Courtneyk | E+ | Getty Images Americans face a potential shortfall in their retirement savings, putting them at risk financially. One factor that contributes to this is lifestyle creep, where people upgrade their lifestyle as their income increases. However, one particular upgrade – buying a second home – can be extremely risky for long-term financial …
swissmediavision | E+ | Getty Images For those embarking on summer travels, there is promising news: Gas prices have significantly dropped compared to last year. “What a difference a year makes,” expressed Andrew Gross, a representative for AAA, the renowned motoring and leisure travel membership organization. As of Friday, the national average for a gallon …
As interest rates have risen, homebuyers have faced higher borrowing costs. In response, more home purchasers are choosing to buy mortgage points to mitigate the impact of increased monthly payments. Mortgage points allow buyers to pay an upfront fee in order to lower the interest rate on their loans. In some cases, sellers may assist …
When it comes to buying a home now, there are plenty of challenges. But homeownership can be a great way to build wealth and to maintain housing stability, said Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners, a boutique advisory firm in Atlanta. Achieving that goal now can be challenging, with …