Of course you would! Who wouldn’t? And in all likelihood it would be long overdue. How would that raise in pay impact your monthly income? Let’s consider an example. Assume your employer gave you a raise in pay of $250 per month. How much would you actually get to keep? All of it, right? Not so fast. Your Read More >
Is Financial Stress Taking a Toll on You?
Posted on: 05.12.15
In a March 26, 2015 article entitled “Stress in America Caused by Money,” money topped the list of stressors to Americans, beating out work, family responsibilities, and health concerns. Many Americans have taken steps to cut back on their expenses, including using coupons, cooking more at home, and cutting back on Read More >
Are You Living Paycheck to Paycheck?
Posted on: 05.05.15
If you are, you’re not alone. The Wall Street Journal recently reported that regardless of income, 70% of Americans are living from paycheck to paycheck. As a result, seventy-six percent of Americans have less than six months’ living expenses in emergency savings. Without an emergency reserve, if a sudden disruption Read More >
What is the Worst Thing About Mortgage Insurance?
Posted on: 04.28.15
The worst thing about mortgage insurance is paying the monthly premium one month longer than is absolutely necessary. It seems like you have to pay mortgage insurance premiums forever, doesn’t it? The good news is you don’t. However, there are rules regarding mortgage insurance that must be understood and adhered to if Read More >
The Mortgage Insurance Effect? What’s That?
Posted on: 04.21.15
For many aspiring homeowners the biggest obstacle to purchasing a home of their own is coming up with a substantial down payment. This is where the vital role that mortgage insurance plays in the path to homeownership comes in. Mortgage insurance makes it possible for aspiring homeowners to purchase a house with less Read More >
Is Mortgage Insurance Dr. Jekyll or Mr. Hyde?
Posted on: 04.14.15
Mortgage insurance is often seen as or referred to as a necessary evil. It’s a lot like life insurance, or any type of insurance for that matter, in that nobody likes paying the premiums, but they sure like it when they need to make a claim. When I’m asked to explain mortgage insurance I usually begin by comparing Read More >