When is the Best Time to Utilize Cash Out Refinancing?

Cash Out

At the height of the housing market boom, it seemed like every homeowner was taking out a home equity line of credit or performing cash out refinancing. Cash out refinancing isn’t quite as common these days, but it can still be a useful tool. Before you decide whether cash out refinancing is right for you, […]

Published or Updated: April 5, 2013

What is Tax Form 1040 Schedule B?

Schedule B

If you have a savings account, mutual fund, bonds, dividend-paying stocks or any interest bearing account, you may need to attach a Schedule B to your Form 1040 (tax return) come spring. Filers are generally required to fill out a Schedule B if interest and dividend income from all sources exceeds $1,500. You’ll also need […]

Published or Updated: April 5, 2013

How Does the Making Homes Affordable Program Work?

MHA

The Home Affordable Modification Program, which aims to stabilize the housing market and help homeowners who are struggling to pay their mortgages, was introduced in February 2009 as part of Obama’s Financial Stability Plan. The Financial Stability Plan attempts to address the key problems at the heart of the current economic crisis and to get […]

Published or Updated: April 21, 2014

What Online Banking Can’t Do For You

Online banking really is awesome. Anyone who manages an online account knows the great joy in 24/7 access, online bill-pay and automated banking services. There’s a lot online banking can do for you, but what’s less promoted is what it can’t. The online banking experience is only as great as the account holder makes it. […]

Published or Updated: September 19, 2010

The DoughRoller Weekly RoundUp (Citibank Selling Student Loans Edition)

Citibank

In another moved fueled by the US Government, Citibank has decided to sell off it’s student loan business.  The reasoning behind the move is simply to strengthen the core of Citibank (meaning the online and brick and mortar baking aspects) while removing all of the smaller components of the bank.  While it’s unclear just how […]

Published or Updated: April 3, 2014

9 Things You Won’t Find in Your FICO Credit Score

FICO Score Formula

Photo: LiewCF Although not the only credit score in use, the FICO score is the best-known and most widely used credit score in the United States.  Creditors use your FICO score (and other scores) to determine your eligibility for loans, credit cards and other types of credit.  Employers will often request your credit score to […]

Published or Updated: April 4, 2013

The Best Secured Credit Cards of 2014

Platinum Zero Secured Visa

If you find yourself being turned down for unsecured credit cards, one of the options you have in obtaining credit comes from a secured credit card.  A secured credit card is different than an unsecured credit card because your approved credit limit depends on the amount of your initial deposit. Unsecured credit cards provide cardholders […]

Published or Updated: January 6, 2014

The Lost Art Of Balancing Your Checkbook

Checkbook

With the advent of online banking, balancing one’s checkbook has become a thing of the past. Those who grew up in the Internet age have little to no clue what a check even looks like. For the most part, Generation Y has used debit cards and credit cards throughout most of their adult lives and […]

Published or Updated: April 4, 2013

What is Debt to Income Ratio?

Debt to Income

Photo: Images_of_Money A debt-to-income ratio, otherwise known as DTI, is the percentage of a consumer’s monthly gross income that goes toward paying debt. In simple terms, a consumer’s DTI is calculated by dividing the amount of monthly debt payments by gross monthly income. The DTI ratio is extremely important when it comes to qualifying for a […]

Published or Updated: April 4, 2013