Buying A Home After A ForeclosureWritten by Carrie Reeder
Buying a home after a foreclosure is not an impossible task. With some careful planning and some savvy shopping, you can secure a mortgage loan even with a foreclosure in your credit history.
Wait At Least Two Years
Mortgage lenders focus on last three years of your credit history when they consider your mortgage application. It is best to wait at least two years after a foreclosure. However, if you have a large down payment or a fairly good credit score, lenders sometimes make exceptions.
Save A Down Payment
One way to improve terms of a mortgage loan is to have a down payment. A credit score of 600 or lower usually means you will need a down payment between 5% and 20%. Larger down payments will mean better rates. As a bonus, you can avoid PMI with a down payment of 20%.
Create Good Credit
A foreclosure doesn’t mean an end to your dreams of home ownership. After a foreclosure, take steps to build back a good credit score with regular payments on your bills and loans. It is also better to make small regular payments on credit cards than hit and miss with payments. You want to show lenders that you are dependable with paying your bills.
Smart Day Trading strategies to help you make money in the stock marketWritten by Tod Valenti
Learn how to day trade stocks with momentum every day in a simple way.-
Most stock traders know that momentum trading can be a very profitable activity. You can make big amounts of cash in a short period of time. The problem is, that if you don't know what stocks to look for and how to approach them and leave everyting to chance, you could end up wasting money instead of making your profits grow.
That's why most important aspect of momentum trading is knowledge FILTER you employ to make your buy and sell decisions. There are many "fantastic" stock systems and trading strategies outhere, but you need to test them in order to discover which ones help you most. That's part of your homework as a stocktrader. Test, test and test again.
Complicated online trading strategies that rely on a "boat load" of technical analysis indicators can make you slow, and being slow when trading hot momentum stocks can be as dangerous as not knowing what to do in first place.