Loan


How To Develop Your Budget

After you have shared the rationale for your budget it is essential that you stay humble about it. Yes you will see your mint and personal capital balances grown and grow, but you need to keep that success to yourself. The best defense for your budget is to keep it on the down low. Bring it up only on an as needed basis, it isn’t something people want to hear about often. Trust us we have been there. There are differences, and the temptation can always be to assign a higher value to the way you do things. We tend to get ethnocentric when it comes to our money. More >>>

Ongoing Growth in Residential Construction Loans Points to Additional Expansion

However, increased availability doesn’t mean looser terms. Many banks still won’t lend for as large a percentage of a project’s total cost as they would during last decade’s boom. And some banks want guarantees from builder executives to personally repay loans if their companies can’t, a proposal at which many builders balk. More >>>

When Will I Get My Tax Refund?

If the idea of a larger tax refund sounds appealing to you, then you may wish to open a Traditional IRA, which can not only help you save money for retirement, but it can also help you receive a larger tax refund, as up to $5,000 worth of contributions are tax deductible ($6k if you are over 50 years of age). Reducing your taxable income by several thousand dollars is worth a nice chunk of change in your tax return next year. More >>>

Where to Look for Savings Account Options

Due to the extremely low interest rate policy (which directly impacts your bank’s savings rates) from the Federal Reserve, low interest rates on savings accounts will be here for a while. Rates have even been dropped further going into this year. The Fed Funds rate is the rate that banks lend money to each other overnight. This rate, which affects all other interest rates, has been held artificially low in my opinion, and is now effectively zero. More >>>

Here are some questions about the HARP refinance program

Still, about 700,000 borrowers remain eligible and are considered “in the money,” according to the F.H.F.A. — that is, they would benefit financially from the program. (Typically, those who may benefit have a mortgage balance of at least $50,000, with 10 years or more left on the loan, and an interest rate above current market rates.) On average, the program saves borrowers about $200 a month, the housing finance agency says. More >>>

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