My Credit Report Info

Here are five expert tips on how to navigate the current credit crisis to ensure success when applying for a mortgage.
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A HELOC or home equity line of credit is a kind of second mortgage that behaves much like a credit card. The line of credit is established based upon the value of your home, so the more equity you have in the property the more money you can borrow. You borrow what you want, when you want it, and pay interest on your outstanding balance. After repaying the balance your line of credit is reinstated so you can borrow it again in the same way. Usually HELOC loans carry not extra fees and they offer rates that are cheaper than those associated with credit cards.
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Micro lending – which involves loans of small amounts – got its start as a research project meant to study the possibility of designing a credit delivery system targeted to the rural poor. In 1983 the project – created by Professor Muhammad Yunus of Bangladesh, India – was transformed into the Grameen Bank.
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Most of us overlook the obvious ways to save, as evidenced by the fact that the average savings rate in the USA had dipped into negative territory for the first time since the Great Depression. That means that most Americans spend more than they earn each month while not saving a penny. To turn that trend around, here are three simple savings ideas:
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Saving money on gasoline has become more critical than ever, as millions of Americans try to cut back on expenses and deal with the unexpectedly high prices of fuel.
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