Personal Finance ResourcesPersonal Finance ResourcesFree help and information to guide you in your personal finance and investing goals. Articles
Home Equity Line of Credit FAQ
2007-08-17 15:10:00 A home equity line of credit, simply defnied, is a revolving line of credit, or loan that is taken against the equity that you have built up in your home, and can be obtained from most mortgage companies and banks. In most cases, with a home equity line of credit, you can borrow up to 95 ... More About: Credit , Home , Home Equity Line of Credit , Line , Equity
Buying a HUD Home Part 2: How I Acquired 4 Homes in Under 2 Years
2007-08-16 15:28:00 Previous Articles in this series: Buying a HUD Home Part 1: How I Acquired 4 Homes in Under 2 Years On to Buying a HUD Home Part 2: How I Acquired 4 Homes in Under 2 Years: 1. Knowing the HUD Listing System You must understand that, like most government systems, there is no emotion or logic to the ...
Buying a HUD Home Part 1: How I Acquired 4 Homes in Under 2 Years
2007-08-16 15:13:00 Buying a HUD Home can be a daunting task. There is a lot of red tape surrounding anything that involves a federal agency. In this post I am going to reveal the exact method I use to effectively buying HUD homes at significantly discounted prices. In less than 2 years, I have effectively acquired 4 HUD ... More About: Buying , Homes , Part , Years
Unsecured Line of Credit Usage and Cautions
2007-08-15 15:20:00 My views of credit, especially unsecured credit, are particularly negative. However I am a proponent of the unsecured line of credit. My primary recommendation for the use of an unsecured line of credit is for protection, in other words using it to guard against overdraft. I myself, have and maintain an unsecured line of credit. Through my ... More About: Credit , Usage , Line , Cure
Term Life Insurance vs Whole Life
2007-08-14 15:17:00 Term life insurance vs whole life is a well debated subject. What I hope to accomplish with this post is to give you a few facts, and my opinion on the best option. But with regard to term life insurance vs whole life, it really will depend on your goals for the future. I have compiled a ... More About: Life , Insurance , Life Insurance , Term , Term Life Insurance
Definition of Whole Life Insurance
2007-08-14 15:13:00 Whole life insurance is one of several types of life insurance you can purchase. Simply defined, whole life insurance is permanent insurance that will last as long as the person lives and keeps paying the premiums. Whole life insurance is designed to provide protection for the whole life of the insured person. Whole life insurance ... More About: Life , Insurance , Life Insurance , Definition
Term Life Insurance Definition
2007-08-14 00:31:00 Just exactly what is term life insurance? Why would I consider it? And why is my insurance agent pushing whole life over term life insurance? In this post, I want to help you understand the term life insurance definition, and why I prefer it over whole life. Term life insurance is just what the name implies, life insurance for ... More About: Life , Insurance , Life Insurance , Definition
529 Account Pros and Cons
2007-08-13 15:15:00 First of all, what is a 529 account really? And what advantages will it give me? These are good questions which I will attempt to answer today. A 529 account is a state sponsored plan that allows families to save money towards their children’s (or their own) college education, while being able to invest the money and ... More About: Account , Cons
Personal Tax Planning: Don?t Miss These Write Offs
2007-08-10 15:03:00 How many times have you completed your taxes, and then found out later that you could have gotten extra deductions if only you had paid just a little more attention, and you missed your opportunity for more cash back? It’s aggravating, and it doesn’t have to happen to you. It is always a good idea ... More About: Personal , Planning , Write , Miss , Persona
Identity Theft Credit Cards: What CC Companies Do to Protect You
2007-08-09 15:29:00 With so much information at your fingertips these days, identity theft has become a huge issue in the United States and credit card companies are looking to help their clients avoid identity theft at every turn. Identity theft credit cards provide protections available to you for no extra cost, and give you that added security to put ... More About: Companies , Credit Cards , Credit , Identity Theft , Theft
How is Credit Card Interest Calculated?
2007-08-08 17:51:00 It is important to know how credit card interest is calculated. It is not calculated the same way that a CD or an interest bearing savings account is calculated. The key problem for the consumer is that the credit card interest rate is calculated daily. I’ll will explain more in a minute on this. First let’s ... More About: Card , Credit , Credit Card , Interest , Calculate
Tips for Monthly Saving Part 1
2007-08-07 15:28:00 Does it seem like you just can’t get ahead? Like its paycheck to paycheck, and zero room for errors? I’ve been there. When I was in college, I was living on 59 cent bread and 49 cent lunch meat. I could barely make rent and pay payments on the thousands of dollars I racked up ... More About: Tips , Part , Saving , Ving , Month
Free Home Budget Spreadsheet
2007-08-03 15:45:00 I am proud to introduce my user friendly, simple, free home budget spreadsheet. I took the home budget spreadsheet that I have been using for the last few years, and modified it so that it is dirt simple to use, and helps you to predict your future savings! Just a few instructions to follow, to ... More About: Home , Free , Budget , Spreadsheet , Spread
Does it Pay to Buy a Hybrid Car?
2007-08-02 17:16:00 Ever thought that 60 miles per gallon would cut your monthly gas bill in half? Me too. The idea of the hybrid is almost too good to be true. And from a financial standpoint, it is too good to be true. The following information is a cost comparison between the Honda Civic Sedan and the Honda Civic ... More About: Hybrid , Hybrid car
Mortgage Calculator Refinance Breakeven Point
2007-08-02 15:09:00 The following mortgage calculator will allow you to easily find the number of months and/or the number of years it would take to breakeven on your refinance investment (number of months and/or years at the new discounted payment to recoup the closing costs), as well as what your new mortgage payment would be. This calculator will also provide ... More About: Calculator , Mortgage , Point , Refinance , Finan
Definition of Mutual Funds and the Importance of Diversification
2007-08-01 17:21:00 A mutual fund, simply defined, is an investment vehicle which allows a group of many different investors to pool their money together with a clear financial objective - to make money. It consists of an extensive collection of stocks and/or bonds, which is managed by a professional or group of professionals called an investment advisor. The mutual fund was ... More About: Mutual Funds , Definition , Funds , Diver , Diversification
Reverse Mortgage HECM
2007-08-01 15:53:00 A Reverse Mort gage HECM, sometimes referred to as a Home Equity Conversion Mortgage (HECM), is a special type of home mortgage that lets a homeowner convert a portion of the equity in his or her home into money in their pocket. Simply put, a reverse mortgage is the exact opposite of a regular mortgage. The lender pays ... More About: Reverse Mortgage
Personal Budget Guidelines
2007-07-31 16:11:00 In this post, I would like to present personal budget guidelines, and hopefully, point out some potential holes or problems in your budget. The goal here is of course, to help you find ways to increase your disposable income, or the amount of money left over after all bills are paid. After reviewing this post, I ... More About: Personal , Budget , Guidelines , Persona , Guideline
Contribute to an IRA - A Building Block for Retirement
2007-07-30 15:58:00 Why contribute to an IRA? Because the government has allowed us to contribute on a tax deferred or tax free basis to our retirement. Anyone who is risk averse (wants to maximize return without giving up too much risk) should be involved in some type of IRA. There are two types of IRA s, the ... More About: Building , Retirement , Contribute , Block , Retire
FHA Loans Information
2007-07-27 22:34:00 FHA loans were originally created for the first time home buyer as an assistance program. FHA (Federal Housing Administration) began “backing up” or insuring certain loans for mortgage companies, savings and loans institutions, banks and other lenders to convince them to lend to first time buyers. The program worked so well, that it is now ... More About: Information , Loans
Save Embarrassment with Online Credit Counseling
2007-07-26 22:06:00 If you have been struggling to get rid of harassing creditors, then online credit counseling may be the way to go. Online credit counseling can be purchased, but there are also free and non-profit organizations available. You can go to a credit counselor if you like, but going in to see a counselor face to ... More About: Credit , Save , Credit Counseling , Barra
Interest Only Mortgage vs Typical Financing
2007-07-25 16:09:00 An interest only mortgage can be a valuable investment tool. However, you must be very cautious using this method. There are many dangers surrounding the use of an interest only mortgage. In a nutshell, an interest only mortgage is a mortgage that the borrower makes very small monthly payments (to cover interest only) and then ... More About: Financing , Mortgage , Interest , Finan , Fina
What is an Interest Only Mortgage?
2007-07-25 15:10:00 The interest only mortgage is a relatively new term, and not many homebuyers are aware of its existence. An interest only mortgage is the only type of mortgage loan that has regular monthly payments that are only applied towards interest on the loan, and not the principal for the first years of the term of the loan. The advantage ... More About: Mortgage , Interest , Eres , Mort
What is a Traditional IRA?
2007-07-25 02:09:00 A Traditional IRA (Individual Retirement Arrangement) is one of the most popular methods Americans use to save for retirement since it is an extremely versatile and simple. A Traditional IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. Taxpayers want to invest in an IRA, but when it comes to understanding which one is ...
Guaranteed Car Finance - Fact or Fiction?
2007-07-24 16:05:00 Guaranteed car finance companies have helped thousands of customers who have different past credit problems to finance the purchase of a new or used car. Some people need guaranteed car finance simply because they have no credit history. So, thank goodness for guaranteed car finance arrangements whereby you can find a car you like and drive it out of the showroom ... More About: Finance , Fiction , Fact , Finan , Fina
Should I Buy a New Car or a Used Car?
2007-07-23 19:15:00 Deciding whether to buy a new or a used car can be difficult. When considering your options, which of these three do you fall under: I am looking for a particular car, and am not concerned with its depreciated value over time. I am looking for a balance between investment value and features/preferences. I am looking for a ...
Simple Guide to Real Estate Investment Property Evaluation
2007-07-20 17:11:00 In this post, I am going to show the exact steps I take to evaluate a potential real estate investment property. The focus will be on single family residences, but this method can be applied to other types of property. Also, I am going to include the actual spreadsheet I use to input the obtained ... More About: Estate , Real Estate , Real Estate Investment , Property , Investment
What is a Roth IRA?
2007-07-19 00:48:00 The Roth IRA is relatively new to the investment world, having only been on option since January 1, 1998. It was created as a result to the Taxpayers Relief Act in 1997 to help Americans better save for their retirement. For some people (I generally think that in the long run, the Traditional IRA is the ...
Credit Repair Basic Steps
2007-07-19 00:38:00 Credit Repair is generally the process of bringing “back to life” your credit history and raising your credit score. Credit repair is the process of restoring your financial reputation. Credit repair is completely legal as long as you follow the rules and guidelines provided by The “Fair Credit Reporting Act”. The “legal” steps to credit repair include: Obtaining ... More About: Credit Repair , Credit , Basic , Steps
Picking Partners for Real Estate Investing
More articles from this author:2007-07-18 21:42:00 Now don’t misunderstand me here. I am not trying to say that having a partner(s) is a bad thing when investing in real estate, in fact, many times it is a great thing. Partners help to limit the risk of a particular real estate deal, and can provide alternate opinions, and bring needed capital to ... More About: Estate , Real Estate , Real Estate Investing , Investing , Real 1, 2, 3, 4, 5, 6, 7 |
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