It's also important to know how to respond to an offer when you have received more than one. Contact the hiring managers as soon as you receive the job offer and let them know that you are carefully considering the offer but have also received another job offer with a different organizatio...
So in this piece, we’re going to explore what salary you need to earn to afford a $600,000 home, what your down payment should be, where to find homes in this price range and more. We’ll also cover the risks of buying a (relatively) high-value home, today’s mortgage rates and...
How to Undo Early Social Security Changing course on claiming Social Security is doable, with more options than you might expect. Brian O'ConnellNov. 26, 2024 5 Challenges for LGBTQ+ Retirees LGBTQ+ retirees face financial uncertainties, health care challenges and concerns about federal marriage ri...
Let’s go over five not-so-secret but super helpful tips for making that happen. 1. Make extra house payments. Okay, you probably don’t need me to tell you that every dollar you throw at your mortgage payment puts a bigger dent in your principal balance. And that means if you make...
Most of Daugs' clients try not to carry debt on things like cars or boats to avoid paying years of interest on something that quickly depreciates in value. However, they maycarry a mortgageon their primary home. "This is especially true in this current low interest rate environment," Dau...
This method is also called “the balanced money formula,” as it can help you strike a healthy balance between saving and spending. What is the 50/30/20 rule? The 50/30/20 rule is a simplified budgeting method designed to help you better manage your spending while also stowing away ...
While balance transfers can help you get out of debt, you get the most benefit if you pay off your balance before the intro period ends. Before you make a balance transfer, take time to familiarize yourself with the terms associated with your offer. That includes the expiration date of the...
ve had it a while.Consumers keep their savings accountsfor an average of nearly 17 years, according to a January 2022 Bankrate survey, but if the current account charges monthly fees or pays a subpar annual percentage yield (APY), it’s worth some inconvenience to find a new account that...
You should shoot for a down payment of at least 20%—that’ll keep you from having to pay for private mortgage insurance (PMI). PMI is a yearly fee that runs about 1% of your loan balance, so avoiding it will save you big-time money. Plus, a bigger down payment means smaller monthl...
Find a Lender Borrowers should seek out acash-out refinance lenderwilling to work with them. The lender assesses the current mortgage’s terms, the balance needed to pay off the loan, and the borrower’s credit profile. Thelendermakes an offerbased on an underwriting analysis. The borrower ge...