Option ARM Bomb

Many have been warning of this pending implosion for years, but evidently it’s just now hitting the major news organizations.  How did anyone ever think that a mortgage that didn’t even cover the interest charges each month was a good idea? From the numbers I’ve seen, 2010 and 2011 are the years when most of […]

Getting a loan

I’ve read many stories in the past few weeks about how hard it is to get a loan now.  All the stories are saying the same thing – banks aren’t lending, people can’t get loans, so the economy is tanking because people can’t borrow money to buy things. Bullshit.  This past summer I had to […]