Cash Articles and Videos - Page 1

Refinancing while you're unemployed may not be possible even with a large amount of savings and a high net worth since lenders are requiring more documentation. If you want to refinance, you will be required to show proof of employment, cash reserves, and more documentation. Without a job, any…

If you receive a cash inheritance, one of the smartest things you can do is pay off your credit card debt. By paying off your credit card debt you will improve your credit score by having more credit available. Paying off your credit card debt with a cash inheritance will provide the most benefit to…

HUD Secretary Donovan and FHA Commissioner Stevens briefed leaders on the FHA's financial outlook today, in coordination with the release of its annual independent actuarial study. The study found the capital reserve ratio to be 0.53 percent of total insurance in force this year, well below the…

FHA cash reserves fall to the lowest level in history, below the congressionally mandated level. The Federal Housing Administration's mortgage insurance cash reserves fell to the lowest levels in recorded history, 0.53 percent. The FHA announced today FHA cash reserve levels have fallen below the…

In some parts of the country, investors will close one day and receive funds from the sale on another day. Those investors should make sure their interests are adequately protected. You don't want to sell an investment property, hand over the keys and not receive your money at closing or settlement…

During the housing bubble it was possible to buy a home for nothing down. Today, you have to have a down payment. But where can you get a down payment to buy a home? Fannie Mae and Freddie Mac have said that the biggest obstacle to home buying is a cash down payment. But that down payment ensures…

What can you do if you're retired and your investments plummeted during the financial crisis? One option may be to get a reverse mortgage, where a mortgage lender either pays you a lump sum or a monthly payment based on your home equity. To repay the loan, it must be repaid either through a home…

A prospective car buyer has saved enough to buy his next automobile in cash, but is considering financing it to build on his already-good credit. A car loan isn’t needed to keep your credit in great shape. If you’re able to buy a car with cash, you can use the Internet to research and negotiate and…

A homeowner lives in an area where it’s tough to keep up with his wealthy neighbors. A big part of making smart personal finance decisions is being well-grounded and understanding that life isn’t a competition. You can live a rich life simply by having enough money to purchase what you need.

One in five Americans believes that winning the lottery is the only practical way to become wealthy. But a better alternative to winning the lottery to become a millionaire is to save. Here’s how to turn those lottery investments into profitable savings.

A real estate investor has found himself with extra cash each month and isn't sure whether to pay down the mortgages or spend it on additional investment property. When it comes to investment property, every dollar that goes into the property is written off against the income the property brings in…

A financial planner can help you make investment decisions when it's time to draw on retirement funds. Shorter-term investments might be wise to ensure that money is available on short notice. Mutual fund investments will also allow you to have access to the cash if needed.

If you're thinking about buying life insurance, there are several policies to consider including a universal life insurance policy or cash value policy and term life insurance. With a universal life insurance policy, you pay over time and part of the premium goes into a savings plan with little…

Financial planning and saving money is the responsible way to prepare for the future. But sometimes too much financial planning and saving money can be a bad thing. Don't let your financial planning get in the way living a happy life.

Real estate IRAs let you use IRA cash to invest in real estate. With stock market returns down, there's been a surge of interest concerning using IRAs to invest in real estate. Some self-directed IRA accounts give the flexibility to invest in real estate.

Sometimes new home buyers do not have 20 percent of the purchase price for the down payment. First time home buyers often have to pay for private mortgage insurance (PMI). A piggy back loan can help first time home buyers or anyone who is short of cash for a down payment.

Financing a car may be a better option for some people than paying cash. Financing your car through the dealer, allows you to use the cash for other purposes. If you finance instead of paying cash there are several things to get in writing including the prices of the vehicle, the finance charge and…

A retired couple would like to pay cash for their new home. Ilyce is all for seniors reducing their daily living expenses, she suggests paying cash for the house and opening up a home equity line of credit. By paying cash for their new home and taking out a home equity line of credit, the home…

A young couple is deciding how much of their investments to cash out and use them to buy a new home. The best advice Ilyce can give you is to walk the moderate course and cash out some investments in order to buy a new home. Ilyce says while it is important to cash out some stocks to put cash into…

On yesterday's show, I discussed my support for the federal government putting through a big infrastructure bill, such as the one that was announced in China yesterday. China is going to spend $586 billion on infrastructure projects out of a $6 trillion economy. The US economy is $14 trillion, so to…

In settling an estate, the administrators have to pay any taxes due, if the estate has a large enough monetary value per the IRS requirements. In some cases, the estate will have enough cash on hand to pay the taxes due. An estate administrator asks about paying taxes on a $5 million estate. The…

A real estate investor asks about doing a cash out refinance of his investment property. Taking cash out during a refinance has become more difficult, especially for investment properties. What can the real estate investor do to access the equity in his investment property?

There's a lot to talk about on Today's Show.

CDs Are Looking Like A Better Deal

Interest rates are starting to rise, which means that CDs are looking like a better place to park your cash. Wachovia is offering 4.25 percent on a 1-year CD and Countrywide is offering 5 percent on a 5-year CD. You don't…

While in grad school, I covered the bankruptcy beat for about six months. It was during the time when there was excess liquidity, or cash, in most markets - the stock market, real estate market and so on. And many of the bankruptcy professionals I talked to said that their business improves when the…

After a home sale falls through, a buyer asks about getting earnest money back from a real estate agency. The real estate agency cashed the earnest money check. What can the buyer do to get her earnest money back?