Articles

Speculation Is Not a Plan

2020 certainly has been a year to remember, with what feels like more headline-worthy events than one can count.  As we look toward the fall, it seems that the drama of 2020 will only continue…

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Should You Choose A Fixed Or Variable?

Tip: Common Indexes. The most common indexes to which the interest on adjustable-rate mortgages is pegged are the 1-Year Constant Maturity Treasury Index, the Cost of Funds Index (COFI), and the London Interbank Offered Rate Index…

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Lots Of Variables With Fixed-Rate Mortgages

Tip: Payment Practices. Depending on the loan, a home buyer who chooses a 30-year mortgage may have the option to make extra payments. In a sense, this enables the borrower to treat the long-term loan like…

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How Does Your Credit Score Compare?

Fast Fact: Get Over It. A bad credit score doesn’t last forever. Since your credit score is a “snapshot” of your risk at a particular point in time, it changes as new information is added to…

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Spotting Credit Trouble

Fast Fact: Credit Inquiries. Your FICO score won’t drop by much when you apply for new credit. But if you apply for several new credit cards over a short period, your credit report will reflect the…

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What Do Your Taxes Pay For?

Tip: Mid May. If the government had raised taxes enough to cover federal borrowing, we would have had to work until May 10 just to cover the tax bill. Source: FoxNews.com, April 24, 2016 Taxes are one of…

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Understanding Marginal Income Tax Brackets

Tip: High Bracket. In 1944, the highest federal income tax bracket was 94%. It applied to all income above $200,000 a year and applied to all taxpayers, regardless of filing status. Source: Tax Policy Center, 2017…

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