banks that are better with certain loans as opposed to other ones?
A: One of the best ways to decide where to get your mortgage from is based on personal referrals. A referral from your realtor, attorney, or friends that have recently closed on a mortgage, is usually a good way to start. Most shoppers compare at least 2 different lenders for the same product.
Question: Is there a benefit to paying off your mortgage before its time? There is no prepayment penalty on our loan, but I am trying to figure out if there is a reason to do so or just continue to pay our monthly payment.
A: The benefit...
After a period of turbulence in the 1980s and 90s, Latin American banks are coming into their own. Buoyed by a number of growing economies throughout the region and the adoption of international regulatory standards, the region’s financial sector is going through a period of enormous transition.
Today, the largest banks in Latin America are largely concentrated in two countries. Brazil claims the five biggest institutions by asset size and six of the top ten spots. Meanwhile, Mexico is host to the four other banks on the list.
10) Banco Santander Mexico, Mexico ($62 billion in assets) (SAN)
Santander Mexico provides a wide range of consumer products, including...
The funny thing is – everyone benefits from educated citizens – but arent willing to pay for it.
Private schools and private loans for education are a rip-off. Avoid them and avoid any politician who spouts on about vouchers. Its a truck load of make me rich talk.
Around 24 lakh students took loans for education with banks having an outstanding amount of Rs 52,000 crore, Union Finance Minister P Chidambaram said today, as he asked banks to lend more money for this purpose.
Chidambaram also asserted that his ministry was committed to the education loan programme of the banks.
24 lakh students in India have borrowed loan for education and the outstanding amount with the banks is to the tune of Rs 52,000 crore, he said.
Chidambaram was speaking at a function after formally inaugurating the Indian School of Business (ISB) campus here.
The banks had Rs 27,000 crore outstanding on education loans as of March 2009, Rs 35,850...
Monika Mitchell by Good-b
So much of our political and economic debate in the US lately has centered on living within our means. Virtually every member of Congress talked about the dangers of debt during the months of deficit haggling. To remedy the issue a bipartisan Super Committee was formed of 10 middle-aged white guys, one white woman and one African-American man. So whatever happens, as a gender, men already have the final say over American finance: 11 to 1. What a relief! You wouldnt want the ladies to screw things up. After all those govie guys have done such a great job so far…lol!
The task of this super-duper panel is to cut $1.2trillion from the US budget. This...
You#39;ve wisely earmarked certain investments for your child#39;s education. For some reason, though, a shortfall looms. Perhaps the cost of the course selected by your child is more than what you planned. Or s/he wishes to go abroad for higher studies. And you were unprepared for that. An education loan can bridge the gap.
In their eagerness to embark on a career, children may not grasp the significance of taking loans – or of repaying them. It#39;s perhaps the first time they face a loan officer – and the first ever situation of negotiating a loan. This, therefore, calls for greater parent participation.
But first, here#39;s the lowdown on education loans.
James Berghuis, 42, of Sacramento, has been sentenced to 14 years in prison for orchestrating a Ponzi scheme in the Sacramento area that defrauded family members, friends, and other acquaintances of more than $2.7 million, says US Attorney Benjamin Wagner.
Mr. Berghuis was found guilty more than a year ago of four counts of mail fraud, four counts of wire fraud, and one count of money laundering.
According to evidence presented at trial, between 2005 and 2008, he convinced investors to take out home equity loans to make their investments.
He promised them that he would use their money to invest in hard-money loans, real estate transactions, or the purchase of real...
The margin of error for the local sample was high, at 9 percentage points.
Michael Kinane, TD Banks head of mortgage and consumer lending products, said the numbers were not troubling. Many consumers ultimately do not draw on emergency lines of credit, he said, and banks are more careful about their lending than they were before the recent recession.
Its actually a very positive sign that consumers are confident in their borrowing abilities, Kinane said.
Home equity loans have been rising in Massachusetts since 2011. Previously, borrowing had dropped off after home values collapsed in the recession that started in 2007. Earlier this summer, Massachusetts banks reported...
MILLINGTON, NJ, Nov. 17, 2014 (GLOBE NEWSWIRE) — MSB Financial MHC (the MHC) and MSB Financial Corp, a federal corporation (the Company) (Nasdaq:MSBF), the holding company for Millington Savings Bank (the Bank), announced today that their Boards of Directors have unanimously adopted a Plan of Conversion pursuant to which the Company will reorganize into a new stock holding company and will conduct a second-step stock offering of new shares of common stock.
As part of the conversion, the Bank will become a wholly owned subsidiary of a new stock holding company, which will also be named MSB Financial Corp. The shares of common stock of the Company held by persons other than the MHC will...