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Second Mortgage Versus 401K Loan
July 10, 2000 "I need $10,000 for a home improvement.  I can either take out a home equity loan or I can borrow from my 401K retirement fund.  Would the tax benefits on the home equity loan outweigh the advantage of ... more...

What Is Predatory Lending?
November 8, 1999 "What is 'predatory lending'"? Predatory lendinghas been much in the news lately, and legislation has been introduced in a number of states to regulate it away. Most of this proposed legislation is ill-advised -- a knee-jerk response to horror stories. ... more...

retirement plan insurance assets housing expenses home equity related definitions

Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more...

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

More about retirement plan insurance assets housing expenses home equity

Creating A Realistic Business Budget
Budgeting -- ooh, what a scary word! If you want to frighten someone whose business finances are out of control, suggest that they tally up their expenses on a piece of paper. We all understand the value of such an exercise, but when it comes to the practicality of putting a budget together, we get ... more...

Planning Starts with the Basics
When developing a plan for your finances, the toughest question often is: Where do I begin? Before investing in stocks and bonds or buying life insurance, before implementing any change or making any decisions, you first need to analyze and understand your entire financial picture. Two documents ... more...

A Fathers Dilemma: Can We Help Our Children, Without Crippling Them?
Breakdown in the Becky Lane!I'd just sat down at my office away from home, the local Panera, when another regular customer, Harold, sidled up to my table. We'd chatted a number of times before, and he was intrigued by my title of Financial Sanity Coach and knew I had been working on my book, "Good ... more...

Life Insurance Information
Life insurance is a personal insurance plan designed to pay out a sum of money on the death of the policyholder. Life Insurance is an insurance that is taken out against a persons life. It will pay out either a lump sum or monthly contributions to the trustee or next of kin in the event of the ... more...

Financial Strategies for Transitioning from Salaried to Solo
7 Financial Strategies for Transitioning from Salaried to SoloA 40s something woman was talking to me the other day about her growing sense of frustration with working for someone else and her longing to do my own thing, drive my own wagon. But, she said with consternation, I have family counting ... more...

Reaping Financial Rewards Bad Credit Home Equity Loans
Home is the place you inhabit. It is the place where you live, breathe, grow, thrive. It does more than just providing a living space. The moment you build up this house, or moved to your present apartment, you did not realize that you have struck it rich. Rich that is not the exact word to define ... more...

Are You Ready To Be Fired?
Your boss has just informed you that your department is being reduced by two and you are fired. After he leaves, what are you going to do? This is not about finding a job its about being prepared for financial change. How you prepare for employment change is different for everyone. Being prepared ... more...

Are You Ready to be Fired!
Your boss has just informed you that your department is being reduced by two and you are fired. After he leaves, what are you going to do? This is not about finding a job its about being prepared for financial change. How you prepare for employment change is different for everyone. Being prepared ... more...

What is Your Challenge
January is almost over.Why do most New Years Resolutions fail?By now, many New Years resolutions would be thrown out,forgotten, shrugged off. There is always next year.Why do they fail? Perhaps, because these resolutions arerenewed, recycled, reworded every New Year, without a serious intent of ... more...

6 Proven Wealth Building Strategies
Building wealth is as simple as saving a little bit here and a little bit there. You need not have great riches in order to accumulate wealth, but you need to have the drive, determination, and discipline to successfully increase your wealth. Lets look at 6 proven wealth building strategies you can ... more...

Re-discovering the Fundamentals of Financial Planning
To lose weight in the 80s, we went on low-calorie diets. In the 90s, we switched to low-fat diets, and now, in the 21st Century, we are completely convinced that its all about the low-carb diet. What ever happened to just eating healthy?In a culture where everyone is looking for shortcuts, its not ... more...

Get Rich Slowly
Is it hard to get rich? If youre young, not really.Its fun to play with financial calculators and see what might happen.If you have just graduated from college and are about 22 years old and if you put $100 a month in an IRA that grows at 10% a year, you will have around $865,000 at age 65. 10% ... more...

Learn The 15 Debt Elimination Steps You Must Take Immediately!
What Everybody Needs To Know...Learn The Truth About Debt Elimination!Here`s how we have been taught to charge, charge, charge and promised Easy monthly payments by advertisers who seduce us into debt. So its no accident that the credit, finance and loan companies end up with most of our money, ... more...


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