Premier Coin Galleries The U.S. stock market is typically positive for midterm election years, though October can be notoriously volatile. By the time you read this article, we’ll have election results and more economic reports to guide us through the rest of the year. “We have to understand this will take time,” says Vanessa N.…
Tag: Dollars and Sense
Features, October 2022
Dollars & Sense: What as an Investor Should We Be Looking For?
Premier Coin Galleries, Inc. Lost decade for the stock market? Winds of change. The sun will always come out in Arizona. It’s been a long time—the stock market could be at the beginning of a lost decade. It’s impossible to overstate just how good the stock market returns have been for investors over the last…
Features, December 2020
Dollars & Sense: What Is the Maximum Loan Amount?
Melanie Sedam A maximum loan amount describes the total amount that an applicant is authorized to borrow. Maximum loan amounts are used for standard loans, credit cards, and line-of-credit accounts. Key Takeaways * A maximum loan amount describes the total sum that one is authorized to borrow on a line of credit, credit card, personal…
Features, November 2020
Dollars & Sense: VA Interest Rate Reduction Refinance Loan
Melanie Sedam If you have an existing VA-backed home loan and want to reduce your monthly mortgage payments (or make your payments more stable), an interest rate reduction refinance loan (IRRRL) may be right for you. Refinancing lets you replace your current loan with a new one under different terms. Find out if you are eligible…
Features, October 2020
Dollars and Sense: Refinancing Your Home
The Paseo Financial Group If you are interested in borrowing against your home’s available equity, you have choices. One option would be to refinance and get cash out. Another option would be to take out a home equity line of credit (HELOC). Here are some of the key differences between a cash-out refinance and a…
Features, August 2020
Dollars and Sense: How A Cash-Out Refinance for Home Improvement Works
Looking to make some major home improvements? Have you considered a cash-out refinance on your existing home? Refinancing is a low-interest way to get tax-free cash for remodeling your kitchen, building a pool in the backyard, etc.—or anything you choose to do. Let us look at an example. Say you bought your home for $450,000,…
Features, July 2020
Dollars and Sense: Reverse Mortgages (Part 5)
The Paseo Financial Group Recently, the Consumer Finance Protection Bureau put together a report to examine the reverse mortgage industry. This report concluded that the following groups of seniors were most likely to benefit from obtaining a reverse mortgage: * Those looking to supplement a fixed income in retirement. * Those who need a home…
Features, May 2020
Dollars and Sense: Reverse Mortgages (Part Three in a Series of Five)
The Paseo Financial Group The amount of your reverse mortgage is based on how old you are, how much your home is worth, and the interest rate that you are offered on the loan. Your borrowing power increases: * When you are older. An 80-year-old will be able to borrow more than a 62-year-old if…
Features, April 2020
Dollars and Sense: Don’t Let Fears Drive Your Investment Choices
Jeff LeFave First, the coronavirus rocked the financial markets. Then, oil prices dropped more than 20 percent after a breakdown in OPEC production discussions. Not surprisingly, the markets took another nosedive. Yet, despite these events, this recent market volatility may well be attributed more to fear, than the forces that usually drive the markets. Ultimately,…
Features, April 2020
Dollars and Sense: Reverse Mortgage (Part 2)
Melanie Sedam One of the strengths of the home equity conversion mortgage (HECM) loan program is that there are not overly restrictive requirements, making these loans easier to qualify for than other financial products such as a mortgage refinance, home equity loan, or home equity line of credit (HELOC). You are eligible for a reverse…