By Margaret Heidenry You're moving! And along with a new address, you get to enjoy a fresh start at life. OK, maybe you can't easily erase everything from your past—nor would you want to—but it is a good opportunity to break old habits that weren't helping, or were costing you money without much payback, or were causing more headaches than they solved. For instance: If you usually have a landline phone, consider cutting the cord and going cellular. Or since you're changing your mailing … [Read more...]
What Mortgage Is Right for Me?
Source: Time.com If you’re like most buyers, you’ll choose a 30-year loan, with either a fixed or adjustable interest rate. As the name suggests, the interest rate on a fixed-rate loan stays the same for the entire term. With an adjustable mortgage, the rate remains fixed for a period of time, then resets based on prevailing interest rates. A 5/1 ARM, for example, is fixed for five years and adjusts annually after that. The ARM’s appeal: The initial rate is lower than the fixed, making … [Read more...]
