Is Your Money Keeping Up With Inflation?

Written by Carlos T. Fernandez


In today's unpredictable global economy, you obviously never know what is going to happen next. Uncertainties and concerns regardingrepparttar Iraqi threat, North Korean crisis, and hidden terrorist cells and networks continue to loom inrepparttar 112433 back ofrepparttar 112434 minds of consumers. Moreover,repparttar 112435 stock markets and industries aroundrepparttar 112436 world.

Price inflation is another major concern for everyone. The latest Consumer Price Index (CPI) number released byrepparttar 112437 U.S. Department of Labor's Bureau of Labor Statistics states that prices, in all U.S. cities, are up 0.1% inrepparttar 112438 month of December forrepparttar 112439 calendar year of 2002. The Consumer Price Index (CPI) is a program that produces monthly data on changes inrepparttar 112440 prices paid by urban consumers for a representative basket of goods and services. Furthermore,repparttar 112441 national unemployment rate continues to remain steady at 6.0% forrepparttar 112442 month of December 2002. Believe it or not, this may not be as bad as it sounds.

Economic theory suggests that an increase inrepparttar 112443 inflation rate will lead to a decrease inrepparttar 112444 national unemployment rate. But sincerepparttar 112445 unemployment rate is currently 6.0%, this may also suggest that in order for this rate to eventually decrease, we should expect more inflation inrepparttar 112446 future. The recent upsurge in oil prices together with precious metals supports this theory and may also be a hint of what's to come.

No Income Verification Home Equity Loan

Written by Levetta Rivera


A no income verification home equity loan is a second mortgage loan that does not require you to provide income documentation to qualify forrepparttar loan. This type of loan is great for homeowners who need a home equity loan but have hard to document income.

The majority of borrowers with hard to document income are either self-employed or commission based employees. Consumers who fall under these categories may have high income but have a lot of business related deductions that they write off on their taxes. This is good onrepparttar 112432 one hand as it reducesrepparttar 112433 taxable income and thusrepparttar 112434 amount of taxes owed, however, when it comes to getting a home loan it can hurt as most lenders userepparttar 112435 average of your last 2 years taxable net income (the amount left after all of your deductions) to determine your income figure for qualifying purposes. This may cause you to have a debt to income ratio problem if you have a high debt load and thus keep you from qualifying forrepparttar 112436 loan. With a no income verification home equity loan, however, your gross income can be used for qualifying purposes as opposed torepparttar 112437 net income.

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