Friday, December 07, 2007

Get a loan

If I had, say, $500,000, I'd pay off a few bills and sock some away in a jumbo 5-year Certificate of Deposit (CD) before the feds tank the interest rate--bailing out the mortgage industry with their sub-prime loan mess (remember the savings and loan debacle?)
I'd save a little too for the stock market because I always imagined myself delving into that. However, loans don't come a dime a dozen. You have to qualify and then after you qualify you should Compare loans to make sure you are getting the best rate.
I'm looking for one of those Unsecured loans because it doesn't require collateral--something I'm kinda short on.
Considering today's housing market, I'd have to have more than a half-a-million dollars to consolidate some debt and stuff and buy a house.
Homeowner loans in this market require immaculate credit.
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