VA Home Loan Centers Announces New Regulations May Adversely Affect Veterans Who Apply for a VA Home Loan Modification


San Diego, CA (PRWEB) January 26, 2012

VA Home Loan Centers announces new updates to the loan mod regulations may be too restrictive to provide adequate assistance for those seeking assistance with their VA loans.

The Department of Veterans Affairs has enacted temporary changes to the administrative law governing federal VA home loan modification.

VA Home Loan Centers comprehends that the intention of the short-term regulation reform was to allow loan servicers direct authority to modify VA loans in their portfolios. This adjustment would seemingly provide mortgage relief to veteran and active-duty homeowners who are in default on VA home loans. Although the program was designed to streamline the modification process, the United States Department of Veterans Affairs has stated that an unintended consequence of the new law has been the emergence of additional obstacles for the borrowers and loan services.

The good news according to VA Home Loan Centers is that the program creates certain protections for military homeowners in trouble. The temporary law makes it faster to get assistance while limiting the costs lenders can charge for the loan modification. Late fees cannot be added to the new home loan balance, but unpaid taxes, homeowners association dues and insurance can be rolled into the mortgage.

The new rules allow VA loans older than one year to be repaid in a new 10- or 30-year repayment plan. If the borrower has a need, they may apply for another modification after three years. The new modified VA loan must provide a fixed interest rate, but this new rate can be higher than the rate of the prior VA loan.

VA Home Loan Centers interprets the law to reflect that while the good intentions are evident, an ironic result of the new regulation is that borrowers who need help the most may not be able to receive the benefits of the program.

The regulations state that as a condition of eligibility for loan modification, the borrower must have acceptable income, expenses, assets and credit history. The problem is that homeowners who are in default usually do not have what lenders would consider an acceptable credit or income history. VA Home Loan Centers recognizes that this clause is too restrictive and may allow service providers the ability to deny many modification applicants. Once a borrower has been denied, the remaining options are usually bankruptcy, foreclosure or a short sale of the home.

VA Home Loan Centers acknowledges that while the new rules to the loan mod program are intended to give a second chance, many borrowers will not be able to get relief. The result is likely to keep the program from completing its objective.

“While veteran borrowers are not guaranteed a loan modification, they can apply for one if they meet very restrictive criteria,” said Philip Georgiades, chief loan steward for VA Home Loan Centers. “Although some veterans can benefit from the loan mod program, many will not. The new update to the law was supposed to make it easier for veterans to obtain a loan modification. The adjustment to the law is an insufficient way to protect those who protect us.”

About VA Home Loan Centers (http://www.vahomeloancenters.org/)

VA Home Loan Centers is a qualified lender of mortgage loans to United States veterans. The VA loan program helps veterans, active and former duty military, and certain spouses of U.S. service personnel to achieve home ownership. Services provided by VA Home Loan Centers include real estate representation, such as VA loan short sale processing, purchase assistance and VA loans application administration. VA Home Loan Centers offers no cost / low cost beneficial loans and services to all eligible veterans and their families.

A loan through VA Home Loan Centers is easier to qualify for than other loan programs by offering relaxed credit guidelines as well as the no-down-payment, no-closing-costs option (VA no/no). Other benefits include the ability to finance the funding fee, no mortgage insurance premiums, no prepayment penalties, low interest rates and monthly costs. VA loans available include 15-year and 30-year fixed-rate mortgages. Borrowers who apply directly through VA Home Loan Centers may also be eligible for a rebate of up to 1.5 percent of the total loan amount.

Borrowers with a Veterans Administration mortgage who would like to apply for a VA home loan modification, are advised to contact the company (mortgage servicer, lender, or bank) where they remit their payment.

Borrowers with a VA loan who have been denied a home loan modification, are advised to contact VA Home Loan Centers to apply for a VA loan short sale. Free short sale VA loan assistance and grants are available to all borrowers who qualify.

To learn more or to apply for a VA loan, call 888-573-4496.

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CEDAR to Exhibit at AFSA Vehicle Finance Conference


Atlanta, GA (PRWEB) January 26, 2012

Conference attendees who visit CEDAR at booth #103 will receive a demo on the capabilities of the CEDAR Agile Communications Platform. Cedar will show mortgage banking professionals how they can enhance their customer communications and correspondence. This year’s conference, co-sponsored by the AFSA Vehicle Finance Division and AFSA Education Foundation, will be held at the Bellagio in Las Vegas, February 1 – 3.

For more information on CEDAR Document Technologies or to schedule a meeting at the conference, send an email to jstancil(at)cedardoc(dot)com or visit our website.

About CEDAR:

CEDAR Document Technologies is a leading provider of Customer Communications Management solutions built on a hosted suite of products and services that allow an enterprise to compose personalized content and compliance communications for multi-channel distribution. CEDAR delivers a proven record of success implementing game changing cross-industry solutions that increase customer value, reduce servicing costs and generate rapid ROI.

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Bargain Hunters Looking for Personal Checks Coupons and Business Checks Coupons Save Big at Coolchecks.net Sale

(PRWEB) January 26, 2012

Coolchecks.net, an Internet leader in offering personal and business checks from several top check printing companies, has some great news for bargain hunters searching for personal checks coupons and business checks coupons: for a limited time, the companys already low prices on checks are dropping even further.

Coolcheck.nets exclusive sale lets customers save in one of two ways. Theyll save 25% off check orders over $ 15. Or, if they have a larger order, theyll save $ 10 off check orders of $ 30 or more from select companies.

Plus, customers can choose to save on a massive selection of over 2,500 checks from three major check printing companies. Theres ample choice to suit every preference and need.

The special coolchecks.net sale is designed for those looking for coupons for personal checks and coupons for business checks, commented Sherry Tingley, the founder and president of Coolchecks.net. And the savings can be quite significant. For example, if a person orders checks four times a year, they could save about $ 40 or more. And business owners stand to save even more, since they generally need twice the amount of personal check orders. And as a business owner myself, Im aware that every dollar saved is a good news story!

Personal and business customers who want to take advantage of Coolchecks.nets special limited-time savings offer can access the exclusive offer code at http://www.coolchecks.net/coupons.

These savings coupons are not available anywhere else on the Internet, added Tingley. And theyre offered for a limited time only and once the sale is over, theres no telling if or when itll come back. Our check prices are already extremely good, and the fact that we sold about half a million dollars worth of checks in 2011 is proof of that. This is the first time in five years that Coolchecks.net has been able to offer its customers such deep discounts, and we want as many people as possible to take advantage of the savings.

For more information or media inquiries, contact Sherry Tingley at sherry(at)coolchecks(dot)net or 801-683-8320.

About Coolchecks.net

Led by its Founder Sherry Tingley, Coolchecks.net offers a wide selection of business checks from several leading check printing companies. The companys small business and personal finance blog, located at http://www.Coolchecks.net/blog, features a comprehensive line-up of practical articles, advice, insights and tools for small business owners and individuals. Learn more about Coolchecks at Coolchecks.net.

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StorageMart Awards $5,000 in “ScholarSmarts” Scholarships


Columbia, MO (PRWEB) January 23, 2012

StorageMart, a full-service storage company with more than 130 locations across the United States and Canada, announced on January 17, 2012 the winners of the StorageMart “ScholarSmarts scholarship program. Designed to reward students from any level of higher education in the United States or Canada who may not otherwise find themselves eligible for more traditional scholarships, the program will provide five students with $ 1,000 gifts.

Recipients of the Winter 2012 ScholarSmarts Scholarships are:

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Increasing Credit Scores: 4 Tips from American Financial Solutions


Seattle, WA (PRWEB) January 24, 2012

Credit scores are an integral part of the financial portfolio for Americans. The score wields power on everything from employment opportunities to auto insurance rates and deposits on cell phones to qualifying for a home. Below are four of the most common problems and solutions credit counselors with American Financial Solutions see when contacted by people trying to improve their credit score. Remember that while a score can drop in a relatively quick period of time, it takes longer to bring it back up. There is no quick fix for credit reports and credit scores.

[1}Pay down balances. Next to missing payments, the best way to damage a credit score is to use more than 30% of the credit limit. If someone is using a credit card like a debit card and charging all purchases (usually to earn reward points or miles), paying the balance down before a major purchase using credit is a must. The card should be paid down to 30% of the credit limit at least 30 days before making the loan application.

As a general rule, it is best to keep credit card charges to a level you can comfortably pay back, in full, each month. If the credit score on your credit report seems stuck in a rut, look at those balances. Work to get them to 30% of the available limit and you will probably see that score increase.

[2]Add positive information. Adding positive information to your credit report can also improve your credit score. The most efficient way to do this is to open a new credit card. The new account can be an unsecured card or a secured card (a credit card backed by your money). Remember when using this card, the 30% rule from above still applies.

Also note that this method does not work if you already have four or more credit cards and the act of applying for credit cards could bring your credit score down.

[3]Another way to potential increase your credit score is to monitor your credit report. According to a study of consumer credit reports conducted by the U.S. Public Research Interest Group (U.S.PIRG), Twenty-five percent (25%) of the credit reports surveyed contained serious errors that could result in the denial of credit, such as false delinquencies or accounts that did not belong to the consumer When reviewing the credit report, look for anything you do not recognize or that appears incorrect. For a complete list of what to review use American Financial Solutions Credit Report Checklist.

[4] Pay bills on time. Missing payments can bring down a credit score very quickly, but it takes time to recover from late payments. In general, a the score considers the last 24 months the most relevant in your payment history. If you got behind, get current and keep making those payments. If you do not have any bills that show on a credit report, continue to pay so nothing gets sent to collections and then reported to your credit report.

Managing credit reports and credit scores can be daunting. There are no quick fixes for problems with credit. It takes time, hard work, and dedication to overcome the credit obstacles. There are other options that may also help people bounce back from damaged credit. These include debt consolidation plans, debt management plans, credit counseling services and more. To learn about all of the options and get help organizing, contact a certified credit counselor today.

American Financial Solutions (AFS) is a non-profit 501(c)3 financial education and credit counseling agency that helps people find solutions for managing their money and changing their financial lives for the better. Since 1999, AFS has helped over 750,000 individuals across the United States through one-on-one counseling, financial education classes, or the use of debt management plans. AFS is a member of the National Foundation for Credit Counseling (NFCC) as well as the Association for Independent Consumer Credit Counseling Agencies (AICCCA). AFS is also accredited by the Council on Accreditation (COA) and has an A+ rating by the Better Business Bureau. For more information, please visit http://www.myfinancialgoals.org. Find us and like us on Facebook (facebook.com/AmericanFinancialSolutions) or follow us on Twitter (twitter.com/MoneyTips4You)

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Terry Burkot Promotes Vital Reason Short Sales in New Tampa & Wesley Chapel FL Must Start Now


Tampa, FL (PRWEB) January 23, 2012

Veteran realtor and house short sales expert, Terry Burkot explains the vital reason why anyone considering short sales in New Tampa, Wesley Chapel, and Tampa Bay, FL, needs to start now. That reason, unknown by many home owners already frustrated and facing a short sale or foreclosure, is that the Mortgage Debt Relief Act of 2007 which was extended through 2012 currently ends this December 31st of this year.

A short sale, also known as pre-foreclosure allows the seller to sell a property even though the net proceeds are not enough to cover the principle balance on the mortgage. It can be a winning scenario for all parties involved: Buyers usually pay under market value for the house but should allow extra time for acceptance as banks may not move fast waiting for all offers and it may take extra time to close. The seller does well because they are able to rid themselves of a house that would have likely gone into foreclosure. The banks are in favor of it because they would rather sell a house and take a small loss now rather than the house go into foreclosure and take a big loss down the road.

On a campaign to educate homeowners and help them through this difficult and very detailed process Terry explains, It works like this lenders of house short sales, foreclosures or debt reconstruction are usually required to report the amount of the canceled debt to the person and the IRS on a Form 1099-C Cancellation of Debt and it is treated like income by the IRS. One then pays the taxes on that amount.

Per this IRS link http://www.irs.gov/individuals/article/0,,id=179414,00.html, The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure may qualify for the relief.

A very simplified example is: You borrow $ 100,000 and default on the loan after paying back $ 20,000. If the lender is unable to collect the remaining debt from you, there is a cancellation of debt of $ 80,000, which generally is taxable income to you. If you qualify, the Mortgage Debt Relief Act of 2007 excludes this amount and tax is not owed on it.

Currently, The Mortgage Debt Relief Act of 2007 expires December 31, 2012. This means that homeowners considering short sales in New Tampa, Wesley Chapel, and Tampa Bay, FL need to start the process now and close on the sale by December 31, 2012 to take advantage of the debt forgiveness. If they wait until next year, they could face a large tax bill from the IRS, says Burkot.

The short sale process is typically a lengthy emotional ordeal that can take many months to close making the 2012 deadline critical to starting the process now. Terry has streamlined the process and is effective at the closing short sales she lists.

About Terry Burkot, P.A.

Terry Burkot, P.A., entered the local real estate market in 2003 and is now with Future Home Realty in New Tampa, FL. When starting, Terry listed house short sales in New Tampa, Wesley Chapel, and Tampa Bay, FL in 2003. Terry quickly became a Short Sale specialist with the experience necessary to take a buyer and seller through the short sale process. Her motto is, I dont work from 9-5, I work from start to finish. Highly involved in her community, she is an alumnus of the University of South Florida and a regular donor to local charities and church. For more information on short sales visit http://www.terryburkot.com or call (813) 363-8111.

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Homes.org Unveils New, Enhanced Design


Austin, TX (PRWEB) January 23, 2012

On January 19,2012 Homes.org, a fast growing real estate search website, officially launched a new version of its website. The new, updated design showcases a cleaner appearance while maintaining its sophisticated yet user-friendly features.

Users can expect to see changes throughout the website, including a more streamlined and open layout, simpler navigation and bolder color scheme. Current Homes.org users will appreciate that the functionality was kept in place and largely unchanged making it easier than ever to navigate the site and use tools to search for home lists, to get mortgage information and to locate other real estate resources.

The most notable changes can be found on the home listing pages which now have a revamped details section that is easier to read and more attractive photo galleries. The home details clearly focus on the most pertinent information for buyers, such as number bedrooms and bathrooms, making it possible to get the most valuable information at a glance. Users will also appreciate the additional search option that can now be found in the header of the website.

The less confined layout out, more vibrant colors and streamlined functionality sets Homes.org apart from its competitors by improving user experience and allowing users to get information more efficiently and easily.

To check out the new design, search new homes listings or find real estate agents in your area, please visit: Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools, home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures

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Pinnacle Capital Mortgage selects Retarus Cloud Fax Service


New York, NY (PRWEB) January 23, 2012

Retarus Inc., a leading global provider of professional messaging solutions announced today that Pinnacle Capital Mortgage, a key financial provider for the Western United States, has selected Retarus Faxolution for Desktops to meet their organizations faxing requirements.

Colin Weiner, Infrastructure Engineer at Pinnacle Capital Mortgage, explained, Our current in-house fax solution was experiencing performance issues – and with our strategy to redesign our Voice, Data and WAN infrastructure to utilize Voice over IP (VOIP), we needed a fax service that would work independently of our VOIP network.

After searching for a solution to meet their needs, Pinnacle Capital Mortgage selected Retarus’ Faxolution for Desktops. According to Donna Tomasino, President of Retarus, “Businesses like Pinnacle Capital Mortgage rely on cloud-based solutions to meet their organizational strategies and improve their operational efficiencies. The critical component for companies is to identify a provider that can not only provide the service that is needed, but one that can also excel in delivering customer support, security, transparency and innovation. In the messaging business, there is no better provider, said Tomasino.

Teaming up with Retarus has proven to be a success for both organizations. Weiner added, The Retarus team was very knowledgeable and helped us transition off of our fax server quickly and without any impact to our users. The process was very smooth and allowed us to continue business operations without interruption.”

Retarus provides companies around the world access to the most reliable cloud-based fax network, which supports a 99.9% fax delivery rate and provides 100% availability. With products that include Desktop Fax Services, Fax for Applications, Fax for SAP and WebExpress broadcast messaging – enterprise customers are able to take advantage of Retarus innovation and user friendly administrative tools which provide total transparency into the messaging process.

This press release and the accompanying graphic material can be downloaded at http://www.retarus.com.

About Pinnacle Capital Mortgage

Pinnacle Capital Mortgage Corporation is headquartered in Roseville, California, with additional operation centers located in Concord, CA; Folsom, CA; Lake Oswego, OR; and Phoenix, AZ. They currently have market presence in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, and Washington.

Pinnacle Capital was founded with the knowledge and efforts of highly experienced lending professionals, with excellent reputations in the mortgage banking field. With this vast pool of experience, they have grown quickly to become a true contender in this industry.

As a company, Pinnacle Capital Mortgage strives to provide only the best possible service to those in their broker partner community, holding fast to the concept of enduring integrity. They hold great value in being honest, dependable, and ethical and believe they can only succeed by building healthy and strong relationships with their partners, and everything they do has that end in sight.

About Retarus

Retarus is a leading global provider of professional messaging solutions and has been developing and offering services for electronic corporate communications since 1992. The company’s portfolio encompasses large and medium-sized corporations, with service extending to more than 3,500 worldwide customers in various sectors. Customers such as Allianz, Bayer, Honda, Sony and Adidas rely on Retarus messaging services to exchange mission-critical business documents. Retarus employs more than 220 dedicated professionals and holds offices in Munich, New York, London, Dubai, Paris, Madrid, Milan, Zurich, Singapore, Sydney and Vienna. Each of its employees makes retarus’ core service values customer focus, innovation, high quality and transparency their mission. Further information is available online at http://www.retarus.com.

Contact:

FrankToscano

Vice President Marketing & Business Development

retarus Inc.

(212) 504-2978

Frank.Toscano(at)retarus(dot)com

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MTPV Completes $10M Series B Financing


Austin, TX (PRWEB) January 26, 2012

MTPV, a clean energy semiconductor chip company, announced today that it raised an additional $ 3.25 million in the final closing of its series B financing. The funding, provided by Northwater Capital Management, Inc. and a follow-on investment from Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., completes the round that started with a $ 6.75M closing in August of last year.

The initial closing, which was led by pre-existing investor Spinnaker Capital, LLC of Boston, also included investments from Applied Ventures, the Massachusetts Clean Energy Center, Austin-based Ensys Capital, LLC, the Clean Energy Venture Group, and several others.

MTPV creates semiconductor chips that convert heat directly into electricity. Similar to a solar panel that converts sunlight into electricity, MTPV chips are able to convert any source of heat into electricity with breakthrough efficiency and power. As part of this financing MTPV, LLC changed its corporate structure and is now MTPV Power Corporation.

Our fund specializes in companies with strong intellectual property. said Frank Egan, Managing Director of Northwater Capital. We are excited to join this dedicated group of investors committed to bringing this impressive technology to the world.

Northwater Capital brings significant experience and many industry relationships to MTPV that will greatly benefit us as we begin to commercialize our technology, said David Mather MTPVs President and Chief Operating Officer. We look forward to partnering with Northwater and their impressive network of potential customers and collaborators.

About MTPV Power Corporation

MTPV is a clean energy semiconductor chip company using its breakthrough technology to harness the worlds waste heat and convert it to electricity. For more information, visit http://www.mtpv.com.

About the Northwater Capital

Northwater Capital Management Inc. is a leading, privately held, investment management company founded in 1989. With offices in Toronto, New York, and Chicago, Northwater focuses on investments in intellectual property and intellectual property rich companies. The fund’s objective is to combine leading intellectual property, compounding business models and world-class management to generate exits and excess returns. For more information, visit http://www.northwatercapital.com.

About Applied Ventures

Applied Ventures, LLC, a subsidiary of Applied Materials, Inc., invests in early stage technology companies with high growth potential that provide a window on technologies that advance or complement Applied Materials’ core expertise. Applied Ventures’ investments help develop technologies and markets that provide natural extensions of Applied Materials’ businesses and can stimulate the growth of applications for its products and services. Applied Materials, Inc. is the global leader in providing innovative equipment, services and software to enable the manufacture of advanced semiconductor, flat panel display and solar photovoltaic products. Learn more at http://www.appliedmaterials.com.

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FinancialSuccessInstitute.org Announces New Study to Improve Subscribers Real Estate Investment Earnings by Owning Mortgages Inside Their IRA


Fairfax, VA (PRWEB) January 23, 2012

Richard Geller, CEO and managing director of FinancialSuccessInstitute.org, stated today, “The Institute responded quickly when the results of its latest survey came in. Of those responding, 61.2% own a self directed IRA and 40.2% have a real estate investment but only 16.1% are invested in mortgages. The institute sees an opportunity to help subscribers improve their real estate investment earnings in the coming weeks.”

Geller elaborates on the study. “The study will uncover the best ways to communicate that owning mortgages in a self directed IRA improves investors real estate investment yield. Many investors simply are not aware they can hold a mortgage as a real estate investment and that mortgages offer one of the best rate of return available for a real estate investment.”

Geller explains how investors will improve real estate investment earnings. “The math is straight forward. The real estate investment profits from a mortgage are completely passive income. The investor only needs to collect their real estate investment earnings in the form of a monthly check. The real estate investment profits from owning real estate is lower because of associated expenses. Maintenance, repair, and overhead costs draw down the earnings when the real estate investment is owning property. With only 16.1% of subscribers taking advantage of the better real estate investment income by holding mortgages, the opportunity for financialSuccessInstitute.org is finding a better way to educate subscribers that they can improve their real estate investment profits by owning mortgages in their self directed IRA.”

Geller continues, “The new survey results show us another opportunity for investors to easily improve their real estate investment returns by switching from a self directed IRA to a self directed 401K. The Institute has already released an expert panel study revealing the many ways switching from a self directed IRA to a self directed 401K increases an investor’s real estate investment earnings. Improving their real estate investment by switching to a self directed 401K is based on the same principle as moving into mortgages rather than owning real estate. An investor’s real estate investment profits increase because expenses decrease. This will be welcome information to the Institute’s subscribers because 54.6% of those responding to the survey said custodians charge too much for services. Investors will convert those costs into profits for their real estate investment by switching a self directed 401K that doesn’t require a third party custodian.”

Geller explains further. “Self directed IRA custodians are unlikely to inform clients the can increase their real estate investment bottom line by switching to a self directed 401K because it’s not in the interest of the custodian. The self directed 401K puts the investor in full control of their account, allowing them to maximize earnings from their real estate investment. Anyone wanting to learn the full details of the superior benefits from a self directed 401K, like improved real estate investment yield, should contact FinancialSuccessInstitute.org today.

Geller concludes, “FinancialSuccessInstitute.org is well aware of subscriber’s need for crucial information regarding on how to improve their real estate investment rate of return. The study will find the most effective ways to educate readers about these two powerful ways to increase their real estate investment profits. The real estate investment education materials will be released at FinancialSuccessInstitute.org over the coming days and weeks.

About FinancialSuccessInstitute.org. The Institute is devoted to educating readers and subscribes about investing alternatives and safeguarding wealth once acquired. Information about improving the real estate investment bottom line is only a small sample of resources available to subscribers. Besides details about increasing real estate investment income, other information readers can access includes the self directed IRA LLC, self directed 401K, debt settlement, legally minimizing taxes, tax lien investing, and precious metal investing.

Disclaimer: Information here and at FinancialSuccessInstitute.org is not legal or professional advice regarding real estate investments or any other retirement account activity. It’s intended only as general information sharing. Seek professional assistance regarding your specific circumstances and applicable laws to assure you fully understand the ways you can improve your real estate investment strategy or before taking any other retirement account action.

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