That seems like a question with an obvious answer, right? You refinance when the interest rate on the new loan is lower than your rate on the current loan. But how much lower? And is it really as simple as subtracting one rate from another and signing on the dotted line? READ MORE
If watching home values fall and gas prices go up leaves you feeling like you’re caught in the middle and being squeezed real hard, it may be time to make some changes in the financial areas that you can control. For most people, the place to start is with housing expenses.
If your housing expense is your largest expense, you may want to downsize or refinance. Can’t refinance because your home is underwater? Now you may be able to — thanks to HARP 2.0. READ MORE
Some of you may have already received a notice from your mutual fund companies or your brokerage firms asking what method you would like used to determine the cost basis of your holdings. Perhaps you’re not sure
what cost basis is,
what are the different methods to calculate cost basis,
which method is best for you, or how you will make a choice,