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Posts Tagged ‘Education’

The 3 things you need to know before you buy a new car

buying a new car

There are many things to consider before purchasing any car, but buying a new car might spark particular questions. There are pros and cons to buying a new car, just as there are pros and cons to buying used cars.  First off, when purchasing any vehicle, ask yourself “Why am I buying this car?” Is…

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Simple estate planning for everyone

compass

If you think that estate planning is for the rich, you are wrong. While people with many assets definitely need estate planning, so do people of moderate or few assets. Your estate is simply your net worth, or what you own minus what you owe. Estate planning is just a plan for what happens to…

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Understanding your debt-to-income ratio

debt-to-income ratio

Have you ever applied for a loan and been told that your debt-to-income ratio was too high? You may have wondered what that meant. Your debt-to-income ratio is the portion of your income that goes to debt payment, and it is a key component of creditworthiness. Lenders consider debt-to-income ratio along with credit score when…

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Boost your savings with certificate laddering

CD or share certificate laddering - piggy bank image

Even though share certificates (a.k.a known as certificates of deposit or CDs)) won’t get you the highest return on your dollar, they are pretty much guaranteed not to lose you money.  That’s because share certificates are federally insured up to $250,000 per account holder by either the National Credit Union Administration (NCUA) or the Federal…

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Top reasons mortgage applications are denied

man with rejected mortgage application

Going through the mortgage loan application process is rigorous, and at times nerve-wracking.  And to find out that, after all the scrutiny, your application gets denied, well – that can be heartbreaking.  But you’re not alone – the most recent Home Mortgage Disclosure Act (HMDA) data indicates that 11 percent of home purchase applicants get…

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