Money Tips Network
Reverse Mortgage: What Are the Requirements?
Reverse mortgage requirements say that a borrower must be at least 62 years old, owe little on the home, and use the property as their principal residence.
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Americans Still Feel Pressured to Spend More on the Holidays
We wanted to know if Americans were still feeling pressure to spend more than they’re comfortable with this Holiday season. We surveyed 796 people throughout the country to find out what the holiday spending dynamic is like this year, read on to learn our findings.
The post Americans Still Feel Pressured to Spend More on the Holidays appeared first on The Simple Dollar.
Student Loan Fact Sheet 2021
As total U.S. student loan debt rapidly approaches $1.7 trillion, millions of Americans are seeking guidance on how to approach this ballooning portion of the economy. The following key pieces of information will help you on your path to understanding this aspect of the American financial landscape. Unless otherwise stated, these statistics pertain to federal […]
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Reverse Mortgage vs. Home Equity Loan
Reverse mortgage vs. home equity loan: which one is better? We go over the facts to help you decide between reverse mortgage, HELOC and home equity loan.
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Best Small Business Loan Rates of 2020
The best small business loan rates of 2020 American Express: Best for Credit Card Customers SmartBiz: Best SBA Loans OnDeck: Best Online Term Loans Bank of America: Best Equipment Financing Loans BlueVine: Best for Fast Funding Funding Circle: Best Good Credit Term Loan Small business loans at a glance Lender APR Loan Amount Terms Eligibility […]
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Why You Shouldn’t Fear Higher Tax Brackets
When tax brackets are shown in news reports, they often come with a gasp of fear. A high tax bracket is shown, and it’s pointed out that people with a certain income will be in that tax bracket, leaving the implication that someone making a good income will have to pay a huge amount of […]
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What Is an ARM Loan
An adjustable-rate mortgage may offer a low introductory rate, but it comes with unpredictable future payments if interest rates rise.
The post What Is an ARM Loan appeared first on The Simple Dollar.
Refinance Your Fixed-Rate to ARM Mortgage
When refinancing, most people opt for a fixed-rate mortgage, but an ARM refinance could give you access to even lower rates.
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How to Get an FHA Construction Loan
FHA construction loans are designed so that you can roll the costs of either building a home or renovating one into a single mortgage loan product. Even better? FHA construction loans come with lower credit requirements, which makes qualifying for them an easier task, read on to learn more.
The post How to Get an FHA Construction Loan appeared first on The Simple Dollar.
7 Common Investing Mistakes and How to Avoid Them
In 1720, Isaac Newton made a fatal investing mistake: he sold off his safe investments and bought shares in the South Sea Company. It had jumped eightfold in the preceding months, and he wanted to get in on the profits. Unfortunately, the market turned rapidly, and by the end of the year, Newton had lost […]
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No credit check installment loans
Unexpected expenses and events put stress on both finances and families — especially if your bank balance isn’t looking great and bills can’t wait. Personal loans offer one way to solve this short-term problem, but with most lenders approving borrowers with good credit scores, not everyone can access this option. No credit check installment loans […]
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Find Out Which Mortgage Is Right for You: Comparing Conventional, FHA and VA Loans
Conventional, FHA, and VA loans are popular choices for financing a home, each with its own set of pros and cons.
The post Find Out Which Mortgage Is Right for You: Comparing Conventional, FHA and VA Loans appeared first on The Simple Dollar.
What To Do With Your Tax Refund
As the tax filing season approaches, many people are looking forward to getting their tax return filed, so they can get that long-awaited tax refund check in the mail. That envelope from the IRS comes with a big question: what should I do with my tax refund? And, perhaps just as important, what shouldn’t I […]
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The Founding Fathers Didn’t Anticipate Billionaires
It’s quite expensive to found an entirely new country. In Tom Shachtman’s book The Founding Fortunes, he explores how the founding fathers prioritized opportunity for every level of social class and how capitalism got its start. Shachtman defines an ideal — individual economic patriotism — as a “willingness to forego one’s own material gain to […]
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Best Secured Personal Loans
Need to borrow some cash for an unexpected financial need or a major purchase? Secured personal loans are a great option to fill your funding needs that come with great rates and easier approval than some other forms of lending. And while these are awesome things to hear, there is some additional risk that comes […]
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How to Refinance Into a VA Loan
Refinancing to a VA loan can reduce your monthly mortgage payment, but you need to meet certain eligibility requirements to do so.
The post How to Refinance Into a VA Loan appeared first on The Simple Dollar.
The GRS Holiday Gift Guide
Every year at about this time, I start getting questions by email and social media — and even in Real Life: “Do you have any personal-finance or money-related gift ideas?”
I know how tempting it can be to choose gifts that encourage smart financial choices. You look at the poor decisions your brother or sister have made, and you feel like you could help. If only they would read this one book that helped you so much!
I get it. I've felt the same way. After all, my financial turnaround is a direct result of reading two books that were gifted to me by friends: Your Money or Your Life and Dave Ramsey's The Total Money Makeover.
Alliant Credit Union Mortgage Review
Today, Alliant Credit Union provides a fully online mortgage experience to home buyers. The lender boasts competitive rates and perks that include 0% down payment loans for first-time homebuyers.
The post Alliant Credit Union Mortgage Review appeared first on The Simple Dollar.
Latest PPP Data Raises Questions About the Distribution of Loans
Signs of mismanagement and questions of fraud led to months of litigation to reveal the data behind the Paycheck Protection Program. Claims from the Trump administration stated that exposing this information would be a privacy violation, though a judge ruled in favor of the news organizations seeking this data under the Freedom of Information Act. […]
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Guide to Home Insurance Under Undocumented Status
As an undocumented immigrant, you may struggle to get ahold of the financial products and services others are eligible for. You may fear that homeownership is outside of your reach as well, but that’s far from the case. In fact, data from the Migration Policy Institute shows that more than 3 million undocumented individuals own […]
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