When you’re working and paying some of your salaries into a pension every month, you probably don’t give it much thought. But as the time to retire draws near, there are decisions to be made on how to use the money that you’ve been putting aside in your pension over the years. How much you...
Your mortgage is probably not only your biggest expense but your biggest financial commitment time-wise—up to 30 years for many of us. Having that payment hanging over your head every month for that amount of time can be a bit stressful and paying down this debt more quickly is appealing to many. Your home will...
The decision to use the services of a professional mortgage broker is a wise one. A broker can assist you in shopping around to find the best loan terms possible for your upcoming purchase and refinance loan request. This can help you to save money on your loan over the long run. Further, a broker...
Of late, annuity plans have become quite popular in comparison to other retirement products, particularly among those people who are not ready to sacrifice a part of their retirement savings. However, there are some downsides to it as well. My pension expert is dedicated to making you familiar with the whole concept. 1) Pros of...
Most people are fairly indifferent about their bank account. This is a mistake, really, since the right account can help you immensely during hard times. Especially if you’re dealing with financial conditions that threaten to deny you the opportunity to meet some of your most basic financial needs and goals, at least knowing that your...
When the economy in the United States started to take a turn for the worse in 2008, the housing industry was at the forefront of the problem. Being a bit more specific, it was the mortgage industry that took down a good amount of once-profitable banks, throwing the whole housing industry into turmoil. But how...
In light of the housing bubble and other financial disasters, it is understandable that, although homes now cost less, mortgages are just that much harder to attain. You’re probably in like white on rice if you have good credit though, so hit up CreditKarma to get your free credit score and make sure. If your...
Reverse mortgages are a way for retirees to release part of their home equity in the form of either a monthly payment, cash lump sum, line of revolving credit, or a combination of all three. These mortgage products have grown in popularity since their creation and now over 600,000 loans are outstanding moment. Although a...
Are you facing credit problems in the event of bankruptcy or a home foreclosure? Or is that your credit score has dropped as a result of payment failure? Gone are the days when bad credit hindered your loan approval and lenders reluctant to approve your loans. Mortgage loans for people with bad credit have dissipated...
There has never been a better time for many people to try their hand at securing a mortgage to get into the real estate game. When housing prices are down it becomes much easier for first-time buyers to break into the market and start building their equity. Whether you’re looking for a home for your...