Often when people are interested in buying a home and applying for a mortgage, they ask how to best improve their credit scores. Time and again, I see the same trap consumers fall into that zaps their credit to begin with. You may be surprised at the biggest mistake, and you’ve probably made it. Here’s.
A “529 Plan” is a popular education savings plan designed to save money for college expenses. Operated by an educational institution or by a state agency, they offer the benefit of tax deferred investment growth much like a retirement plan. Additionally, withdrawals for qualified educational expenses are tax-free. Finally, even though your contributions are not.
I work with clients young and old to downsize their homes. While most of them are seeking the same financial benefits, some of them identified other reasons to move. Here is a quick rundown of the benefits of downsizing, a new twist to it, as well as a few mistakes to avoid. The top 5.
A false assumption exists with many homeowners and prospective landlords that they cannot rent out nicer homes. They think there is little demand for renting more expensive homes. This assumption is based on the belief that anyone who can afford to rent will just buy a house. If that was ever true when you only.