More Articles for Your Home

FHA cuts insurance premiums on mortgages, saving average borrower hundreds

By Gail MarksJarvis •
Chicago Tribune

As rising interest rates make it more expensive for people to buy homes, the U.S. Department of Housing and Urban Development announced Monday that the Federal Housing Administration is reducing the insurance premiums people pay monthly on FHA mortgages. The annual premium that people will pay is dropping 25 basis points _ from 0.85 percent

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Piece 2 homes together into 1

Eleanor Laise, Senior Editor, and Kiplinger's Retirement Report •
Kiplinger

Barbara Williams’s home is a lively one. Much of the year, there are four generations under one roof. Williams, age 65, shares her five-bedroom Silver Spring, Md., home with her husband, daughter, son-in-law and three young grandsons–and her 91-year-old mother visits for several months at a stretch. While the multigenerational living arrangement may be messy

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Seven tips for talking to millennials about money

William Rassman, CFP, Director of Advisory Services, and Centric Capital Advisors •
Kiplinger

You have probably watched your Millennial struggle financially, from credit cards to career decisions. If it’s any consolation, money troubles are not unique to your kids: A recent study by PricewaterhouseCoopers found that a staggering 42% of surveyed Millennials rely on payday loans and tax refund advances. Nearly 30% of Millennials are routinely overdrawing on

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Why reverse mortgages are worth a look

Cypress Partners, Ria, Founding Partner, and Pete Woodring •
Kiplinger

Until recently, the subject of reverse mortgages rarely ever came up in my consultations with clients. When it was discussed, it was the client who brought it up. I’d easily dismiss the idea of a reverse mortgage because it was an expensive form of borrowing and posed unnecessary risk when there were other sources of

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Here’s how much your credit score impacts your mortgage and auto loan rates

John Ulzheimer •
The Simple Dollar

When you apply for a new loan, the most influential factor in determining your interest rate is your credit and, more specifically, your credit scores. Other factors certainly matter during your loan’s underwriting, such as your income and employment history, but the importance of your credit scores cannot be overstated when a lender decides which

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