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  • 05.31.2010 - MortgageRefinance.com Launches
    With mortgage rates at historic lows the mortgage industry is heating up. MortgageRefinance.com is a online source for borrowers to compare mortgage refinance rates from quality lenders and save money on mortgage payments.
  • 06.23.2010 - Fed leaves interest rates near zero
    The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent.
 
 
 

 
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Debt Saving Tips
 

Bankrate offers consumers six steps to eliminating debt:

1) Know where you stand - Look honestly at how much you owe.
2) Create a plan - Take a short self-inventory to determine the appropriate repayment plan.
3) Set aside some savings - Consumers should have at least 3 months worth of living expenses in a savings account.
4) Pay more than the minimum each month - By only paying the minimum, compound interest adds up, making it harder to pay off the principal amount.
5) Improve your terms - Creditors may waive fees, reduce interest rates or agree to more flexible terms
6) Seek counsel - A credit counselor can get you on a budget or refer you to other options

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