Family Resources Today

205 articles published

Know About Your Mortgage Loan Possibilities Before House Hunting

Obviously, everyone should know exactly how much house they can actually afford to buy before they end up going online to shop or begin cruising neighborhoods scouting out the “For Sale” signs. Generally, you can expect to acquire a home loan that is roughly two and a half times your gross annual salary. Your gross annual salary…

ByFamily Resources TodayJanuary 31, 20160Comments

Housing

You Have to Live in New York City for 18 Years to make Buying Worth It

The median sale price for a home in New York City is $1.2 million. A key factor when deciding whether to buy or rent with incredibly high prices like these, is to know exactly how long you plan on staying in that home. SmartAsset calculated how long it would take to make buying a home worth…

ByFamily Resources TodayJanuary 25, 20160Comments

Housing

Tips to Paying Off Your Mortgage Faster

For homeowners out there- old or new, finally paying off your mortgage is a dream come true. Having this huge financial burden lifted off your back will free up a lot of space in your monthly budget. Be sure to avoid a short-term mortgage as an easy way to keep you out of a financial bind,…

ByFamily Resources TodayJanuary 25, 20160Comments

Housing

Your Credit Score Will Ultimately Determine the Cost Of Your Mortgage Loan

Your credit score is absolutely crucial when you are applying for a home mortgage loan because a low credit score will inevitably translate to paying higher interest rates. In fact, a low credit score may even prevent you from attaining a mortgage loan at all from certain lenders. To learn your credit score, you should obtain…

ByFamily Resources TodayJanuary 23, 20160Comments

Housing

Get A C.L.U.E. Before you Buy your New Home

A C.L.U.E. report stands for a Comprehensive Loss Underwriting Exchange. The "exchange" in this particular situation represents the information that the home insurance loss underwrites about home insurance claims. Based off an article at Zillow.com, one in every fifteen homes possesses an insurance claim every year. This is something that could potentially be very important when…

ByFamily Resources TodayJanuary 22, 20160Comments

Housing

Are You Ready to Buy a Home?

Naturally, shopping around for a new home can be a very overwhelming and especially daunting task, as it is a life decision you could be living with for the next 30 years, or even more. Taking this search seriously is a vital part towards finding your dream home, but there are some signs that may…

ByFamily Resources TodayJanuary 20, 20160Comments

Housing

Recent Stock Meltdown May Help Buy Your New Home

Because of the Fed’s recent decision to raise interest rates, along with inquiries about China's economy, now may be a great time to buy the home you've always dreamed of. Money going into Treasury's now has mortgage rates at a two-month low. 30 year mortgages are now at about 3.92%! The housing market…

ByFamily Resources TodayJanuary 18, 20160Comments

Homeowners Insurance

Can a landlord make you buy renters insurance?

A decade ago, mandatory renters insurance was so rare that landlords who tried to impose it risked losing tenants. Today it’s as much a part of the rental process as a security deposit, credit check and first month’s rent. But in the early 2000s, when the cost of property insurance for apartment owners skyrocketed, landlords sought to…

ByFamily Resources TodayDecember 11, 20150Comments

Health Insurance

Understanding the difference between HMO, PPO and POS

Which health insurance plan is best for you? Let Insurance.com help you find affordable health insurance now. Health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point-of-service plans (POS) are all types of managed health care. The purpose of managed care is to provide members with access to a comprehensive system of medical care that offers savings…

ByFamily Resources TodayDecember 11, 20150Comments

Life Insurance

Why your life insurance is key to financial planning for your special-needs child

Financial planning for any family is complicated, but the challenges rise to a new level when a child has special needs. "Parents are not only planning for their family's needs and retirement, but for well beyond their lifetimes," says Linda Hunter Suzman, a Special Care Planner with MassMutual Financial Group in Seattle. The process, including buying life…

ByFamily Resources TodayDecember 11, 20150Comments

Family Resources Today

Sign Up to Our Newsletter