Financial Planning

How to Budget for Home Maintenance Costs

How to Budget for Home Maintenance Costs

Home maintenance costs are some of the most common surprises for first-time home buyers. When people contemplate whether or not they can afford a new home, they typically consider two things: if they have enough money for the monthly mortgage payment and if they can also afford the annual property taxes. Unfortunately, most people don’t think about home maintenance costs.

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Surviving the Financial Nightmare of Divorce

Surviving the Financial Nightmare of Divorce

Going through a divorce is never fun. Not for you, and definitely not for your children (if you have them.) The results of a heated, adversarial divorce can be catastrophic – both financially and emotionally for you. And a truly vitriolic divorce can put your children into therapy for many years to come.

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Reverse Mortgages – Benefits and Risks

Reverse Mortgages - Benefits and Risks

Reverse mortgages are a relatively new product to the financial industry. The concept of a reverse mortgage can be very beneficial especially for seniors who have run out of assets to draw from to maintain their standard of living. In simple terms, a reverse mortgage allows a borrower to cash out a certain amount of money from the equity in their home to use as they wish.

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Avoiding Financial Pitfalls in a Divorce

Avoiding the Financial Pitfalls of Divorce

When you ask people what are the largest financial transactions they will make in their lives, the most common answers are a home, college tuition or saving for retirement. For couples contemplating divorce, the largest financial transaction, without question, is their divorce.

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