Buying a home is a big decision and you do not want to make a mistake while you are home shopping. That’s why lots of people turn to mortgage brokers to help them through the process of finding a loan. In order to help you avoid being taken advantage of during the process, here are five money savings tips that your mortgage broker doesn’t want you to know about.
Continue reading 5 Money Saving Tips Your Mortgage Broker Doesn’t Want You to Know
I have a lot of bad habits. For example, I tend to bite my nails when I get stressed out. I also have a penchant for opening the cupboard to get a drinking glass — then walking away and leaving the door wide open. I know. I can’t explain it either, but it drives the Honeybee absolutely bonkers every time I do it.
Even so, I like to remind her that
Continue reading 50 Good Personal Finance Habits Everyone Should Follow
If you’re like me, you never ever give your credit cards a second thought. However, after recently getting stuck in a supermarket line behind a nice lady who decided to pay for her groceries with a giant bag of loose change, I developed a new-found appreciation for their convenience.
Heck, nowadays I use credit cards to pay for almost everything. Naturally, I also make sure to pay off my balance in
Continue reading 18 Amazing Facts You Didn’t Know About Your Credit Card
I bought my first home in 1990 at the top of the Southern California real estate market and promptly found myself with an “underwater” mortgage. And although I owed more than the home was worth over the next seven long years, I never walked away from that loan — even though I wanted to — because I felt I had a moral obligation
Continue reading If It Feels Good Do It: Maybe Strategic Defaults Aren’t So Bad After All
The central bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. If the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their property until their children will wake up homeless
Continue reading 100 Words On: Why the Federal Reserve Must Be Abolished
In an ideal world we all want to be debt-free; and borrowing money is something that we all should approach with caution. However, when it comes to living a real life, very few of us will be able to escape borrowing money to finance a larger purchase. A car can be one of those big purchases and, unless you’re happy to ride a bicycle or save up money in your
Continue reading Evaluating the Pros & Cons of 4 Common Car Loan Alternatives
Inflation? What inflation?
The fact is, for those who are willing to look close enough, we are actually being confronted by a serious bout of deflation — at least when it comes to the size of the containers sitting on our supermarket shelves.
With prices continuing to rise in the face of the depressed economic climate, manufacturers continue to find themselves caught in a classic dilemma: either raise prices and risk losing
Continue reading Looking for Inflation? It’s Hiding In Smaller Package Sizes.
According to Freddie Mac’s most recent survey, there is currently a spread of 0.79 percent between the 15- and 30-year fixed rate mortgage benchmarks, which just so happens to be the largest spread since Freddie started tracking the 15-year mortgage 20 years ago; for comparison purposes, the average spread over that same time period has been only 0.47 percent.
I think most people naturally assume that, when it comes
Continue reading The 15 vs. 30 Year Mortgage Loan Debate: Why 30 Is Better
You might think that credit cards for people with excellent credit are universally the best products available, and that the quality of a credit card naturally rises in accordance with the credit level required to get it. You might believe that high fees and lacking rewards simply come with the territory of having bad credit, and that this is a natural trade off. You might also assume that
Continue reading Beware: A Credit Card for Excellent Credit That Doesn’t Fit the Bill
Assume you earn 4% interest in a savings account. Whether you pay a tax of 100% in a non-inflationary environment, or collect that interest tax-free with 4% inflation, the end result is the same. In other words, inflation is a tax that requires no approval from legislators. This concept isn’t lost on our government, which is currently mired in over $100 trillion of debt and unfunded obligations.
Continue reading 100 Words On: Why Inflation Is Taxation without Representation