Money Tips Network

You hear a lot about mortgages these days, but you don’t hear much about reverse mortgages. Reverse mortgages are a unique type of mortgage that’s limited in scope and who can qualify. Unlike a typical mortgage, which provides you with a loan to buy a home, a reverse mortgage lends the homeowner money from the […]

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Current mortgage rates are low, making the path to homeownership a reality for a wide group of potential homebuyers. Not only are rates low, but there are many different types of mortgages to choose from that come with low rates. Conventional loans are the most common, but what is a conventional loan, and more importantly, […]

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The unprecedented pandemic brought the importance of savings to light by hurting millions of Americans who did not (or were unable to) prioritize saving over spending. Those who had three to six months of expenses were more likely able to weather the storm. But how, exactly, can someone put away enough — and maximize their […]

The post How Much Should I Have in Savings? Answered. appeared first on The Simple Dollar.

Refinancing your mortgage may help you cash in on interest rate savings, lower monthly payments and even get you access to your home’s equity. Before you move forward with a refi, though, you need to know what situations a refinance is ideal for. Mortgage interest rates are extremely low right now, so the talk of […]

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Finding the best 30-year fixed mortgage rates for your next home loan can save you thousands of dollars over the course of your term. Your interest rate will determine how much you will pay each month and the amount of interest you’ll pay over the life of the loan, so minimizing your interest rate means […]

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The post A Look At How the U.S. Spent Covid Relief in 2020 appeared first on The Simple Dollar.

If you have to pay down debt, you know that it can be a long, hard road. Making it a bit of a game and celebrating is a way to keep yourself going …

(This post was published on November 5th, 2013, and has been updated.)

After blogging in the money niche for a while, I've read a lot of stories about people paying down debt. The utter relief — and emotion — of finally reaching the end of a long, hard journey are amazing to read about.

Prior to that story, though, it's hard work, planning, cutting, scrimping, laboring — and perhaps a lot of wishing and wanting. Wishing that they hadn't taken on so much debt on silly things, — or, unfortunately, wishing that the circumstances beyond their control hadn't happened to them. Wanting the financial struggle to be over so that every single purchase doesn't need to be a cost-benefit analysis.

The post How to Support Small Businesses During Covid: Help Them Go Cashless appeared first on The Simple Dollar.

The post Mortgage Rates Are at All Time Low; Where Are Rates Trending? appeared first on The Simple Dollar.