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Housing Affordability: Why the Differences?
January 4, 1999 "My financial planner said I could afford to spend $250,000 for a house, my real estate broker said $280,000 and a calculator I found on the internet said $295,000. How come these large differences?" The affordability calculation is fairly complex ... more...

Lies Mortgage Shoppers Hear
    December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase.  Is there a danger that people won?t tell me the truth?  Any lies I should look out for in particular ... more...

financial calculation related definitions

Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more...

Settlement Statement, HUD-1
Settlement Statement, HUD 1 Document used by the settlement agent to itemize all charges for a real estate transaction, detailing the final financial settlement and costs paid by both buyer and seller of a property. Settlement Statement or closing document required by HUD ... more...

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Get Free financial calculation Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Five Secrets for Long-term Financial Success
Future financial success is not a guarantee that any one of us can rely upon, no matter how wealthy we are now or intend to become.There are however five future proofing financial steps that we can take to protect our current financial status, improve our future financial prospects and secure our ... more...

Setting Financial Goals - Part 1
Setting goals is difficult enough without adding the word finance in the mix. Many people are reluctant to tackle the task of determining financial goals. Unfortunately failing to do so can have an adverse effect on achieving a comfortable lifestyle later on in life. This article helps to guide ... more...

Buying a Vacation & Retirement Home
Buying a vacation home that doubles as a future retirement home requires forethought and thorough investigation. Conventional wisdom tells us to first settle on a desired location and then look for the least expensive house in the best possible neighborhood. This is of course true, but buying a ... more...

Financial Aid Options
Before entering college, you may find yourself pondering exactly how you will be able to pay for college. Many public colleges and universities cost thousands of dollars, while private colleges and universities can cost $10,000, $20,000, $30,000, or even more just to attend. Before getting too ... more...

The Greatest Enemy Of Your Financial Security
If you had to choose the greatest enemy of your financial security, where would you look? In the lineup, as you look them over, who would you choose? There are so many that qualify. Banks, credit card companies, persuasive advertisers, finance companies, and identity thieves, would all be in the ... more...

10 Wisdom-Based Wealth-Building Strategies
Its the business of your lifeand youre the CEO! Gala GormanImagine that youre Noah and God is telling you that you need to build the ark. You might suspect that Noah was a bit skeptical. Could it actually rain for such an extended period of time that a small ship would be required to survive the ... more...

Steps You Can Take To Protect Your Financial Information and Personal Identity From Fraud
Financial fraud and identity fraud are one of the fasted growing forms of fraud. The first line of defense to protecting yourself begins with you. Here are some steps you can take to help you protect and fight against financial and identity fraud.1. Review and Protect Your Information - The ... more...

What Financial Services Do Credit Unions Offer?
If youre looking for financial services, you may want to consider checking out what your credit union has to offer. Many credit unions today offer more than just a checking and savings account, theyve expanded into upgraded financial services tailored to meet many needs.Credit unions are ... more...

Financial Freedom with Home Loans
Commercial banks are financial intermediaries for getting financial freedom in home loan refinancing; that is, they come between borrowers and lenders. They borrow from their depositors and use the funds to make business and personal home loans and to buy other financial assets that yield returns ... more...

Lawsuit Loans
Lawsuit Loans which are also known as pre settlement cash advances allow a financially strapped plaintiff to access a portion of their future legal settlement to pay todays necessary living expenses. Personal Injury and worker compensation lawsuits can take years to resolve and large insurance ... more...

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