What do I need to know about Adjustable-Rate Mortgages? An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that your monthly mortgage payment could go up or down over the life of your loan. ARMs […]
View moreFinancing a Home Renovation with a Home Equity Loan
Q: I’m doing some home renovations, and I’m not sure how to finance it all. Do I take out a loan? Should I just charge all the expenses to my credit card? There are so many options! Which one makes the most sense for my […]
View moreCreative Ways to Save on Energy Costs
Summertime electricity bills making you sweat? Take the heat off with these hacks: Rethink your roof – Is your roof wearing black in ninety-degree weather? Install a sunlight-reflecting “cool roof” and reduce your roof’s temperature by up to 60 degrees. You’ll slash your AC use [...] View more
The First Steps to Take if you Can’t pay your Mortgage
Over a few weeks, the talk about mortgages turned from how to best take advantage of record low interest rates to how to handle a mortgage without income. More than 22 million Americans have filed for unemployment in the past five weeks. Lenders are dealing with […]
View moreShould I Buy a House During a Pandemic?
Q: I’ve been planning to buy my first home this spring, and I’ve spent years preparing for this purchase. Now that the coronavirus has had a negative impact on the economy, I’m wondering if I should go through with my plans. Is it a good […]
View moreSmart Financial Planning Strategies to Borrow from Women and Millennials
on Business , Community , Debt Reduction , Financial Planning , Homeownership , Jobs , Life Events , Money Management , Retirement Author Jean Chatzky We have so much to learn — but so did they. Here’s what they’re doing right. Lately the headlines in personal finance have been pretty bleak — the average 2017 graduate has nearly $40,000 in student loans, millennial homeownership is down, and 39 percent […]
View more