Steadfast Finances

 Real Estate         6 comments

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For some time now, I’ve been considering becoming a real estate investor (>1 property) once again. Even though real estate prices haven’t found their absolute bottom yet (my non-professional opinion only), I’m thinking that 2010 might be a decent time to test the waters, do some bottom fishing, and see …

 Debt Reduction, Mortgages, Personal Finance Tips         1 comment

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If you’re a believer in The Stuff You Own Ends Up Owning You philosophy, it’s only natural that you should spend a few minutes of every month actually calculating how much, if any, that you’re leveraged and how much of income goes solely to repay your debts.
Yes, I know that …

 Business Trends, Investing 101, Real Estate         4 comments

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Earlier today, I stumbled across one of Google’s many data mining gadgets called “Insights for Search” and before I knew it, two hours of my day were gone.
Basically, Insights For Search is just like Google Trends with few more bells and whistles, where it quantifies the number of times various …

 Mortgages, Personal Finance Tips         16 comments

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Amortization is probably one of the most ubiquitous financial concepts that encompasses our daily lives, but yet, few of us know what it means, how it works, much less, how the monthly payments on all our stuff is calculated.
By definition, amortization is:
The reduction of a debt over time by making …

 Banking, Financial Crisis         2 comments

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The Wall Street Journal never disappoints when it comes to their investigative journalism.
According to a real estate article published earlier this week, self employed workers are increasingly being turned down for mortgage loans due to the tightening credit markets.  Never mind that many self employed people are among the most …