Use our calculator to determine what your payments will be on your new home mortgage or refinance. Simply put in the loan parameters pertaining to the full loan amount, the term or lengh in years and the annual interest rate. Reasons that you might want to refinance your existing loan may be to lower your existing interest rate to reduce your monthly payments, reduce the term or lenght of your loan or to provide a means of consolidating your debt.
February 12th, 2010 by admin in Uncategorized | No CommentsHow much of a down payment do I need?
It used to be that you had to put down as much as 20% down on your home but this is no longer the case. Just like making payments on a new car, when putting down less then 20% you will be required to purchase home owners insurance so that the bank can protect their investment. Remember the higher your down payment the less your monthly payments are going to be. Remember the general rule is that the total of your monthly payments should not exceed 40% of your income.
February 11th, 2010 by admin in Uncategorized | No CommentsWhat is and isn’t protected from bank failure
Despite the recent headlines, bank failures are extremely uncommon. But if you’re concerned, here’s what you need to know.
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July 18th, 2008 by admin in Uncategorized | No CommentsFraud, identity theft grow at ATMs
It’s easy for crooks to rip you off at the cash machine, especially if you’re not paying attention. And your PIN won’t offer the protection you might assume it would.
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July 17th, 2008 by admin in Uncategorized | No CommentsStruggling Americans raiding 401(k)s
A study finds middle-class families are turning to retirement money to get through financial crises such as unemployment and medical emergencies.
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July 16th, 2008 by admin in Uncategorized | No CommentsHow safe is your money, and how to protect it
The chances are your bank is not going to shut down overnight.
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July 16th, 2008 by admin in Uncategorized | No CommentsWhere Americans do (and don’t) cut
Consumer confidence is in the gutter, inflation is on the rise and the economy is struggling. But even as consumers cut back on spending, there are some things they refuse to give up.
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July 16th, 2008 by admin in Uncategorized | No CommentsRetired? Build your own portfolio
Question: I’m about ready to retire and I’m worried about rolling over my pension and my 401(k). Do you recommend self investing with one of the low-fee investment companies like Fidelity, Charles Swab, etc. or one of the high-end fee companies like Smith Barney, UBS, AG Edwards etc. to get more for my buck in the long term and for the rest of my life? Is 1.4% to 2.5% a reasonable annual fee?
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July 16th, 2008 by admin in Uncategorized | No CommentsHousing rebound: When to spot one
This is already one of the worst national housing downturns in half a century. But what’s really scary is that judging from the still-huge overhang of unsold homes - one of the key indicators of the market’s prospects - things could get worse. In fact, much worse if the economy slips into recession.
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July 15th, 2008 by admin in Uncategorized | No CommentsWhere Americans will (and won’t) cut back
Consumer confidence is in the gutter, inflation is on the rise and the economy is struggling. But even as consumers cut back on spending, there are some things they refuse to give up.
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July 15th, 2008 by admin in Uncategorized | No Comments