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CNNMoney.comFannie, Freddie Report Progress In Cutting Some Mortgage RatesWall Street Journal - 22 hours agoBy JAMES R. HAGERTY Executives of Fannie Mae and Freddie Mac told Congress they are finally bringing down interest rates on some "jumbo" mortgages. …US warning on 'jumbo' mortgage Property Week NewsMortgage rescue plan: A needed fixer-upper Palm Beach PostGSEs attempt a delicate balancing act Euroweek.comBloomberg - Stockhouseall 1,215 news articlesRead full story ... (Read More)

The Money TimesRates on 30-year mortgages dip below 6 percentThe Associated Press - May 22, 2008WASHINGTON (AP) — Rates on 30-year mortgages dipped below 6 percent this week, falling to their lowest level in five weeks. Freddie Mac, the mortgage …US 30-year mortgage rates fall in latest week ReutersHome prices sink 3.1% in quarter Boston GlobeUS mortgage rates declined last week United Press InternationalKXMCall 107 news articlesRead full story ... (Read More)

CNNMoney.comOFHEO's Lockhart sees pent-up mortgage demandReuters - 7 hours ago"Maybe people are thinking that now is the right time to get a mortgage." Fannie Mae on Friday announced a new, national policy on downpayment requirements …Fannie Mae Bows to Pressure on Down Payment Standard (Update1) BloombergFannie Mae cuts minimum for some down payments Boston GlobeFannie's new watchdog CNNMoney.comCurbed - Wall Street Journalall 593 news articlesRead full story ... (Read More)

Kiwibank cuts mortgage ratesStuff.co.nz, New Zealand - 13 hours agoKiwibank is the first to drop mortgage rates to under 9 per cent as $45 billion in home loans comes due for renewal. The homegrown bank yesterday took its …Kiwibank leads mortgage cuts TVNZBank's mortgage rate moves under 9pc mark New Zealand HeraldKiwibank cuts mortgage rates again The Dominion PostRTT News - Stuff.co.nzall 80 news articlesRead full story ... (Read More)

I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages. A company was announcing the availability of 40 year mortgages for its customers. The stated purpose was to lower the monthly payments to make buying a home more affordable. Whenever I hear the phrase “more affordable”, I put my hand on my wallet because the attempt to empty it will begin any moment. Almostnever is that phrase used in relation to the total cost of financing. It isalways used in reference to the size of the monthl... (Read More)

When you go to the bank to get a mortgage, you’ll inevitably be asked to take out mortgage insurance. The idea behind mortgage insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and the bank. Most financial institutions act like they are doing you a favor by offering you mortgage insurance through their own group plan, but are they? The truth is that you could probably get a much better deal and at least an equal amount of protection by shopping around for your own insurance policy. Essentially, mortgage ... (Read More)

With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I don’t hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers. One of the oldest programs remains steadfast in both its high profile and its duplicity. This program is the No Cost Home Loan — the one bankers say is free, but you actually pay for as long as you have the loan. The no closing cost home loan is virtually everywhere. It is advertised in the mail, on radio and on TV all the time. “Hey, refinance... (Read More)

Before I go further, let me ask a question- if you won the lottery tomorrow, would you take the payout in a lump sum or in monthly payments?

Most people would take a lump sum because even though it might be less than the total prize, they would have control over a large sum of money now and could let the time value of money go to work and increase their winnings.So why then would you opt to get paid on your business sale over several years rather than take a lump sum payout?

The answer is probably because you didn’t know that you could get cash for your business note. Peacock Capital can help you to sell your business note at a discount and cash out now, rather than later.

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