How to Build a Portfolio? Who wouldn’t like to have a profitable share portfolio? However, it is easier said than done, so don’t get taken in by the “get-rich quickly schemes” that have sprung up all over the place, which guarantee a profitable portfolio within hours! You have to factor in your long-term goals and objectives before building a successful portfolio. … [Read more...]
Which mortgage is better for me?
How to Understand which Mortgage is Better Mortgage – this is a dreaded word indeed, because people get extremely mortified to hear it, and yet this is something we can’t avoid. Before applying for a mortgage loan, you need to know about the terminology and technicalities associated with it. Only then can you successfully determine if a particular mortgage will be beneficial for you or not. … [Read more...]
How much can I afford to borrow?
How Much Can You Borrow while Buying a Home? Who wouldn’t want to own a property that can be called home? Unfortunately, there are lots of factors to consider such as mortgage – for a fair deal, you need to have a good credit score, be more or less debt free, save cash for down payment, and so on. Keep in mind that mortgage companies will always verify if you have the ability to pay back what you are borrowing from them. … [Read more...]
How much can I spend each month in retirement?
Tips for Spending in Retirement Retirement is the beginning of another milestone in your life. You have worked hard to get to the point when you don’t have to worry about achieving targets or meeting deadlines anymore. You can relax and indulge in all those hobbies for which you didn’t get time before. … [Read more...]
What is my lease rate?
How is Lease Rate Affected? What happens when you realize that leasing companies are suddenly increasing their rates? What has brought on the change out of the blue? Contrary to common misconception, higher interest rates don’t always mean more lease rates. With the advent of the new millennium, interest rates have not seen a sharp rise; they have mostly plummeted barring a few cases. … [Read more...]
How much should I save each month?
How Much Cash Should You Save Every Month? With each passing day, expenses such as food, fuel and other living costs in general are going up at an alarming rate. Merely putting some cash aside for a rainy day is not sufficient. There are so many costs to be covered per month such as mortgage repayments, utility bills, etc. that people sometimes have to take up two jobs to make ends meet. … [Read more...]
How much will my Roth IRA be worth at retirement?
Why Roth IRA is more suitable for you To enjoy a relaxed and tension-free lifestyle after retirement, you need to plan it from before. Ideally, most people go for a 401k plan and sometimes it is set up by the company they are employed in. There are other traditional qualified plans too such as IRA, SEP, SIMPLE IRA. However, it is best to opt for Roth IRA because it has a lot of benefits as compared to its counterparts. … [Read more...]
How soon can I eliminate my debts?
How to Eliminate Debts ASAP! No one likes to be stuck in debts, but some unwise spending habits and bad choices often land us in sticky situations. There is no shortcut in this case – it will take some time, but you have to resort to adequate measures so as to become debt-free within a relatively short span of time. … [Read more...]
What is my loan rate?
How to Choose Loan Rates? When it comes to structuring home loan rates, there are several ways to do so, but we will choose to focus on the two most common ones - Fixed Rate Mortgage (FRM) and the Adjustable Rate Mortgage (ARM) Their main difference, as is evident from the terms, is the interest rate based on the loan amount over time, which can vary depending upon the pre-decided rate or as per the changes in the index rate applied to your loan. Definition of FRM and ARM … [Read more...]
Which is better for me, a Traditional IRA or a Roth IRA?
Traditional IRA or Roth IRA – Which is Better for You? How to make sure you are well taken care of post-retirement? The commonly used retirement plan is usually 401k that is sometimes set up by employers for their company personnel. However, for self-employed people, and for those who don’t have a 401k plan, there are two other options available as the primary retirement account - Individual Retirement Accounts (IRAs) and Roth Individual Retirement Accounts (Roth IRAs). What are IRAs and Roth … [Read more...]
