Getting an adjustable-rate mortgage:This is when a borrower is locked in at one rate (usually lower) before having it change later in the life of the loan. The changes can be drastic, jeopardizing the owner's ability to make timely monthly mortgage payments. Fixed-rate mortgages, meanwhile,...
Many homeowners don’t allocate enough for those expenses that happen to “pop up” from time to time out of the blue. Most first-time home buyers don’t realize all theother costs when purchasing a home. If careless, you could easily find yourself in a poor house without budgeting correc...
When a couple gets married, state law provides certain rights and responsibilities–that’s the contract of marriage. When getting divorced, the court system is set up to evaluate those rights and responsibilities as they relate to whatever assets are owned at the time of separation. What did t...
At the same time, if buyers wait and rates rise — or even if the Fed simply hints at potential rate rises — the mortgage rate climate will become even more costly than it already is. So don't wait for that to happen. Get started with a mortgage here now.Not...
Panicking and selling when the market goes down. Only putting $10,000 into some start-up called AOL. Bought and lost a bundle on companies that I had no idea what they did (I don't even want to think about the dot.coms). Not getting out of the market in 2000. Lost a lot of mo...
“Lifestyle creep can happen to anyone if measures are not taken to avoid it,” she said. “When your spending continues to increase with your income, it makes previously unnecessary purchases seem necessary. “Some people spend more to keep [up] with friends, while others do it for ...
As that tried and true saying goes, “The only thing we have to fear is fear itself.” But when it comes to managing your money, fear can be costly in terms of lost interest as a result of not putting your money in aninterest-bearing savings account. ...
It’s bad enough that people are prone to making the same mistakes more than once, even more so when it comes to matters of the pocketbook. As previously reported, the common savings mistakes that keep reappearing like a ghost in an old mansion: ...
1. Trying to scrape by without a plan A financially secure retirement won’t just happen to you. You have to craft a carefully considered plan, and then stick to it. And that means you’ll need to answer questions such as these: ...
With 100 days to go, and a bomb-throwing GOP candidate seemingly careening toward self destruction, anything could happen, but the face-off between Donald Trump and Khizr and Ghazala Khan, the Gold Star parents of slain war hero Humayan Khan, may well go down as the most memorable portrai...