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Banks are ready to repay TARP

The Financial Times reported on Monday that Goldman Sachs, JPMorgan Chase & Co, and American Express Co were expected to be in the first wave of major lenders allowed to return TARP funds. The government’s stress tests said none of the three needed to raise capital, even among the most negative economic scenario that regulators considered.
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QA1: Should I Refinance?

Question: Should I Refinance? Our home mortgages remain both our biggest monthly bill and our greatest investment. With all the economic uncertainty, we still have very low interest rates between four and five percent for 15 year loans, and less than six percent for many 30 year loans. A question facing many families is: Should I refinance?

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Home Mortgage Rant

Home mortgages right now are so crazy. What should we do about them? All of a sudden, the Rich Dad Poor Dad thinking doesn’t seem so smart.

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Should we go and Refinance our Home Loan?

We have a mortgage for 10 years. It’s really hurting us. What can we do about it? We live on a very quiet neighborhood. We took out a home loan with a very optimistic term. Since we have very short terms, our the interest rates on our mortgage is quite low while our repayments are really high. We are considering to go for a refinancing scheme to avail of some lower interest rates but what can we do to make sure that this won’t hurt us in the long run?

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Home Loan / Foreclosure Help from the Government

There is 75 billion dollars worth of foreclosure help in the new housing stimulus program. This targets about 4 million home mortgage borrowers or 1 in 5 people having trouble with making their mortgage payments.

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Latest from the News

Read the news carefully today. You never know what you're gonna get. For recommended reading materials on mortgages and refinance aspects and how to fix your deeds or just plain news on real estate, check out the new york times online. It's a very good source of information.