The Perils of Plastic
Millions of credit card borrowers are about to face larger monthly payments, a change that represents both good news and bad for consumers.
Millions of credit card borrowers are about to face larger monthly payments, a change that represents both good news and bad for consumers.
Homeownership is the key to building wealth for most people because it is an involuntary savings account. As you pay down your mortgage each month, the value of your interest in the home rises.
A balloon mortgage is a loan that is provided for a short period of time for a set amount of money. Balloon mortgages will often involve periodic payments that are made at a fixed interest rate. During this period, the loan may not be amortized. The balance of the loan has to be paid in full at a specific time.
Today it is becoming more and more popular to refinance your original mortgage. But, is this right for you? How do you know whether you’re taking advantage of a great deal or letting yourself in for financial problems? Read on for tips to help you make an educated decision.