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According to Aviva, Brits spend 26 times longer on their Christmas shopping than they do on searching for the best retirement income deal. In fact, the average amount of time spent on the former is reportedly 3 days, 6 hours and 35 minutes per annum, which equates to six months during the course of a lifetime.  In contrast, it would seem that Brits only spend a total of 7 days shopping for the most suitable annuity or pension product.

Aviva’s research also revealed that 55 percent of Brits admit to spending over a week investigating their annual holiday, which entails consulting a minimum of 4 or 5 sources of information prior to booking.  During the course of a lifetime, this equates to 311 days.  In comparison, it was found that 282 days are spent deciding upon insurance, and 246 days are spent deciding upon utility services.

Despite the revelation that decisions surrounding pensions and annuity products are made more quickly than others, the research also showed that 43 percent of Brits would consult in excess of 11 sources of information prior to buying.  As a comparison, 31 percent would utilise five sources of information before investing in car or home insurance.

Head of annuities for Aviva, Darren Dicks, commented: “It’s great to see that people are becoming more savvy as consumers and are trying to shop around to get the best.  However, it’s worrying that we might spend more time choosing Christmas presents for our dog than we would finding the best product to see us through the whole of our retirement!”

 ”At Aviva, we encourage people to spend time when thinking about their future, as this can make a dramatic difference to their retirement income.

“It’s important that customers get the best advice and find the right solutions to help them increase their income in retirement.  By shopping around for an annuity, people can increase their retirement income by 10% or more.  If people invest time in planning for retirement sooner than later, as well as getting sound financial advice, they can prepare for the retirement they deserve.”

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Homeowners who would like to re-organise their finances in the New Year, could investigate the possibility of taking out a secured loan to consolidate any existing debts.  One of many finance options available, a secured loan for debt consolidation could allow borrowers to replace multiple monthly repayments on credit cards and personal loans with just one.  This single monthly repayment could even be lower than the sum of current outgoings each month, thus freeing up useful money that could potentially be set aside for future use.  However, when taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.

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Mr JumboMortgage can give the readership hundreds of examples of great money good credit borrowers(doctors, lawyers, engineers, etc) that were not approved(or no program avail) by the 'Too Big to Fail' banks that we had/have accounts with that ended up getting a solid loan with a credit union or insurance company. If you or someone you know needs a jumbo loan or wants to lock in a great fixed jumbo mortgage rate we are backed by a credit union where money is lent the old fashioned way. Spread the word on moveyourmoney.info project that www.huffingtonpost.com is pushing because of a dinner that Arianna and her friends had on Dec 28th after being so feed up with the meltdown and casino capitalism.

According to Engage Mutual, a survey of 3,000 parents has revealed that in excess of one in five have been borrowing from their children’s savings accounts.  It was found that 44 percent have borrowed between £200 and £500, with the majority of parents repaying the money over a period of five months or less.

Findings also showed that British families view the recession as the cause of the poor state of their finances, and some have had to rely on their children’s savings to get by. However, 82 percent have reportedly borrowed the money as a loan and have every intention of paying it back as soon as they have more money to hand.  Reasons for such loans include unexpected car repairs, house repairs and other bills, whilst 8 percent of parents admit that their Christmas would not be particularly merry if it wasn’t for their children’s savings accounts.

The survey also uncovered that 60 percent of respondents have borrowed between £200 and £5,000 from their children’s savings accounts.  Of these parents, 40 percent did so in order to pay the bills, and a fifth did so as a means to paying for car repairs.  Furthermore, the money was reportedly used to fund a family holiday in 14 percent of cases, and to finance house repairs in 12 percent of cases.

The survey showed that 13 percent of parents are not aware of where else they can access money quickly, and virtually two thirds of parents only borrow money from their children’s savings accounts when they have no other option.  Nevertheless, 30 percent of parents feel ‘incredibly guilty’ for doing this, and 60 percent are said to be ‘worried about their child’s financial future’.

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Homeowners who are finding their finances tight at the moment, perhaps due to expensive credit card repayments each month, could consider taking out a secured loan to consolidate debt.  One of many finance options available, a secured loan for debt consolidation could relieve borrowers of multiple monthly repayments – leaving them with just one repayment each month.  This single monthly repayment could even be lower than the sum of current outgoings.  However, when taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.

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US_Credit_Kiesel_Picking_Winners_January -

I often want to ask older family members and esteemed members of my local 'society', "What the hell happened to the place?" What I mean is the American Empire. Read Niall Ferguson if you think otherwise. I am of an age that I am embarking on the timeless process of starting a family. My dear mom gave me the best Christmas present ever (ok, the bigwheel was cool...but it broke)

Anyhow, I digress, the pictures stirred up a lot of feelings and thoughts about living in this age vs my parent's glory days. Dad/Mom lived and made a family in a simpler time in my opinion. It really seems that things have fallen apart in this nation. What would Dad say? I am sure he would be pissed on a variety of topics.

The picture below is from the 30's but my Aunt(2nd mom) could take a similar picture today as she volunteers at a food bank in San Diego
Things are horrible for a lot of people. Healthcare for all US Citizens is in the bag but tens of millions don't have food tonight. 4m homes foreclosed this year. Another 4-5m expected 2010. We owe 13 Trillion via the US Treasury. Up 5T in 3 years. 10%+ unemployment..... on and on. Somebody wise/powerful warned us. Our 34th president gave an excellent farewell address warning us of some of the troubles we are in today





Too much and too little to say after this video. But I leave you with a happy picture
God bless you and all of humanity. Do something good today.

According to Alliance Trust, this month’s official inflation report revealed that November saw the headline rate of inflation rise from 1.5 percent to 1.9 percent.  However, the inflation rate affecting each group was found to be higher than this; particularly for 50 to 64 year olds and 30 to 49 year olds at 2.8 percent. This equates to being 47 percent greater than the official rate, and could be attributed to high inflation in transport costs, education fees and second hand cars.  In contrast, those over the age of 75 are reportedly facing the lowest rate of inflation for the second consecutive month at 2.3 percent.

Head of the Alliance Trust Research Centre, Shona Dobbie, commented: “As expected, inflationary trends have increased quite sharply this month, reflecting recent increases in petrol and food prices.  These price moves are having the greatest impact on the two working age groups, who spend a larger proportion of their budgets on the goods and services which are seeing high price increases.  The fact that the working age groups face an inflation rate of 2.8%, but average earnings have grown by only 1.2% over the last year, highlights the erosion of their purchasing power.”

Further findings include the fact that utility price inflation is still negative, sitting at minus 6.7 percent this month.  Furthermore, electricity price inflation (at minus 8.2 percent) and gas price inflation (at minus 5.9 percent) have both remained constant.  In addition, the report showed a continuing deflation in prices for clothing and audio-visual goods.

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Homeowners who are finding their finances tight at the moment could consider taking out a secured loan to re-organise their finances.  A secured loan for debt consolidation is one of many finance options available and could be used to tie up any existing credit cards and personal loans for example.  In taking this approach, borrowers could replace multiple monthly repayments with just one.  This single monthly repayment could even be lower than current outgoings. However, when taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.

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According to Direct Line Home Insurance, people are not as security conscious during the festive period. In fact, research has revealed that one in four people store their received Christmas gifts under their tree, which is where burglars would be most inclined to seek goods.  Furthermore, 74 percent of people keep their presents in unlocked wardrobes or cupboards – additional spots that are likely to be of interest to burglars.

It was also found that a typical adult will buy Christmas presents for ten of their relatives and dear friends, to the average value of £363.  When the adult population of 50,000,000 is taken into consideration, this means that Christmas gifts up to a combined sum of £18,000,000 could be at risk of theft.

Head of Direct Line Home Insurance, Andrew Lowe, commented: “Despite an ongoing recession, people in the UK aren’t feeling too much of a crunch on their festive shopping.  People are being selective about how they spend their festive budgets, even if it means trimming gift lists and setting prudent targets for their spending.  Only a very few people have called off presents altogether, and although money is tight for many, spending less means that they are still able to treat their loved ones to a little something special.

“With British adults spending nearly £400 each on gifts, many householders will find the value of their possessions has increased once they’ve stored their gifts for others and unwrapped their own.  Getting finances in order is a priority for many people’s New Year’s resolutions, and included in that goal should be a re-assessment of the value of the contents within their home to make sure that they have enough insurance should their favourite things be lost, stolen, or damaged.”

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Homeowners who are looking to re-organise their finances in the New Year could investigate the possibility of taking out a secured loan for debt consolidation.  One of many finance options available, a secured loan for debt consolidation could be just the solution for borrowers with several existing credit cards and store cards for example.  Multiple monthly repayments could be reduced down to just one, and this single monthly repayment could even be lower than current outgoings.  However, when taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.

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The Angel of Christmas Present Wishes You & Your Family a Merry Christmas! May Santa bring you joy and fond memories.

As the country experiences plummeting temperatures, esure home insurance is advising homeowners to ‘leave the heating ticking over but to turn the stop-cock off’ in the event of them going away.  This approach is believed to prevent the possibility of extensive water damage caused by burst pipes.

It has been reported that each claim for damage caused by burst pipes stood at an average value of £60,000 – primarily due to ceilings coming down and wreaking havoc.

Director of Claims at esure, Gordon Hannah, commented: “Last winter nearly every large burst pipe claim was a tragic blueprint.  Families had gone away, freezing weather had caused their pipes to burst and they returned a day or two later to the widespread destruction of their homes and personal belongings.  The cost of these claims is huge but the emotional impact and inconvenience to homeowners is worse.

“Many people think that they can’t turn the stop-cock off and leave the heating on but usually this is fine to do and it will completely prevent the source of water that can wreck a house.  Homeowners should just check their heating manual to find out more about their particular system.”

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Homeowners who are worried about the effect that the elements might have on their property could consider taking out a secured loan to rectify any areas of concern.  For example, if the central heating system is beyond repair it could be replaced by means of a secured loan for home improvements.  One of many finance options available, secured loans for home improvement could also allow homeowners to enhance or introduce adequate insulation, and replace any draughty doors or windows.

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Grandma's miracle product for her dentures should lend their slogan to Fannie Mae and Freddie Mac. Today's announcement from the Mortgage Bankers Association that 90%+ percent of loan applicants are applying for fixed mortgage rates on refinances and purchases has renewed my faith that people get it! These rates are unreal and can't last. NOTE:CLICK CHARTS FOR FULL SCREEN.
www.thegreatloan.com

Boring Mortgage Banker Talk Below:

Wed, 2009-12-23 10:39 — NationalMortgag...

The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Dec. 18, 2009. The Market Composite Index, a measure of mortgage loan application volume decreased 10.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 10.9 percent compared with the previous week.
 The Refinance Index decreased 10.1 percent from the previous week and the seasonally adjusted Purchase Index decreased 11.6 percent from one week earlier. The unadjusted Purchase Index decreased 13.4 percent compared with the previous week and was 32.7 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 0.2 percent. The four week moving average is down 1.0 percent for the seasonally adjusted Purchase Index, while this average is up 0.6 percent for the Refinance Index.

The refinance share of mortgage activity increased to 75.9 percent of total applications from 75.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 3.8 percent from 4.1 percent of total applications the previous week. The average contract interest rate for 30-year fixed-rate mortgages remained flat at 4.92 percent, with points increasing to 1.23 from 1.08 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.34 percent from 4.33 percent, with points increasing to 1.03 from 0.91 (including the origination fee) for 80 percent LTV loans.

The average contract interest rate for one-year ARMs remained flat at 6.52 percent, with points remaining unchanged at 0.39 (including the origination fee) for 80 percent LTV loans.

For more information, visit www.mortgagebankers.org.