Posted on February - 23 - 2012
Americans continue to borrow in order to pay for expenses during the holiday season and this has been indicated by the US credit card debt that has posted a solid increase for the second time in a row in December. The level of consumer credit has increased and the outstanding has gone from $19.31 billion to a whopping $2.498 trillion, according to the available data from the Fed Reserve. When Dow Jones Newswires had surveyed the economists, they had only forecast an increase of $7.5 billion.
There was an increase in revolving credit that is also inclusive of credit card debt. In the month of December, it had increased by $2.76 billion to $800.98 billion. In the month of November, the revolving credit had risen to $5.58 billion, which would be the biggest increase, since March 2008.
There has been an increase in non-revolving credit and it has risen by $16.55 billion to $1.697 trillion.
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Posted on February - 16 - 2012
On February 7, Maryland’s Office of Legislative Audits released a report on the state’s film production incentives program, finding several instances of faulty documentation by firms applying for tax credits.
The Department of Business and Economic Development (DBED), which gives these credits to production companies for qualified expenditures on startup and project costs, approved at least 8 applications out of the 10 firms audited without documentation. The total amount of tax credits for these 8 projects was $34 million, out of the $65.8 million for all 17 projects approved between FY2008 and 2010. Although companies are required to also provide information about the number of people employed on their projects, 4 of the 10 audited failed to give even that information.
Auditors found further problems in their inspection of the Department’s program for investments in a venture fund.
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Posted on February - 12 - 2012
No cost home loan gives a home buyer an extra leverage by sparing costs like appraisal fees document fees, points (a percentage of the loan which often a borrower is required to pay up front). No cost home loans are popular because of they provide relief and leverage to first time home buyers to get their mortgage set up. No cost home loans provide the opportunity to get a house without using up your savings.
Drawback of No Cost Home Loan
There is only one drawback on no cost home loans. The buyer will have to pay high interest rates through out the term in order to save money on no cost home loan. Only one drawback but on whole no cost home loans are really good for first time home buyers.
Using No Cost Home Loan
Why to borrow no cost home loans?
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Posted on February - 06 - 2012
Owning a home has become considerably cheaper than renting one over the past three years, according to a study by Halifax.
Research from the building society found homeownership was more than £100 a month cheaper than being a tenant in December 2011. The average cost of buying a three-bedroom house in the UK cost £600 last month; some £116 (or 16%) lower than the average monthly rent of £716 paid on the same property type, according to the Halifax report. Three years ago, the average cost of buying was 29% higher than renting.
In December 2008, a three-bedroom property would have cost the average homeowner £928 a month in mortgage payments, while a tenant would have needed to find just £721 to cover rent on a property of a similar size.
The remarkable turnaround has been driven by a sharp fall in the cost of mortgage payments and soaring rents in the private sector. The monthly cost of buying a home has fallen by more than a quarter since 2008. New m
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