As widely expected, the Federal Reserve announced âQE3â last week, a move taken to bolster the flagging economy by putting downward pressure on long-term interest rates. More specifically, the Fed pledged to purchase even more agency mortgage-backed securities (MBS) in an effort to push mortgage rates lower than already are, via a method known as [&hellip
The post What QE3 Means for Mortgage Rates first appeared on The Truth About Mortgage.
Many of us rely on a job for our income. If that includes you and you find yourself unable to continue performing your job duties because of a physical ailment, disability insurance can be a godsend. It replaces a portion of the income you lose when you canât work. However, disability insurance comes in two […]
The post Own Occupation vs Any Occupation Disability Insurance, Explained appeared first on SoFi.
Maybe youâre buying or selling real estate, trying to resolve a dispute with a neighbor, starting a business, or going through a divorce. When life gets legal, youâll likely need access to a good attorney. But thereâs a lot to think about when hiring the services of a lawyer, especially if youâve never retained one […]
The post How to Hire An Attorney appeared first on SoFi.
Since April 1, 2009, roughly 16.2 million American homeowners have refinanced their mortgages, according to the latest Housing Scorecard released by HUD. But as you may or may not know, there are still millions of homeowners who have not, for one reason or another. Some may not be eligible, while others may be going through [&hellip
The post Pros and Cons of Refinancing Your Mortgage Right Now first appeared on The Truth About Mortgage.
When the unexpected happens and money is tight, itâs normal to worry about how youâre going to make ends meet. But whether you’re going through a short-term budget crunch or dealing with more challenging financial issues, there are ways to feel more in control of your financial situation–and make the money you have go farther. […]
The post What to Do When Money is Tight appeared first on SoFi.
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks and lenders pay Fannie and Freddie so-called âg-feesâ in exchange for purchasing their loans and bundling them into mortgage-backed securities, which are then sold to investors on the secondary market. [&hellip
The post Why Your Mortgage May Get More Expensive first appeared on The Truth About Mortgage.
Your income is one of your biggest assets, and losing it can quickly take a toll on your financial well-being. According to a Lifehappens.org survey, two-thirds of working Americans could not go six months before financial difficulties would set in, while 14 percent would be negatively impacted immediately. Disability insurance can offer an important safety […]
The post Short Term vs. Long Term Disability Insurance appeared first on SoFi.
Seeing that itâs Election Day, I figured Iâd take a look at historic mortgage rates to see if there is any correlation between their direction and elections. Specifically, I wanted to see if there was any significant movement after an election took place, as a new Republican or Democrat (or Roseanne) could potentially sway the [&hellip
The post Is There Any Correlation Between Elections and Mortgage Rates? first appeared on The Truth About Mortgage.
Capital-gains taxes are taxes you pay on profits from selling investments, like stocks, bonds, properties, cars, or businesses. The tax isnât applied for owning these assetsâit only hits when you profit from selling them. Itâs important for beginner investors to understand several factors can affect their capital-gains tax rate: how long they hold onto an […]
The post What Is The Current Capital Gains Tax Rate? appeared first on SoFi.
When it comes to investing your money, dead people have the right idea. Here are four things the dead can teach us about the stock market.
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