. When the loan comforms to the standards set by Fannie Mae and Freddie Mac, the loan is said to be aconforming loanand is guaranteed by either Fannie or Freddie. The guarantee from Fannie and Freddie is good thing for lenders, which helps you the borrower obtain a convetional mortage....
If you are worried about that your monthly mortgage payments could rise in the future, then fixing your mortgage rate remains a sensible choice. It means that it is important to shop around to find thebest fixed-rate mortage dealas rates could remain elevated for some time. However, now tra...
Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster. In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision t...
–realize that you might end up earning money after retirement (we earned over $75k in each of the past two years, even without formal jobs, saving all but the aforementioned $25k of it). –own assets other than stocks (I have rental real estate, REITs, international stocks, Lending Club...