7 Reasons Never to Do a 100% Auto Loan

There’s something of a bubble taking place in the auto loan finance market. How I know this is happening: lenders and dealers are offering 100% auto loans. During the heyday of the mortgage bubble, the mortgage industry had the same product, but it was generally referred to as “zero down.” It’s virtually the same thing, […]


Review: Goldman Sachs is Not Just for the Wealthy Anymore

The Goldman Sachs Group was founded in 1869. It’s one of the world’s leading investment banks, offering banking, securities and investment management services to corporations, other financial institutions, governments and high net worth individuals. With the launch of Goldman Sachs Bank, or GS Bank for short, the bank is now looking to manage everybody’s money. […]


30 Items You Need to Budget for When You Buy a Home

When people are making the own-vs-rent analysis, they typically compare the monthly payment involved in owning a home—principal, interest, taxes, and insurance, or “PITI”—next to what it would cost to rent the same home. But what that analysis ignores is that it’s not all about monthly payment. In fact, it isn’t even about the income […]


Everything You Need to Know About PMI on FHA Mortgages

In the past three years, the Federal Housing Administration (FHA) has changed its rules regarding private mortgage insurance (PMI). These rules have changed the entire nature of PMI as it applies to FHA mortgages, specifically. Though the FHA tweaks rules frequently, there have actually been two significant changes: one good, and the other not good […]


What Kind of Mortgage Does Your Credit Score Qualify For?

You’re probably already aware that your credit score plays an important role in your ability to apply for a mortgage. But what you may not realize is that it even limits the types of loans and loan programs that you are eligible to apply for. Here are the minimum credit score requirements for the three […]


Is a Spousal IRA Right for Your Retirement Savings Needs?

The spousal IRA, also known as the Kay Bailey Hutchison Spousal IRA, is a special provision IRA that is available to spouses who do not work outside the home. It gives such spouses the ability to create and fund their own IRA, even though they do not earn income. This is a powerful advantage for […]