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Mortgage Professor about retirement plan: 
Does 401K Debt Count?
"I have outstanding loans against my 401K retirement plan.  Since I owe it to myself, does it count as debt service that is included in the total expense ratio, limiting the mortgage for which I can qualify?" You do owe it to yourself.  On the other hand, if you leave or ... more...

Interest-Only Mortgage a Stepping Stone to Retirement?
May 3, 2004 ?Does it make sense to use an interest-only loan to buy the home of our dreams? We feel that is the only way we will be able to afford it. We are near retirement age and will have significant equity in the house, but our income isn?t large enough to afford more than ... more...

retirement plan related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

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Get Free retirement plan Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Fixed Rate Mortgage Loans - Understanding The Basics
Fixed rate mortgages are the most common type of mortgage loan for home buyers. With predictable payments, long term homeowners can plan their budgets and guard against rising interest rates. But a fixed rate mortgage is not for everyone with its higher interest rates and a reduction in your buying ... more...

Debt Recovery Solutions
Debt piled up can lead to a financial crisis. However, there are several solutions available to help you recover from debt. Securing a loan to consolidate your bills can create one low interest monthly payment. Debt management companies can also help you reduce your debt and interest rates. A ... more...

Is the New Millennium Method Really $1.204,000 Better then a Bi-Weekly Mortgage
This Article will compare and Contrast the Old-School Bi-Weekly Mortgage Method with the New Millennium Invest the Difference Method. Can The New Millennium Method really result in over $1,200,000 more money in your Retirement Account.A Bi-Weekly Mortgage is a Craze that has been Sweeping the ... 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...

Setting Financial Goals - Part 2
In my earlier article Setting Financial Goals Part 1 I identified the 4 simple steps to setting up achievable financial goals. I mentioned that your financial goals should be broken down into smaller more manageable goals and then written down to help you visualize them. This article expands ... more...

California Reverse Mortgages
California Reverse Mortgages are a different kind of mortgages that are proving to be very popular with senior citizens. A Reverse Mortgage allows the property owner to stay in the house, unlike the regular kind of mortgage that dictates that the homeowner move to a different place when the ... more...

Can You Calculate Complex Financial Calculations?
Are you a whiz at calculating financial information? Not the easy personal stuff, like figuring out your monthly mortgage based on a fixed interest rate for x number of years, or how much money you have available each month after all your bills are paid. (You can probably use your fingers to ... 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...

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...

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