Do terms like adjustable rate mortgage, 30-year interest rate, and other mortgage loan terminology make your head spin? You are not alone. Know what your options are when shopping for a mortgage so you find the loan that best suits your needs.
You are allowed to save for retirement with multiple kinds of retirement accounts. You can have your 401(k) and you can also open up a Roth IRA. It is also possible to have more than one of the same types of IRA account but in different investment firms. Keep your retirement accounts and don't dip into them for other things like a down payment on a home.
The green home design movement includes recycled kitchen countertops. You can also buy home design products that have been inspired by nature, with a pro-environment or green theme. Designers from Marcus Curtis Design and Herman Miller share some of their new green home design products.
Fixed rate mortgage or adjustable rate mortgage (ARM) - choosing the best mortgage for you depends on your current situation. Ilyce advises a reader about whether a fixed or adjustable rate mortgage would be the best choice for his particular situation. Adjustable rate mortgages allow you to refinance, and save money as a opposed to a fixed-rate 30 year mortgage.
A new condo owner is confused about whether she owes gift taxes or capital gains on the sale of her mother's home. Ilyce explains the rollover replacement rule and gift taxes versus capital gains. Always get a real estate attorney and tax adviser when selling a home when taxes like the gift tax or capital gains are involved.
A retired couple would like to pay cash for their new home. Seniors living on a fixed income should do everything they can to reduce their monthly expenses. You can pay cash for a house and open up a home equity line of credit instead of taking out a mortgage loan.
Innovative storage ideas rarely make the pages of Architectural Digest. Fortunately, three new books tackle the problem by visually presenting several hundred pages of options.
