admin Whole life insurance is a type of permanent coverage that’s offered in a range of “styles” to suit different needs. Since permanent coverage, including whole life, is more expensive than temporary or “term” coverage, many of the different types of whole life insurance have evolved to help owners manage the cost of premiums. But other … Read more
Starter home Forever home Definition A home you plan to own for a short period before buying another one The only home you plan to buy Home features May have drawbacks in size, location, or other features Must meet both current and future needs Cost Typically cheaper Typically more expensive Mortgage May prefer an ARM … Read more
That’s the last time (before now) the S&P 500 had fallen five weeks in a row, showing why the stock market’s recent deterioration is so hard to take. The nearly 11-year stretch without such losing streaks was the longest in the history of the index going back to 1928, according to analysts at Deutsche Bank, … Read more
If you’re like most people, you’ll need to take out a mortgage to buy a home. According to the US Census Bureau, 94% of people who bought a home in 2021 purchased it with a mortgage. When you start shopping for a mortgage, it’s easy to get overwhelmed. There are lots of different types of … Read more
Average 30- and 15-year mortgage rates climbed back toward their recent peaks, the latest in a series of up-and-down swings. The average on a conventional 30-year fixed mortgage rose to 5.92% from 5.77% the previous business day. Last month it reached 6.19%, its highest point since at least 2019, and likely much farther back. (Our … Read more
If you’re looking for flexible funding, you can tap into your home equity with a home equity line of credit (HELOC). A HELOC is a revolving line of credit that uses your home as collateral. Using a HELOC can be risky, so homeowners typically use them for major life expenses, not daily expenses. Let’s learn … Read more
Key Takeaways An enhanced life estate deed transfers ownership of property after the owner’s death without the necessity for probate. The owner retains control of the property after the deed is in place and during their lifetime, unlike with standard life estate deeds. Enhanced life estate deeds were recognized by only five states as of … Read more
Key Takeaways Elder law is a field of law that focuses on legal issues that affect older individuals. Major areas of elder law include disability and special-needs planning, long-term care planning, estate planning and settlement, guardianship or conservatorship, and elder abuse. Elder law attorneys can be found through the NAELA. Definition and Example Elder Law … Read more
Key Takeaways Fungible investments can be bought and sold on different exchanges. Fungible trading works when you can buy/sell on one exchange, and sell/buy on another exchange, netting your share position to zero and earning a profit. Opportunities to profit from price differences are known as arbitrage, and they come and go quickly as the … Read more
Key Takeaways A stock quote shows the current price of a stock based on recent activity on its exchange. It also includes a wide range of additional information to help investors judge a stock’s profit potential. Depending on where you are getting your stock quotes, prices could be delayed, which could affect your trades. Definition … Read more