Be Prepared, Not Scared
Guest Post Written By Mackey McNeil of Mackey Advisors Money is a fact of our everyday lives and in order to live happy, prosperous lives we must be financially literate. Sadly, the data tells us that as a society we are not properly preparing ourselves or our children. This means every day money creates unnecessary [...]
In January 2013, the Consumer Financial Protection Bureau released a new mortgage regulation, which sets forth stricter underwriting requirements for mortgage lenders. The regulation requires lenders to ensure a borrower’s ability to repay a loan by taking a variety of underwriting precautions, including verifying income and assets and increasing debt-to-income ratios. The regulation implements sections [...]
April is Financial Literacy Month so we thought we’d share some of our favorite resources with you (better late than never right?). Many organizations offer information that is either specifically addressed to women or can help with issues that often create special challenges for women. Here are a few resources you might find useful. First [...]
Typically, lenders require a down payment of 20 percent of the home’s purchase price. However, some special mortgage programs allow you to purchase a home with no down payment, such as Veterans Administration (VA) mortgages (if you are a qualified veteran) and no-down-payment or 100 percent financing mortgage programs. VA mortgage terms are generally favorable [...]
What I have learned over the last twenty-plus years in my conversations with clients and with audience members of lectures I have given across the globe is that there are four typical answers to this question of why too many of us shy away from such a critical topic. The four most common responses are [...]
According to www.bankrate.com, if you only make the minimum payment on a $8,400 credit card balance at 15 percent interest, it will take more than twenty years and nearly $16,700 to pay off the balance plus interest. You may want to consider visiting www.bankrate.com or another financial Web site for access to calculators that will [...]
