Find Out How Much Home You can Afford
Calculating how much home you can afford doesn’t have to be complicated if you adopt a systematic approach to the entire process. There are two factors to be considered here – the amount of money you can borrow and the amount you can give as down payment. [Read more…] about How much home can I afford?
Continue ReadingHow much can I spend in retirement?
How much can I spend 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.
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Continue ReadingWhat will my investment be worth in the future?
What will my investment be worth in the future?
Tips for Investing in Futures
Investing in the stock market isn’t a formula or equation that you can apply to predict returns. You need to study and analyze market trends correctly, for which proper guidance is required.
Trading futures
First let us understand what futures are – to put it in a nutshell, it is a kind of derivative instrument, where two parties are in mutual agreement of conducting a transaction for a set of financial instruments or physical commodities for future delivery at a particular price. There is a quite a bit of volatility associated with these markets, which increases the risks but boosts the opportunity to generate profits as well. [Read more…] about What will my investment be worth in the future?
Continue ReadingHow much will my Traditional IRA be worth at retirement?
How much will my Traditional IRA be worth at retirement?
Know all about Traditional IRA
You might think – “I have a long time to go before retiring, it is not necessary to save now!” This is a common blunder made by many, due to which they were not left with much savings during the post-retirement phase. Remember that it is never too early to start saving. [Read more…] about How much will my Traditional IRA be worth at retirement?
Continue ReadingHow much will I save by increasing my mortgage payment?
How much will I save by increasing my mortgage payment?
What Factors Affect Monthly Mortgage Payments?
A lot has been said about monthly mortgage payments with some advising to pay off higher monthly rates so that the mortgage is cleared off fast, while others say to stick to a reasonable sum for the entire duration, so that your savings are not affected much. Quite a few tools can help you to calculate what your monthly mortgage payment might be, based on the principal amount, interest rate, private mortgage insurance, down payment, and the sum required in the escrow account. [Read more…] about How much will I save by increasing my mortgage payment?
Continue ReadingHow much mortgage might I qualify for?
How much mortgage might I qualify for?
How to Understand Mortgages Better
Mortgages can be a tricky area indeed. If you are purchasing a home, your broker will advise you to invest in a certain kind of mortgage, while someone else might tell you that this particular plan isn’t suitable. Rather than getting confused and repenting your decisions later on, it is best to understand the different types of mortgage so you can get a brief idea about the mortgage you qualify for. When it comes to fixed and adjustable rate mortgage, you have to understand the basics of both so as to make an informed decision. Your future ability to pay is an important factor as it affects your mortgage costs. [Read more…] about How much mortgage might I qualify for?
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