I wrote yesterday about qualifying for a mortgage. The newspapers proclaim that “credit is frozen.” It is ironic then that lenders are feeling the heat. They were burned by a few years of loose lending.
Consequently, changes occurring in the mortgage lending industry will probably bring a return to more conservative [...]
When the real estate market “woke up”, outlandish home prices had to come down because they weren’t based on real value. Rather, the over-pricing occurred because of greed which was at the root of much of the foolish lending and foolish borrowing of the last few years.
People say, “Real estate is local”. By [...]
Every real estate professional wants a sticky web site. They want visitors - especially home buyers - to stick around.
One of the most logical additions to any real estate web site is a collection of 17 financial and real estate calculators. Web site calculators give visitors a reason to stick around.
MoneyToys web site [...]
Some borrowers walk into a bank or credit union to borrow money and they have no clue. Those are the people who pay much more for the money they borrow than may be necessary.
Others scratch on the back of a napkin to play with loan numbers. Some create spreadsheets and crunch the numbers. [...]
The Library of Financial Equations at Math4Finance.com has grown this evening with the addition of the formula to calculate the present value of a growing annuity with continuous compounding.
Math4Finance.com is Wheatworks Software’s website for all things related to financial math.
And if you’re curious, here’s the formula:
Learn more at Math4Finance.com.
Some people use spreadsheets to create amortization schedules. Those are the people who understand spreadsheets.
And while creating an amortization schedule with a spreadsheet isn’t too difficult if you have time and a “how to” guide, most people who want to see an amortization schedule simply want an amortization schedule. They don’t want to [...]
(Or “Why My Truck is Worth Only 5 Small Dents”)
Earlier this month in “Buy a New Car to Save on Gas?” I blogged about being a happy driver of a 2000 Ford F150. I wish I hadn’t.
Do Not Blog about Your Truck!
Just a few days after that article, the Pendulum of Irony swung up [...]
“The Mess That Greenspan Made” is Tim Iacono’s blog which is subtitled, “How Eighteen Years of Easy Money Changed the world”.
His post, “Renters Unite!“, on October 16 describes a phenomenon that has been happening “under the radar.” He writes about renters being kicked out of the homes they rent because of landlords who lose [...]
Interested in knowing what caused this current financial crisis?
A good place to start is with, “The $58 Trillion in the Room“, Jesse Eisinger October 15, 2008 article in Conde Nast’s Portfolio.com.
His opening paragraph contends the financial crisis has its roots in “a small team of bankers at J.P. Morgan in New York“. Eisinger builds [...]
In recognition of the current economic environment, CustomCalcs.com is offering a “Down Market Special“. For a limited time, CustomCalcs(tm) branded real estate software is available for only $469.95, making this an incredible time to acquire this personally branded promotional software for real estate marketing.
CustomCalcs’ Home Buyer’s Calculator Suite is a fully branded collection of [...]
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