A reverse mortgage is a loan that allows homeowners to turn part of their home equity into cash. Available to people 62 and older, a reverse mortgage can be set up and paid out as a lump sum, a monthly payment or a line of credit, which can then be used to fund home renovations, […]
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Living in The Alamo City is very affordable with so much to do.
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If youâre a homeowner, your house is not only the place you call home but also an asset. In fact, itâs the largest asset of most Americans, according to the most recent Federal Reserve Survey of Consumer Finances. That asset can be even more valuable, because it can sometimes be used as collateral for a […]
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PMI or MIP may be the ticket to homeownership if you have a down payment of less than 20%, but mortgage insurance adds up over the years and is something to pay attention to. Private mortgage insurance may be required for conventional home loans, those not backed by the government. Mortgage insurance premium is always […]
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At its simplest, a piggyback mortgage can be defined as a second mortgage, typically a home equity loan or home equity line of credit (HELOC). Piggyback mortgage loans might be a smart option for homebuyers looking to finance a home without a large down payment. They are taken out at the same time as main […]
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How much you should spend on groceries each month will depend on factors such as the number of people living in your household, your lifestyle and even your dietary preferences. Thereâs no way around the fact that food is a significant line item when it comes to budgeting, but there are ways to make it […]
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If your estate is big enough, you should know how generation-skipping transfer taxes work, and how to avoid paying more than you must.