News & Tips http://healthnwealthnwisdom.com Sat, 04 Jul 2009 17:10:05 +0000 http://wordpress.org/?v=2.1.3 en Mortgage Default Insurance versus Mortgage Life Insurance http://healthnwealthnwisdom.com/mortgage-default-insurance-versus-mortgage-life-insurance/ http://healthnwealthnwisdom.com/mortgage-default-insurance-versus-mortgage-life-insurance/#comments Tue, 30 Jun 2009 15:26:09 +0000 gloria http://healthnwealthnwisdom.com/mortgage-default-insurance-versus-mortgage-life-insurance/ What’s the difference between mortgage life insurance, mortgage loan insurance or mortgage default insurance? These terms all seem quite similar and are sometimes used interchangeably to add further confusion to things. These various types of coverage are very different and offer unique benefits to Canadian homeowners. Mortgage loan insurance or mortgage default insurance is typically required by lenders when you are buying a home or looking for mortgage refinancing and have less than a 20% down payment based on the property’s value. Mortgage life insurance, on the other hand, is a life insurance policy that pays out a lump sum upon your death to cover the rest of your mortgage. You can view more details in our Canadian Mortgage Life Insurance article.

Mortgage loan insurance is supplied by the Canadian Mortgage and Housing Corporation (CMHC), which is a government organization and private insurers including Genworth Financial and AIG United Guaranty, and helps protects lenders against mortgage default. It’s estimated that about 50% of mortgages taken out in Canada need to be insured. It enables consumers to purchase homes with little or no down payment with interest rates comparable to those with a 20% down payment while providing additional protection to lenders for their added risk. As with all types of insurance, there are premium payments that need to paid for the coverage. The CMHC premiums vary from 0.50% - 2.90% and dependS on the loan-to-value (LTV) ratio of the down payment.

Tags: General, Business, Family, Financial, Homes, Insurance, Credit, Marketing

]]> http://healthnwealthnwisdom.com/mortgage-default-insurance-versus-mortgage-life-insurance/feed/ Bad Credit Debt Consolidation Is Genuinely an Alternative http://healthnwealthnwisdom.com/bad-credit-debt-consolidation-is-genuinely-an-alternative/ http://healthnwealthnwisdom.com/bad-credit-debt-consolidation-is-genuinely-an-alternative/#comments Sat, 06 Jun 2009 22:06:13 +0000 Budman38 http://healthnwealthnwisdom.com/bad-credit-debt-consolidation-is-genuinely-an-alternative/ Are you really and truly considering consolidating your credit card debt? Is your credit really bad? There are a lot of different options available today for people with bad credit, that will help you to get your debts consolidated.Whether you’re just wanting to merge all of your credit card debts together or consolidate other types of debt, it can be a really challenging and time-consuming process trying to find a company that is qualified and capable of helping you online.

Debt consolidation loans are just like any other type of loan, in the sense that you need to qualify for one in order to receive it. If you’re a homeowner with any equity built up, then it could be really beneficial for you to use some of that equity to borrow against so you can consolidate your bills that way.

Read more on debt consolidation

Tags: Financial, Credit, Debt

]]> http://healthnwealthnwisdom.com/bad-credit-debt-consolidation-is-genuinely-an-alternative/feed/ 5 Benefits of Credit Card Debt Consolidation http://healthnwealthnwisdom.com/5-benefits-of-credit-card-debt-consolidation/ http://healthnwealthnwisdom.com/5-benefits-of-credit-card-debt-consolidation/#comments Sun, 31 May 2009 03:13:14 +0000 Budman38 http://healthnwealthnwisdom.com/5-benefits-of-credit-card-debt-consolidation/ When thinking about the different terms that are used in the topic of credit cards, one of the most mentioned and talked about is credit card debt consolidation. It’s true that credit cards have been very useful and convenient for us and we, in fact, treat the credit cards as a necessity. It seems though, that with every good thing you have a bad side affects too. Where credit cards are concerned, the specific debt is considered the evil and often credit card debt consolidation is considered the medicine against that evil.

Anyone who has read any newspaper articles on ‘Credit card debt’ would already know what credit card debt consolidation is. However, just for the benefit of others, credit card debt consolidation, in simple terms, is the process of consolidating debt which you hold on various high APR credit cards onto just one low APR credit card.

Tags: Financial, Credit, Debt

]]> http://healthnwealthnwisdom.com/5-benefits-of-credit-card-debt-consolidation/feed/ Find the Right Debt Consolidation Company to Help You Online http://healthnwealthnwisdom.com/find-the-right-debt-consolidation-company-to-help-you-online/ http://healthnwealthnwisdom.com/find-the-right-debt-consolidation-company-to-help-you-online/#comments Wed, 13 May 2009 03:03:15 +0000 Budman38 http://healthnwealthnwisdom.com/find-the-right-debt-consolidation-company-to-help-you-online/ Are you really and truly considering consolidating your credit card debt? Is your credit suffering? These days there are a lot of different programs that can help people with bad credit get their debts consolidated. It doesn’t matter whether you just want to consolidate your credit card debt or other types of debt, it can be a really tough and time-consuming trying to find a dependable and are capable company to help you online.

A debt consolidation loan is just like any other type of loan and the fact that you will need to qualify for it. If you’re buying your own home, and you have the equity in it, then you could very easily obtain a loan by using the equity in your home as collateral for it.

Read more on bad credit debt consolidation

Tags: Financial, Homes, Credit, Debt

]]> http://healthnwealthnwisdom.com/find-the-right-debt-consolidation-company-to-help-you-online/feed/ Do you know how to get your free credit report? http://healthnwealthnwisdom.com/do-you-know-how-to-get-your-free-credit-report/ http://healthnwealthnwisdom.com/do-you-know-how-to-get-your-free-credit-report/#comments Fri, 20 Feb 2009 13:03:20 +0000 tinytim http://healthnwealthnwisdom.com/do-you-know-how-to-get-your-free-credit-report/ You would think that by now, everyone already knows how to get their free credit report from each of the big three credit bureaus 0n an annual basis. The reality is, if you haven’t really needed to check your credit situation, you may have never even felt the need to learn how to do this! That’s human nature for ya. Why do something you don’t have to, right? Well, credit reports are something you should check annually or more often even if you don’t think you have problems yet. Do it now at annualcreditreports.com absolutely free and mandated free by the government….you’ll be glad you did!

Tags: Business, Financial, Credit, Debt

]]> http://healthnwealthnwisdom.com/do-you-know-how-to-get-your-free-credit-report/feed/ Credit Score Repair Tips To Improve Your Credit Score Report http://healthnwealthnwisdom.com/credit-score-repair-tips-to-improve-your-credit-score-report/ http://healthnwealthnwisdom.com/credit-score-repair-tips-to-improve-your-credit-score-report/#comments Tue, 10 Feb 2009 06:50:18 +0000 announcer http://healthnwealthnwisdom.com/credit-score-repair-tips-to-improve-your-credit-score-report/ If you find credit card or bank loan accounts that show late payments on your credit report, contact the lender to see if they are willing to remove them. If they will not, write a letter to each credit bureau asking them to remove the account. If the lender does not respond within 30 days, the credit bureau will remove the account from your report. If you are unable to pay your bills on time, contact the lender and ask them if they can work with you. They may be willing to restructure the loan to fit the circumstance… read more credit score

Tags: Credit

]]> http://healthnwealthnwisdom.com/credit-score-repair-tips-to-improve-your-credit-score-report/feed/ The Process of Mortgage Broker Licensing http://healthnwealthnwisdom.com/mortgage-broker-licensing/ http://healthnwealthnwisdom.com/mortgage-broker-licensing/#comments Sat, 20 Dec 2008 08:30:23 +0000 mikegoh http://healthnwealthnwisdom.com/mortgage-broker-licensing/ There are so many jobs out there that don’t require you to have an education. You don’t need to prove that you know what you are doing. You just do the job and hope everything works out. While that is fine for some, these are the jobs that often don’t pay well and have no room for growth. If you’re not willing to accept that, they you should look into a career that requires passion, education, and life. The most successful career in a lot of communities is that of a mortgage broker. This job is in high demand. If you want this kind of career, you’ll need to go through the mortgage broker licensing process. Then you’ll be able to run your business with pride and savvy.

Education is a very big part of becoming a broker. Even after the mortgage broker licensing process, you’ll need to keep up with new laws and regulations regarding mortgage loans and working with clients and lenders. In the beginning, though, all you’ll need to do is make sure you attend your classes. Although it varies between different regions and countries, most licenses require that you have 24 hours worth of education on the subject. This education needs to be accredited and meant for this purpose.

 PR: wait…  I: wait…  L: wait…  LD: wait…  I: wait… wait…  C: wait…  SD: wait…

Tags: General, Business, Financial, Credit, Real Estate, Debt

]]> http://healthnwealthnwisdom.com/mortgage-broker-licensing/feed/ Using Free Debt Reduction Letters http://healthnwealthnwisdom.com/debt-reduction-letters/ http://healthnwealthnwisdom.com/debt-reduction-letters/#comments Sat, 20 Dec 2008 04:45:34 +0000 mikegoh http://healthnwealthnwisdom.com/debt-reduction-letters/ By making use of free debt reduction letters, you save yourself some time and the expense that would accompany the use of professional debt negotiators. Yet, you do sacrifice some security by choosing one of these templates from which to build your own negotiation or settlement of outstanding debt.

Not every template for free debt reduction letters is equal. It is possible to find many templates on multiple sites that are virtually identical. You have to take the time to locate the template and check it against others that may have already found. Any free debt reduction letters you find on the web should be examined carefully to make sure they are representing the terms and legal conditions in an accurate manner.

The safest approach is to use any free debt reduction letters as a basic guideline and contact a debt settlement lawyer to clarify and confirm the contents of the letters before you send it off to a creditor. This will save you from the embarrassments and hassles that may come from a poorly written debt negotiation letter.

 PR: wait…  I: wait…  L: wait…  LD: wait…  I: wait… wait…  C: wait…  SD: wait…

Tags: General, Financial, Credit, Debt

]]> http://healthnwealthnwisdom.com/debt-reduction-letters/feed/ Fair Debt Collection Practices Act: Dealing with Abusive Debt Collectors http://healthnwealthnwisdom.com/fair-debt-collection-practices-act/ http://healthnwealthnwisdom.com/fair-debt-collection-practices-act/#comments Sat, 13 Dec 2008 06:01:55 +0000 mikegoh http://healthnwealthnwisdom.com/fair-debt-collection-practices-act/ In the first place, why do debt collectors find it easy to violate the Fair Debt Collection Practice Act? Actually, the answer is quite simple. Debt collectors take advantage of people’s ignorance. If you don’t know the law and you’re not familiar with the provisions of the Fair Debt Collection Practice Act, you won’t know what rights you have against these debt collectors.

 PR: wait…  I: wait…  L: wait…  LD: wait…  I: wait… wait…  C: wait…  SD: wait…

Tags: General, Financial, Credit, Real Estate, Debt

]]> http://healthnwealthnwisdom.com/fair-debt-collection-practices-act/feed/ Finding Loans To Avoid Foreclosure http://healthnwealthnwisdom.com/loan-to-avoid-foreclosure/ http://healthnwealthnwisdom.com/loan-to-avoid-foreclosure/#comments Sat, 13 Dec 2008 05:31:09 +0000 mikegoh http://healthnwealthnwisdom.com/loan-to-avoid-foreclosure/ The first place one should look for loans to avoid foreclosure is with your current lender. The reason for this is that they have the most to lose if you end up defaulting on your loan, so they have the most to gain to help you find loans to avoid foreclosure. Banks and lenders have numerous strategies to help their lenders stay current on their loans, but they need to be informed when you are getting into trouble. They may not know that you’ve lost a job or are having a medical emergency, even if they try to contact you. The problem is that many homeowners are so frightened to even admit they might be headed for foreclosure that they tend to hide from the lender right when they should be picking up the phone.Once the notice of default is filed, your foreclosure will no longer be a secret. You can expect every con artist and legitimate investor to come knocking at your door with different options for loans to avoid foreclosure. However, how are you going to be able to tell who is genuine and who is not? The best way to do that is to call your lender and work with them to find loans to avoid foreclosure. It may turn out you are not in as big a trouble as the investors and scam artists are trying to claim you are in. It may be your mortgage lender or banker can resolve the issue simply by allowing you to skip a couple of payments and tacking them onto the end of the loan. Even if they can’t resolve it with an easy fix, they may be able to direct you to other lenders who might be willing to fund a bailout of your foreclosure issue.

 PR: wait…  I: wait…  L: wait…  LD: wait…  I: wait… wait…  C: wait…  SD: wait…

Tags: General, Financial, Credit, Real Estate, Debt

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