Teens make money online everyday. Many people think the only way teens make money is to get it from mom and dad. This is not true. Everywhere you shop you find ambitious teens working to make exrea money for everything from cds and movies, to clothes and dates. Thanks to the internet teenagers can make money online just like everyone else. Here are some ways teens can make money using the internet. 1. Work For Your Parents ( Or Their Friends) ...more
You want to buy a home but you do not have money for a down payment or for closing costs? Well, just forget it. At least that is what you have probably been told by people who think they know what they are talking about, but simply do not.There are many loan packages available for people with no money to put down on the home or for closing costs. The home loan industry has undergone revolutionary changes over the last ten to twenty years. No...more
PMI - a recurring, monthly, unwelcome guest. It sounds similar to and is about as welcomed as a similar acronym. PMI is private mortgage insurance. This insurance policy is paid for by the homebuyer when the amount of their primary mortgage is greater than 80% of the value of the property.You will note that the term "primary mortgage" was used. This is for a specific reason. It is not the total of all mortgages and home loans on the property that is evaluated, but rather the amount of the primary or largest mortgage on the property that can trigger PMI.PMI is calculated by taking 0.5% of your primary loan balance and dividing it by 12 (12 monthly payments). For example, if your primary mortgage is $200,000 and you are required to pay PMI, your mortgage payments would be an additional $83.34 per month. For most homebuyers, this additional premium is a considerable financial burden to undertake.There are ways around PMI for those homebuyers unable to put down 20% or more on their new home. Mortgage lenders have created loan packages which include two or more home loans that when combined exceed the 80% threshold, while no one of the loans exceed that threshold. Typically there is a...more
To pay points or not to pay points, that is the question. Before answering the question it is first important to understand what exactly points are. A point represents 1% of a home loan. For example, a $100,000 home loan would equate to each point being $1,000. A home loan of $150,000 would equate to each point being $1,500. This is important to...more
Your dream is to have your own home business and to tell the boss "Good-Bye". An excellent dream to have, a little exciting and a little scary at the same time. Before taking that big step, take a long hard realistic look at yourself and determine "Is a stay at home business right for me?" What is your personality? Are you an extrovert or an...more
Mortgage rates can either be fixed for the duration of your loan or can be adjustable. An adjustable rate mortgage is a loan that is set up with an interest rate that changes based on pre-determined criteria, primarily tied to the federal interest rate. If the interest rates are up, then your interest rate on your loan will be higher, if the interest rates are low than the interest rate on your loan will go down.Adjustable rate mortgages (ARM) are generally fixed interest rates for a period of time and then become adjustable. Generally speaking the introductory interest rate for an ARM loan will be lower than a fixed rate mortgage. This is done in order to lower initial payments and allow people to take out larger mortgages, or give them smaller payments for the introductory period. This is attractive to people who may know that their income will be increasing over that period of time.Whether or not to choose an ARM or a fixed rate mortgage has been debated for as long as there have been ARMs. Though people feel strongly in both camps, simple mathematics can assist you in determining which mortgage is best for you and your personality. Your personality? Yes. Some people are not...more
Would you like your own work at home business opporutnity? People choose to work from home for several reasons including the desire to stay home with their children, the need for extra income, or simply being dissatisfied with their current job. A...more
Making a Tidy Profit From the Credit Card CompaniesHow many hundreds - even thousands - of dollars have you paid over the years to banks, credit card companies and other financial institutions in interest payments and other monthly charges? Take a...more
The number of homeowners taking out secured loans is set to slow down over the next five years according to analysts at Datamonitor. Over the past five years, the market for secured loans has increased by over 50%, however predictions indicate that...more
For those of us who spent most of our lives working and earning money, retirement can be traumatizing. Despite fervent encouragement from family members to live a calm, peaceful and stress-less lifestyle, the retirement lifestyle is not quite the...more
The reason why so many people spend a lot of time online to research on the products that they want to buy BEFORE they actually buy it is because comparison shopping, especially online shopping, pays! Well, it doesn't actually pay you cash, but it...more
When it comes to managing money many times it is best left up to the professionals and financial services that are knowledgeable and experienced. Financial services include a whole range of services, so if you need some form of financial services to...more