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 […]
Borrowing huge amounts of money to purchase a home has become the norm in our society, which makes picking the right mortgage one of the most important decisions you will ever make. The perfect solution that works for every situation do not exist, but luckily, there are many rules of thumbs that can help guide […]
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 […]
When my husband and I relocated to Indiana last summer, we went through the grueling process of selling our house in Ohio and buying a new one in our new town. In addition to the stress of packing, moving and preparing our beloved old house for sale, we were incredibly surprised by the number of […]
