Skip to content

Blog

Posts Tagged ‘financial planning’

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…

Read More

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…

Read More

10 money moves to make before you have a baby

Adorable Baby Feet

Ready to pick baby names while wondering which color baby booties you’ll need? (Neutral, everyone says go with neutral.) Exciting and life-changing times are ahead! You’re going to have fun decorating the nursery and sharing the good news with everyone. But the next nine months are also important for getting your finances in order. Studies…

Read More

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…

Read More

The ABCs of car loans

illustration two people buying a car

You’ve done your research and are now ready to purchase your new (or used) vehicle. Now, how do you pay for it? Unless it is an inexpensive used vehicle, most people don’t have the cash to pay for a vehicle, so they have to take out an auto loan. If you’ve never financed a vehicle,…

Read More