Money, Debt, Real Estate, and Credit talk with Jeff Underwood

http://theuglytruthaboutmoney.com/
http://www.facebook.com/TheUglyTruthAboutMoney

The US Debt jumped $72 Billion the same day that the government voted to cut spending by $6 Billion!! Are you kidding me???

Also, join me for my latest episode of The Ugly Money Show on iTunes or on http://www.BlogTalkRadio.com/JeffUnderwood.

Stay Informed throughout 2011!
Join me for an exciting year of fun education on money, debt, real estate, credit, mortgage, the economy, and how they all work together!

Jeff Underwood, The Street Economist
The Ugly Truth About Money

Congrats to the Know-Y video contest winner – National Debt video. http://know-y.org/

And, here is another video that was submitted.

Enjoy.

Stay Informed throughout 2011!
Join me for an exciting year of fun education on money, debt, real estate, credit, mortgage, the economy, and how they all work together!

Jeff Underwood, The Street Economist
The Ugly Truth About Money

This is classic!!

Click Here to hear Charles Ferguson’s acceptance speech where he points the finger at Wall Street. It is classic!!

Also watch the trailor from “Inside Job”. If you have not seen this documentary, you are missing out.

http://theuglytruthaboutmoney.com/
http://www.facebook.com/TheUglyTruthAboutMoney

Stay Informed throughout 2011!
Join me for an exciting year of fun education on money, debt, real estate, credit, mortgage, the economy, and how they all work together!

Also find Jeff on internet radio and iTunes….. http://www.blogtalkradio.com/jeffunderwood – The Ugly Money Show
iTunes – The Ugly Money Show

Jeff Underwood, The Street Economist
The Ugly Truth About Money

What is the National Debt?

In case you missed my radio show on the national debt, here it is again.  (This show is recorded from just before the end of 2010)  Our National Debt continues to grow at an unbelievable pace!! It is over $14,000,000,000,000 that’s 14 TRILLION!!! (It will be much higher by the time you listen to this) In this episode I am going to share with you just how big this debt is and how big a trillion is. Why is it important that you understand the national debt, you might ask. Well, I truly believe for you and your family to start feeling like you have control over your “personal” economy again, you must start with these topics. Join me as I share some facts that will amaze you and give you something to talk about with your family and friends.

http://theuglytruthaboutmoney.com/

http://www.facebook.com/TheUglyTruthAboutMoney

Stay Informed throughout 2011!
Join me for an exciting year of fun education on money, debt, real estate, credit, mortgage, the economy, and how they all work together!  I will also teach more about our National Debt.

Also find Jeff on internet radio and iTunes….. http://www.blogtalkradio.com/jeffunderwood – The Ugly Money Show
iTunes – The Ugly Money Show

Jeff Underwood, The Street Economist
The Ugly Truth About Money

What is the National Debt?

http://theuglytruthaboutmoney.com/
http://www.facebook.com/TheUglyTruthAboutMoney

Quick update on the story about the 59.9% and 79.9% credit cards……..

Stay Informed throughout 2011!
Join me for an exciting year of fun education on money, debt, real estate, credit, mortgage, the economy, and how they all work together!

Also find Jeff on internet radio and iTunes….. http://www.blogtalkradio.com/jeffunderwood  – The Ugly Money Show
iTunes – The Ugly Money Show

Jeff Underwood, The Street Economist
The Ugly Truth About Money

http://theuglytruthaboutmoney.com/
http://www.facebook.com/TheUglyTruthAboutMoney

National Debt update…… How long would it take to pay off at $1 per second?

Stay Informed throughout 2011!
Join me for an exciting year of fun education on money, debt, real estate, credit, mortgage, the economy, and how they all work together!

Also find Jeff on internet radio and iTunes….. http://www.blogtalkradio.com/jeffunderwood  – The Ugly Money Show
iTunes – The Ugly Money Show

Jeff Underwood, The Street Economist
The Ugly Truth About Money

How big is our national debt?

http://theuglytruthaboutmoney.com/
http://www.facebook.com/TheUglyTruthAboutMoney

Ugly Truth #10 – How big is our National Debt? Here is a fun fact.

Stay Informed throughout 2011!
Join me for an exciting year of fun education on money, debt, real estate, credit, mortgage, the economy, and how they all work together!

how big is our national debt

If your adjustable rate mortgage is due to adjust this year, don’t go rushing to replace it just yet. Your soon-to-adjust mortgage rate may actually go lower. It’s related to the math behind the ARM.

Conventional, adjustable-rate mortgages share a common life cycle:

1. There’s a “starter period” in which the interest rate remains fixed
2. There’s an initial adjustment period after the starter period called the “first adjustment”
3. There’s a subsequent annual adjustment until the loan’s term expires — usually at Year 30.

The starter period will vary from 1 to 10 years, but at the point of first adjustment, conventional ARMs become the same. A homeowner’s new, adjusted mortgage rate is determined by the sum of some constant, and a variable. The constant is most often 2.25% and the variable is most often the 12-month LIBOR.

As a formula, the math looks like this:

(Adjusted Mortgage Rates) = (12-Month LIBOR) + (2.250 Percent)

LIBOR is an acronym standing for London Interbank Offered Rate. It’s the rate at which banks borrow money from each other and, lately, LIBOR has been low. As a result, adjusting mortgage rates have been low, too.

Last year, 5-year ARMs were adjusting to 6 percent or higher. Today, they’re adjusting to 3.375%.

Based on the math, it may be wise to just let your ARM adjust this year. Or, depending on how long you plan to stay in your home, consider a refinance to a new ARM.  Starter rates on today’s adjustable rate mortgages are exceptionally low in Cincinnati , as are the rates for fixed rate loans.

Either way, talk to your loan officer about making a plan. With mortgage rates as low as they’ve ever been in history, homeowners have some interesting options. Just don’t wait too long. LIBOR — and mortgage rates in general — are known to change quickly.

Thank you for reading and following.

Jeff Underwood, The Street Economist

Licensed Mortgage Professional And Personal Finance Expert

In May 2010, Retail Sales at non-store retailers — a category that includes Amazon and eBay — topped $29 billion, up 16 percent from May 2009. Clearly, Americans are doing an increasing amount of shopping online. And we’re paying our bills online, too.

But how well are we protecting our identities?

In this 5-minute piece from NBC’s The Today Show, you’ll learn the basics of online fraud and methods to minimize the likelihood of identity theft. Furthermore, the tips go beyond the basic “choose a challenging password”. For example, you’ll hear about:

• Why you shouldn’t pay bills from a coffee shop
• Who might be hiding behind an unprotected public wifi network
• The dangers of storing credit card numbers with an online retailer

And, although, at one point, the interviewee goes over the top with respect to spyware and anti-phishing prevention, the point being made is a good one — you can’t be too careful with your online financials and common sense goes a long way.