Now might be just the right time to refinance your mortgage. Even if you already have a low interest rate mortgage, you could still benefit, thanks to the record-low rates that are present right now. Indeed, even someone with a 5% interest rate on a mortgage could save money, since rates on 30-year fixed mortgages [...]
We cannot change the cards we were dealt, but we can certainly increase our chances of success by changing how we play the hand. Tweaking our outlook can dramatically improve our life. There’s no doubt about it. In fact, there are plenty of tricks we can employ to improve our finances by adjusting how we [...]
Not too long ago, Fed Chair Ben Bernanke said that he expects a policy of low interest rates to persist. As a result, it looks like savers won’t get a break for a while. Making the most of your cash continues to be difficult with even high yield savings accounts offering a yield of right [...]
This is Veoletta’s story on how she was able to retire early. She will be sharing her financial tips from time to time on MoneyNing. I began planning for retirement when I was 24. I knew I would never have a job that provided a pension or medical benefits so I bought a three unit [...]
It’s a deceptively simple question: do you want to own your home in 15 years or 30? We all know the pros and cons of each term — the shorter mortgage term has higher monthly payments, but you build equity more quickly and pay less over the life of the mortgage, whereas the 30 year [...]
Mortgage rates are near historic lows. Predictions that credit downgrade for the U.S. would send mortgage rates soaring haven’t come to pass (not yet, at least). So far, there are still chances to get incredibly low mortgage rates, whether you are buying a home, or refinancing your current mortgage. However, before you get too excited [...]
