Reasons Why Bad Credit Equals High Interest

It is often confusing why lenders would charge higher interest rates to someone with bad credit. A person with bad credit does not need the higher payments on a loan that come with higher interest. It seems more rational to charge a person with bad credit lower interest so the payments can be more affordable [...]

Jail Sentence For Missed Loan Payment?

Missed Loan Payment? Go to Jail! Going to jail for not paying a loan is really not applicable today. For many loans you can not go to jail for failure to repay. You can end up in court, but jail time is not a punishment for most debts. The exception to this is a payday [...]

Real Estate and Jumbo Loans Market

Las Vegas Real Estate – Million Dollar Massacre Two of Las Vegas top real estate analyst Kendall Trotter and Steve Hawks discuss the future of the luxury home market in Las Vegas. Steve Hawks states the semi custom million dollar luxury homes in guard gated communities is going to be hit the hardest. “We already [...]

Should You Get An Open or Closed Loan?

Home equity loans can be open or closed end loans. Here is a very brief outline of the two loan terminologies. It will help to understand what these terms mean and when you are considering a home equity loan. Open End Loan An open end home equity loan allows you to borrow against your home [...]