Even though property has appreciated rapidly over the last 5 years, it’s still a good time to consider real estate for investment. And if you are a first time homebuyer, you are probably very excited about the prospects of owning your own place instead of renting. Still, you need to be careful. There are at […]
Six Reasons to Make a 20 Percent Down Payment on a House
It is common for homebuyers to purchase homes with minimum down payment loans. 5% down, 3% down and 0% down have become popular, especially with first-time homebuyers. But if you’re interested in achieving financial independence, you might want to rethink minimum down payment loans. This is even more important than the question of taking a […]
What Is Mortgage Life Insurance? Is It Worth It?
Private mortgage insurance is a fancy name for life insurance. It pays off your mortgage – whatever the balance – if you die. While it sounds spicy, it’s not always a very good deal. Before we dive in, let me be clear the private mortgage insurance is not PMI mortgage insurance – which is also commonly referred to simply […]
5 Non-Financial Reasons to Work After Retirement
Even though you may not need to generate extra income during retirement, you may want to work after retirement anyway. And your reasons may have nothing to do with money. This will be especially true if you decide to take some form of early retirement. What are some of the non-financial reasons you might want to […]
How to Stop Your Spouse From Spending Too Much
In a perfect world, couples will align their finances in complete harmony before getting married. It can be a huge problem if your partner is in the habit of spending too much. After all, finances are a major part of the marriage, and if you are not on the same page it could spell disaster. […]
How to Borrow From Life Insurance
One of the biggest benefits of having a whole life insurance policy is that it can potentially build up cash value – in addition to the death benefit. If the policy does accumulate cash value you may borrow against it and you may be able to do so tax-free. If you need that money and the […]