Archive for the ‘Financial News’ Category

Five Mortgage Expenses You should Expect.

August 14th, 2010 Amber Cook No Comments »

Buying a house is a big decision in one’s life. You should be totally prepared and aware of the expenses that will arise in purchasing a house before you jump into it. If you plan to get a house through mortgage loan, it would be difficult to measure the mortgage expenses you should expect but here are five expenses associated with mortgage, you can expect.

1.  Principal:

The first thing you can anticipate to pay is the principal. The principal is the original amount of the loan which may or may not include other costs. For example if you acquire a mortgage loan worth $100,000, this means the sum $100,000 represents your principal. Your mortgage payment will include a small portion of your principal amount to be paid every month; this portion will increase in size as you go on with the loan payments.

2. In

Full Article

Share
Tags: Should, Should Expect

More boomers seeking employment have trouble finding jobs

August 11th, 2010 Amber Cook No Comments »
More retirement-aged Americans are finding it difficult to secure a job

The national unemployment rate is not just affecting recent graduates and middle-aged Americans, but also the baby boomer generation, according to a new report. Many boomers who have decided to go back to work – either to recoup assets lost during the financial meltdown or to supplement their retirement – are finding it increasingly difficult to find a job, USA Today reports.

Citing information from the Center for Retirement Research, a large number of employers are hesitant to hire older workers from the boomer generation – putting the nearly 79 million Americans born between 1946 and 1964 in a precarious position. Full Article

Share
Tags: Finding, Finding Jobs

3 Types of High Risk Mortgages Homeowners should avoid

August 11th, 2010 Amber Cook No Comments »

There are several high risk mortgages on the market that you should avoid at all. A high risk mortgage puts in front of you those opportunities that may looks attractive on the front end. However, when you analyze them closely, then you would find them not quite as good as it looks. Suddenly you would find yourself in a very high risk situation.

Therefore, in order to avoid such situation you should do everything that you can to avoid a high risk mortgage. Here I have mentioned few types of high risk mortgages that you should avoid.

Type # 1: Interest-Only Loans

The interest-only loan is one of the riskiest types of loans out there.

Full Article

Share
Tags: Avoid, High Risk Mortgages, Risk Mortgages, Should Avoid

Some young adults considering bankruptcy to escape student loan debt

August 8th, 2010 Amber Cook No Comments »

More young adults are turning to bankruptcy as an option to discharge large student loans
Tuition prices continue to increase each year, making it more expensive for young adults to get an education. To keep up with the rising costs, millions of college-bound students are forced to rely on student loans for financing.

However, many recent graduates may find it difficult to find a job that provides sufficient income to pay back college debt – assuming they can find a job at all in the current economy. As a result, some young Americans who owe thousands in debt are considering bankruptcy as an alternative, reports the San Francisco Chronicle.

What many young adults may not know is that it is very difficult to discharge student loans through bankruptcy. Full Article

Share
Tags: Loan, Student Loan, Young Adults

Late payments, charge offs on credit card accounts fall, Fitch reports

August 5th, 2010 Amber Cook No Comments »

Credit cards that were in default or late on payment fell recently.
Credit card debt was a problem for many consumers throughout the recession, though recent figures from Fitch Ratings show some people have managed to make a dent in what they owe.

According to the firm, the amount of accounts in default fell to 10.93 percent during the March payment period. Although this represented a 0.34 percentage point decline on February, it is still higher than the 10.69 percent average charge off rate seen in the last 12 months.

However, delinquencies on credit card accounts also fell, which could bode well for future charge off rates. Full Article

Share
Tags: Credit Card, Fitch

Saving Money At A Farmers Market

August 4th, 2010 Amber Cook No Comments »

My wife is a vegetarian, I am not. I was raised on meat and potatoes, or any variation thereof. So when we got married and we actually filled our crispers… well, I was a little shocked. Even more than that, I was surprised at just how much “some produce” cost. It wasn’t that I never bought any fruits or vegetables, it is just that I liked saving money and would only ever buy a couple of the cheapest apples and maybe some baby carrots. Let’s just say it took me a little while to adjust to how a vegetarian eats as well as shops.

One of the tricks that my wife uses to get cheaper fruits and vegetables is to take advantage of the summertime farmers markets. There are a couple in our area, which my wife has visited, and while they have been good, they simply did not compare to the one that she found this last weekend. It was gi

Full Article

Share

Canadian Royalty Trusts

July 29th, 2010 Amber Cook No Comments »

The instability of the stock market has investors looking for stable high yield investments. Canadian Royalty Trusts are a great alternative to traditional stocks.

A Canadian Royalty Trust, also known as a CanRoy, is a corporate trust that is set up to legally bypass high corporate taxes in order to funnel profits back to trust holders in the form of distribution payments. A CanRoy usually controls an operating company that uses the money invested in the trust to buy oil and gas producing properties. While approximately 40% of CanRoys invest in energy-related businesses, the remainder back other types of organizations. In this structure, money also flows the opposite way as the royalties and interest payments from the properties flow back through the operating company and into the trust.

Full Article

Share
Tags: Canadian Royalty, Canadian Royalty Trusts, Royalty Trusts, Trusts

When Luck Bites Back

July 25th, 2010 Amber Cook No Comments »

Know any “lucky” people? You might want to pass this article along to them so they don’t wind up in hot water with the IRS. With revenues declining for local, state, and federal governments, you can be sure the Tax Man will be on the lookout for his cut of your winnings, even if those winnings aren’t in cash. And you don’t want to end up on this list of people with tax troubles.

Being lucky may not be all it’s cracked up to be. Most people realize that winning a huge jackpot automatically means a large chunk of change goes to Uncle Sam, but gambling winnings can show up in the strangest of places. Like where?

Full Article

Share
Tags: Luck, Luck Bites
Page 20 of 34« First...10...1819202122...30...Last »
Sample banner 250x250