
By Suze Orman August 6, 2009 I am seeing a lot of households play the dangerous and costly game of rolling their credit card debt into mortgage debt, and that has me very concerned. What’s happening is that just as credit card interest rates are shooting up to 30% or higher, mortgage rates are [...]
August 8, 2009 | Posted in
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by Suze Orman July 12, 2009 The Home Affordable Refinance program will now accept applications if you are up to 25% under water on your mortgage; that’s up from the previous limit of 5% under water. As I wrote in an earlier Scoop that explained how Home Affordable works, if you have a mortgage that [...]
July 12, 2009 | Posted in
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by Suze Orman June. 12, 2009 To help spur home sales the federal government just announced a way for first time homebuyers to get access to this year’s tax credit (maximum $8,000) before they buy, rather than having to wait for the money when they file their 2009 taxes. Now that you can get an [...]
June 13, 2009 | Posted in
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By Suze Orman June 5, 2009 The mortgage assistance plan announced by President Obama on Wednesday is actually two plans: one for helping homeowners who are in decent shape but would benefit from refinancing to a lower mortgage rate, and one for helping qualified homeowners who are deeply underwater and at risk of losing their [...]
June 7, 2009 | Posted in
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By Suze Orman May 30, 2009 (Q) My wife (53) and I (49) have been married for 20 years and live in the San Francisco Bay area. We live simply, have no children, have no debt, own our home (3,000 sq. ft. in a nice area), are in good health, have a long-term care policy, [...]
May 31, 2009 | Posted in
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By Suze Orman May 23, 2009 President Obama will soon sign new legislation that provides sweeping consumer-friendly reforms to credit card practices. The changes are scheduled to become effective in Feb 2010 ; that’s a lot better than another set of reforms made last December but that weren’t scheduled to become effective until July [...]
May 23, 2009 | Posted in
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by Suze Orman May 3, 2009 Two months ago, in a Suze Scoop I told you that building up a sizable emergency savings account was more important than paying more than the minimum due on your credit card balances. Not everyone agrees with my advice. So be it. But I want to be very [...]
May 2, 2009 | Posted in
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By Suze Orman Apr. 25, 2009 With credit-card debt at epidemic proportions in this country–among the rich, among the poor–you must have seen television programs about getting out of debt, and you must have read dozens of articles explaining how to do it. I offer a step-by-step plan for getting out of debt in [...]
April 25, 2009 | Posted in
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By Suze Orman Apr. 18, 2009 There are now some easy ways to find out if Fannie Mae or Freddie Mac back your mortgage; and that’s the first step in qualifying for a refinance or loan modification under the government’s new program. As I explained in an earlier scoop the Obama administration recently launched two [...]
April 19, 2009 | Posted in
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By Suze Orman Apr. 12, 2009With credit-card debt at epidemic proportions in this country–among the rich, among the poor–you must have seen television programs about getting out of debt, and you must have read dozens of articles explaining how to do it. I offer a step-by-step plan for getting out of debt in The 9 [...]