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Press Release: Panama Law (Guatemala Law Company)

admin — Wed, 26 May 2010 22:44:31 +0000

PanamaLaw.org is a Guatemala law company practicing in Offshore Asset Protection, including Private Bank Accounts in Panama, Hong Kong, Belize, Saint Vincent Grenadines, Nevis Saint Kitts, and Guatemala. Panamalaw.org also provides Economic Citizenships, Residencies and Passports. PanamaLaw.org offers asset privacy and security from many circumstances including new tax treaties, civil litigation, divorce and bankruptcy. Their website, www.panamalaw.org stores a massive list of information on offshore asset protection, current events and law changes.

U.S. Mortgage Rates Heading Towards All-Time Lows

admin — Fri, 20 Nov 2009 20:56:01 +0000

Mortgage rates fell all across the board this week with as the housing continues to rebound. The thirty year fixed averaged 4.83% with .07 points, its lowest level in six weeks. The average on the 30-year fixed was 4.98% three weeks ago and 6.04% at this time last year. National rates for the 15- year mortgage, a popular mortgage refinancing option among consumers, also dropped, with the average decreasing 4 basis points to 4.32%- the lowest rate ever on record.

The recent fall in rates is not surprising as the Fed recently finished wrapping up its 12 month $300 billion treasury buyback program and continues its efforts in purchasing $1.25 trillion worth of mortgage-backed-securities. Despite rates lingering just above all time lows in the recent months, the national volume for mortgage loan applications is at its lowest point in almost twelve years.

Volume is expected to pick back up now that Congress has passed legislation to extend the home buyer tax credit. The extension now includes a tax credit of up to $6,500 for existing owners buying a new house as a primary residence. The annual income eligibility limits have also been raised from $75,000 to $125,000 for singles and from $150,000 to $225,000 for married couples. The tax credit has been very well received by homeowners and has been cited as a big factor in the recent increase in national home sales and prices in the U.S.

What to consider when borrowing money

admin — Fri, 14 Aug 2009 01:40:21 +0000

There is no doubt that we are currently going through very challenging financial times. And it is in these times that we need money the most. We have to pay our rent, phone and cable bills, gas bills and so much more yet we hardly have any cash in our bank accounts.

This is a familiar situation in a lot of households currently. And a lot of individuals and families are using loans as their way out of this crisis. They want to get money to pay their bills and just pay it back later with interest. But an important thing to remember is that you can get loans from several sources and each source would have a different rate.

This is why you need to do some research and look for best refinance rates, loan rates, credit card rates etc. If you take this crucial step, you can save yourself a lot of money in these times.