Friday, February 25th, 2011 at 4:02 pm
Leon Williams
Federal Reserve has Finalized Rule on Jumbo Loan Escrow Requirements
The rule raises the threshold requirements for establishing an escrow account (property taxes ad insurance) on a first-lien jumbo mortgage.
The rule essentially says that if the APR on a first-lien jumbo loan is 2.5 percentage points (previously 1.5 percentage points) or more above the average prime offer rate, an escrow account is required.
The provision was one of the reforms outlined in the Dodd-Frank Wall Street Reform and Consumer Protection Act, three years ago. Yes, three years to finally wade through that act to come up with this.
Other proposed rules are listed here:
- A rule that effectively Read the rest of this entry
Popularity: 10% [?]
Friday, February 11th, 2011 at 12:16 pm
Did you hear? The Obama Administration just delivered a report to congress where it is outlining major reform to our housing market. What does this mean? Read the rest of this entry
Popularity: 4% [?]
Tuesday, March 23rd, 2010 at 7:19 pm
Discover Your Personal and Family Life’s Goals
War On Wealth Series – Taxes
I can teach you numerous methods concerning holding on to more of the money that you make, but it is paramount that you determine exactly what motivates you. All of the strategies that I will teach you will be useless without direction, good aim and laser sights. A chisel in the hands of a sculptor makes Art, but in the hands of a novice makes a mess . Because there are numerous ways to do a particular thing you must have clear direction if you want to easily figure out which strategies to use and at which time. Figuring out what motivates you will allow you to construct a road map to a purposeful and fulfilling life.
The Importance of Balance When Constructing A Financial Road Map
Try this on for size: Take Read the rest of this entry
Popularity: 7% [?]
Thursday, March 4th, 2010 at 9:04 pm
Introduction
War On Wealth Series – Taxes
The “War On Wealth” is a war of many battles, and the “Battle Of Taxes” is by far, the most brutal of them all. This is the introduction post to a series of posts titled “Lower Your Taxes In 8 Simple Steps”. This series of posts is a series included in our War On Wealth Series, so it is a series within a series. Are you confused yet?
The Biggest Battle In The War On Wealth – “THE TAX BATTLE”
Without expert help, prudent tax reduction strategies and the ability to mobilize all of your tax reduction weaponry in your arsenal, your financial health not “can”, but “will” suffer catastrophic failure.The inability to effectively fight this battle is a plague that inflicts tens of millions of Americans. In California for instance, federal and state taxes and social security can eat up between Read the rest of this entry
Popularity: 8% [?]
Monday, February 22nd, 2010 at 9:41 pm
War On Wealth Series – Taxes
In my previous post “Why You Should Start A Personal Business”, I made the statement that obtaining Financial Independence and becoming Wealthy is simply the process of continually increasing the gap between the amount of money that comes in and the amount that goes out. The greater the gap the faster your wealth pot grows and multiplies. The goal is to learn how to optimize what you currently have by learning how to keep less of your money from going out. The next step is to learn how to bring more money into the pot. Starting your own personal business is such an efficient weapon against ‘The war on Wealth” that in my opinion absolutely every one should have one. I also want to reiterate the fact that it is not necessary to plunk down $100,000 to start a printing shop. You can get started for as little as a few hundred dollars and a lot of sweat equity in any number of things that are available to you. The only thing that I would suggest is to find something that you love or can get passionate about. However for our purposes neither one of those is necessary. I just believe if I am going to spend my time doing anything, I am going to be passionate about and love everything about my life. I am also not concentrating on the earning of income in this post as I am going to assume that whatever you choose it is with the intent of making money. What I am going to dive right into is how you can keep more of the money that comes into your pot just by having a “personal Business”. Read the rest of this entry
Popularity: 30% [?]
Monday, February 22nd, 2010 at 12:47 pm
Sunday, February 21st, 2010 at 1:03 am
War On Wealth Series – Asset Protection
Asset protection is the closely guarded secret of the Wealthy that enables them to build and grow their wealth on a continual basis. Obtaining Financial Independence and becoming Wealthy is simply the process of continually increasing the gap between the amount of money that comes in and the amount that goes out. Through tax reduction, protection from lawsuits, and estate and retirement planning you can create a security system to protect your assets. In this writing I am going to talk about the three proactive strategies of Asset Protection in the War On Wealth. Within these strategies, exist a myriad of techniques that can be applied with infinite possibilities for any given situation, but here are the basics.
The Three Proactive Strategies of Asset Protection are: Read the rest of this entry
Popularity: 8% [?]
Thursday, February 18th, 2010 at 12:59 am
War On Wealth Series
This is the first in a series of writings designed to inform, educate, and instruct you how to win this battle that you have unsuspectingly been drawn into. Obtaining Financial Independence and becoming Wealthy is simply the process of continually increasing the gap between the amount of money that comes in and the amount that goes out. It’s the amount that goes out that devastates most of us. In case you haven’t noticed, you are right smack in the middle of a war zone. Over the last century a stew of born entitlement, government inefficiencies and waste, continuing financial illiteracy, and greed (corporate and consumer) has been brewing and simmering to the point where the lid bursting from the top was all but inevitable. Well, we are at the point. At no other time in our young history Read the rest of this entry
Popularity: 6% [?]
Wednesday, February 17th, 2010 at 11:55 pm
