Avoiding Mortgage Scams

March 6, 2009

The Federal Reserve Bank let out a press release today providing home owners with tips on how to avoid mortgage scams. CLICK HERE or on the picture below to see this article.



Tip of the Day: Municipal Code Enforcement (3/4/09)

March 4, 2009

Today’s tip features John Thro of the St. Louis County Problem Property Unit. Mr. Thro talks about the vulnerability of empty houses—he encourages people to call their city or county if there’s an abandoned or foreclosed home in their neighborhood that’s being neglected, because these homes are very vulnerable to theft or vandalism. The sooner the problem is taken care of, the better.

Tip of the Day: A Strategy for Saving (3/2/09)

March 2, 2009

Today we have a video of Dennis Johnson as he gives some tips for saving money. He says that your expenses should be less than your income, and that you need to develop a budget so you’re able to save some money. If you have debt, incorporate the repayment into your budget.

Tip of the Day: Don’t Use Home Equity Loans to Pay Off Other Debt (2/27/09)

February 27, 2009

For our tip today we have a video where Dennis Johnson talks about taking out home equity loans to pay off other debt—something he does not recommend.

Tip of the Day: Get Free Tax Assistance

February 26, 2009

If you live in Missouri and need of free tax assistance visit the University of Missouri Extension’s website by clicking here or on the picture below.


Tip of the Day: An Explanation of a Universal Default Clause (2/25/09)

February 25, 2009

Today’s tip features Dennis Johnson of ClearPoint Financial Solutions as he explains a universal default clause. This clause may be part of your credit card application, and it means your credit card company can monitor your credit history. So if you miss a payment with anyone, your credit card company can raise your minimum payment amount and/or your interest rate. It’s especially important to understand the terms of your credit card and to read everything your credit card company sends to you.

Tip of the Day: Have Emergency Savings (2/24/09)

February 24, 2009

In today’s tip Dennis Johnson of ClearPoint Financial Solutions and Eric Madkins of the Urban League of Metropolitan St. Louis discuss the importance of having emergency savings. They suggest having at least 3-6 months worth of living expenses saved, just in case something happens. Right now it’s more important than ever to be proactive and plan ahead. The more prepared we are, the better we’ll be able to weather this financial crisis.