Author Archive
Things You Should Know About Adjustable Rate Mortgages
An adjustable rate mortgage (often referred to as an ARM) is a type of loan that offers a varying rate of interest at different times during the repayment period. These rate changes often occur on an annual basis, and depend on market conditions as to whether the rate will increase or decrease. ARMs are attractive […]
Looking at the Difference Between Roth and Traditional IRA Accounts
Deciding whether to invest in a Traditional IRA or a Roth IRA can be a difficult decision, especially if you are unaware of the differences. A Traditional IRA is an approach typically taken with an employer sponsored plan where before-tax dollars are contributed, thus allowing the employee/investor to invest more money over the life of […]
Using a CD as an Investment Vehicle?
I’m going to try and keep this short today, but if you are thinking of investing in certificate of deposits, think again. Though safe, these investments yield little to nothing in interest. Even if you can get a 5% rate of return (which is unlikely in today’s market), you will still only be doing slightly […]
Getting Out of Credit Card Debt Faster
If you have multiple credit cards and a lot of debt, debt stacking is the best method to maximize your payments to the credit cards. I was once in $12,000 worth of unsecured debt, and used this method to pay the balance off in less than 2 years. Simply put, the system uses the principle […]
