The deadline is quickly approaching but there’s still time to take advantage of the “First-Time” Homebuyer Tax Credit. The rules are simple, here’s what you need to know:
For example, with a home purchase of $65000, you would receive (continue reading…)
If you’ve been thinking about buying a new or used car, be very careful or you may be getting yourself into deep trouble. With the state of the auto market there are many great deals out there, whether you are looking for used or new cars, so the last thing you are expecting is to get ripped off. So beware, some buyers are ending up in a huge mess that they never bargained for.
Some car buyers when purchasing a new (or “new” to them) car, have traded in their old car which they were still making payments on. After all the paperwork is signed and the financing arranged, the buyer drives their new car home and the dealer keeps their trade in. Normally the dealership then pays off their old car, receives the title, and resells the car or sends it to auction.
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Interest rates began rising a few weeks ago, but rose very sharply last week. Interest rates on 30 year fixed mortgages have rise over 1/3 point in the past week and the national average is now 5.36% (up from 5.00%), Bankrate.com reported. The primary reason rates have begun to rise is due to the concern over how much money the U.S. Treasury is printing. Nevertheless, rates are on the rise, and most economic indicators suggest they will continue to rise in the coming months. What does this mean for you? It could be good news or bad news for you, depending on your current financial plans and goals, but here’s how you can make the best decisions in the coming weeks and months while facing rising interest rates. (continue reading…)
Today is “World No Tobacco Day” as designated by the World Heath Organization (WHO). The focus of the day is highlighting the health hazards caused by the use of tobacco products. The health concerns of using tobacco products are widely known, so on “World No Tobacco Day” I would like to encourage those who smoke or use tobacco products to quit for another reason: your wallet.
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Last Friday Barack Obama signed the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 (aka “Credit Card Bill of Rights Act”) into law. The law does not go into effect until February of 2010, but there has been lots of talk about this bill already. Let’s talk about what is really in this bill and what this bill really means for you and your wallet.
Interest Rate Increase Limitations. Companies cannot increase your interest rates on existing balances unless you are (continue reading…)
