Should you buy Adjustable Rate Mortgages (ARM)? Before the economic crisis that started in 2008, ARMs were an important part of the mortgage industry. In the United States, they constituted 49.7% of all mortgage deals. However, by 2009, they were only 2.8% of all mortgage deals. As the economy has Read more…
Introduction The decision to buy or rent a house is one of the decisions that every adult will have to make at one point or the other. It is one of those decisions that tend to involve more factors than just the financial sense of the decision. There are personal, Read more…
Making More Money is Never Enough For many people, the solution to their financial problems or inadequacies is very simple – make more money. They believe that the only financial planning that matters is increasing their income either by getting a better job or improving the revenue-generating ability of their Read more…
What is a Credit Score, and why is it important? A credit score is a three-digit number that lenders use to measure the creditworthiness of an individual. The credit score is an important component of your financial life that considers your credit history and how that is relevant to your Read more…