Mortgage insurance is also known as private mortgage insurance or mortgage title insurance. Investors such as Fannie Mae and Freddie Mac have set parameters for mortgages before they are purchased. One such parameter is that mortgages must have a loan to value ratio of at least 80%, which ...
Life insurance gets more expensive as you age. Policy benefits provide an instant estate for your beneficiary upon death. Money from the life policy can be used to pay the mortgage, college funding, and daily living expenses. Keeping your loved ones secure in a community where they have come...
Dr. Rachel Newcomb is an award-winning writer and the chair of anthropology at Rollins College. She has over two decades of research experience both internationally and domestically. She has published multiple books and articles on USA Today, HuffPost, The Economist and The Washington Post. She ...
cross-country from Orlando to California. I persuaded the bank to allow me to do a short-sale of my Florida home. And stopped paying the mortgage, citing hardship as my salary was reduced by ⅓ at the new job. I kept up all utility, pest, and lawn maintenance for the Florida ...
Free complimentary servicesfor those in needincluding medicaid recipients, elderly with only SSI, or with loss of your household member this year. We have clients all over the state, in other states, and out of the country. FOR APPOINTMENTS, < GO HERE.Ask anything/ Anytime. with contact for...
1. Theaccumulation phase, a total of six years, four of them laser-focused, of aggressive saving and mortgage paydown, to build our assets to support early retirement without ever needing to earn income again. (Completed) 2. Theearly retirement phase, when we’re living somewhat modestly off...
mortgage but I still carry my main mortgage. I did it simply based on interest rate – the rental was higher. We have the money to pay off the mortgage set aside, but so far the money is making more than the mortgage interest so we have been leaving it alone. That could change – ...
around all the kid-related plastic without being the “no you can’t have it” parent. While I don’t have kids, I do have an idea. How about swapping toys with other families or using an online swapping site to find toys your kid wants and swap those s/he doesn’t play with ...
A life estate is a form of joint homeownership shared between a life tenant and a "remainderman." The remainderman has an ownership interest but can't take possession until the life tenant's death. The life tenant can live in the home but can't sell it or mortgage it without the agree...
If you still have a lot of outstanding debt obligations (like a mortgage) or have children or a spouse that is dependent on you, keeping life insurance is a good idea. If you have considerable assets—enough to trigger estate taxes—life insurance placed in an irrevocable trustmight be a w...