From Ken Green’s post on today’s Enterprise Blog:
In the real world, jobs are not magically “created” when some central planner in the Politburo decides everyone needs new shoes, windmills, solar panels, tiny electric cars, fluorescent light bulbs, recycled paper underwear, or Rahm Emanuel action figures. Jobs are created when consumers decide they want to spend money to buy stuff. That means that: a) consumers have to have money to spend, b) they have to be confident enough in the future of the economy to be willing to spend their money, and c) they have to be able to afford the stuff for sale.
Instead of helping to create those conditions, the president and his allies in Congress are doing exactly the opposite. By
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Summary: Refinancing A Mortgage Loan Without A Job
As the real estate market worsened, mortgage underwriting requirements went from loose to tight. Now, getting a real estate mortgage is more painful than having a tooth pulled. If you don’t have a job, you had better have other steady income that you can use for your loan application. These days lenders go down their checklist looking for each item to check off. One of those items is a job. If you don’t have a job, you probably won’t be able to get a loan. If you are between jobs, you might have to start the job in order to move a loan application down the line.
Refinancing A Mortgage Loan Without A Job
Q: We would appreciate your advice on a challenging real estate situation we’re facing.
My husband bought a rental property in 2005 using a first and second mortgage. T
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In this economy there is no such thing as job security. The days of working at one company for the entire length of your career are gone, and have been for quite a while. There is a very good chance that at some point you will find yourself facing a jobloss or unemployment. The difference between a job loss being a hard stressfull time, and a chance for new opportunities is planning.
Fortunately, there is a new way to plan for a job loss. Most people feel safe because they have a few months income saved up, but you’ve worked to hard for that money to lose it over a layoff.
You would have to be living with no connections to the modern world not to know that the economy and job markets are dismal at best. Gone are the days of a sure job, and unlimited overtime.
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