Tag Archives: mortgage

Apparently I Don’t Borrow Enough
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Using credit cards to improve credit score

In our recent move to Iowa and the subsequent search for a new house, we came to the sad realization that we would need to get a mortgage again in order to get the house we wanted. We were ok with that because it … Continue reading →

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097 Financial Excellence: eCredable Should Replace the FICO Score
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Living In Financial Excellence

Episode 97: eCredable is the long awaited alternative to the FICO score, Feb 14, 2012. Today I interviewed Steve Ely, CEO of eCredable. eCredable is a credit reporting agency but they do things a little different than the big three … Continue reading →

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Financial Literacy Month Question of the Day: April 24th, 2011
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Julia from www.PromisesFC.com has an awesome question to challenge the way we think about money: What is more important to you? A) Knowing your mortgage interest rate B) Knowing the remaining balance owed on your mortgage C) Knowing the equity … Continue reading →

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Financial Literacy Month Question of the Day: April 14th, 2011
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Today’s question is from Jackie Walters from “Personal Finance with Jackie Walters” on FaceBook: What percentage of monthly income should you budget for a mortgage payment? A) 10% B) 25% C) 45% The direct link is: http://www.youtube.com/watch?v=vIEprTq0NjY

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Did you know? Fun Facts and Statistics About Money
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In 2007, total consumer debt was $2.5 trillion. Consumer overall indebtedness (including mortgages) increased from $1.4 trillion to $11.5 trillion from 1980 to 2005. Find more fun facts and statistics about money at financialexcellence.net.

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Should you Walk Away from your Mortgage?
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This 60 minutes video highlights an alarming trend of people walking away from their mortgages, even though they can still afford to make the payments. Their logic is that the house has lost value and they are upside down on … Continue reading →

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