Critics say a new law introduced by Republican U.S. Rep. Jeb Hensarling, designed to advance the rate at which the portfolios for Fannie Mae and Freddie Mac are sold off, would severely limit the number of 30-year fixed-rate mortgages available in the U.S., according to a report from MartketWatch. Experts recently testified before Congress that returning Fannie and Freddie to the private sector would lead to a price increase most middle class families couldn’t begin to afford.

Republican lawmakers are eager to find a way to get Fannie and Freddie – which were nationalized in 2008 at the height of the mortgage meltdown – off the federal books, the report said. Alrea

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Financial planning is an extremely important tool for every investor. It helps in disciplining the investors in their spending, investing and saving habits. Financial planning is basically the process by which one plans one’s financial ambitions, invests in suitable plans and saves up for such investments. It is necessary that the investor keeps reviewing his financial plan so that he or she can reap the maximum financial benefits in a given frame of time.

Financial Planning covers retirement planning, insurance planning, tax planning and investment planning.

Retirement Planning is about investing money in a way such that one saves up enough to receive monthly income even after one’s retirement from the workplace, so that one may be able to meet the expenses of his or her own retired life.

Insurance planning makes sure that a family’s earning members are insured and in case of their sudden deaths, the rest of the family is provided with enough compensatory money so that their lives can proceed without any financial glitches. Insur Read all post…

People who are new to the credit industry don’t always understand the definition of debt settlement. The world of creditors and delinquent accounts can be confusing and aggravating. Many people do not know the benefits of debt relief that offers a bargaining agreement with their creditors. Consumers who learn about debt relief take a big step in gaining control of their financial lives.

A quick explanation of many definitions commonly used will help understand the basics of credit industry. The debtor is the definition for a person who owes money to someone else. Creditors are those that provide credit as credit cards or that the debtor must pay. Debt is money that should be paid for services, purchasing, etc.

Consumers who have a lot of debts can use debt relief solutions to repay money to creditors. A Read all post…

Debt-income ratio or debt-to-income ratio is a tool that lenders majorly use in order to check your creditworthiness and decide whether or not to offer a loan to you. As the name suggests, it gives the ratio of how much of your gross income each month (minus the taxes) is used to pay off your debts. You can use a debt-to-income ratio (DTI) calculator to work out the figures before applying for a loan. A debt-income ratio calculator is a device which uses certain variables and formula to calculate your debt-income ratio.

What are the 2 types of debt-income ratio calculation?
Debt to income ratio is calculated in 2 ways, front end ratio and back end ratio. Read all post…