Are Refinance Closing Costs Flexible? – 6 Tips To Save

Are Refinance Closing Costs Flexible? Refinancing a mortgage can be a great way to save money, whether it’s short-term (by reducing what you have to pay on a monthly basis) or long-term (by saving on interest). However, it’s important to consider all of the associated costs before you decide to refinance your existing home mortgage. …

What is the Difference Between a HECM Loan and a Reverse Mortgage?

What is the Difference Between a HECM Loan and a Reverse Mortgage? The Home Equity Conversion Mortgage is offered to those over age 62 amid a plethora of multiple tools that take on the name of reverse mortgage and similar. So it’s easy to understand how folks can be easily confused. Even experienced finance folks …

Will Personal Finance Software Give You an Edge in Budgeting & Saving?

Can Personal Finance Software Give You an Edge in Budgeting & Saving? People have been following one form of budget or another since a medium of exchange came into existence. The earliest cavemen may have used something like sticks or stones separated into piles (three stones for Oog, one for Grog). Next came things like …

The Difference Between a Home Equity Loan & a Home Equity Line of Credit

The Defining Differences Between a Home Equity Loan & a Home Equity Line of Credit When people want to use their home as a financing advantage or leverage, a number of options are available. However, the processes, results, costs and fees are tremendously different, each with advantages and disadvantages. Much of this is procedural; the …

When Preparing a Household Budget What Categories Should I be Setting?

Categories You Must Include in Your Household Budget if You Want Success Budgets are personal things that will differ slightly from one person to the next. There are a number of categories, however, that pertain to the majority and should be included in your budget. In addition to the following categories, take stock of your …

Reverse Mortgages Pros and Cons: What do You Need to Know?

Pros and Cons of Reverse Mortgages: Are They a Valuable Retirement Tool? There’s a lot of conflicting chatter on the Internet and by rumor about how reverse mortgages work. In addition, financial businesses in just about every city are pitching products for reverse mortgages with radio spots, or telling people they may miss out on …