It should go without saying that a high credit score is an attractive quality to have when visiting mortgage companies such as City Creek Mortgage. However, many people do not put enough effort to handle their finances well and in turn negatively affect their credit inadvertently. To keep your credit score as high as possible before visiting your lender’s office, …
Refinancing a home loan can bring a host of benefits, such as lowering your monthly payments, paying off the balance faster, and switching from an adjustable-rate mortgage (ARM) to a fixed-rate loan. This involves getting a new mortgage to replace the previous one. In doing so, the original investment needs to be paid off first to create a second loan. …
Everyone wants to become wealthy, or at least have the luxury of not having to worry about paying rent on time, sending the children to a good school, and having enough funds for retirement. Everyone needs to understand, though — teenagers, most especially — that nothing “just happens,” unless you win the lottery for 10 million dollars or some other …
Would you consider letting a virtual stranger into your home, sharing your personal space for a given time? Are you willing to give visitors free reign over your property, appliances, furniture, and other household amenities? If your answer to either is yes, then you’re cut out to be a home-sharing renter or a landlord. The question now is how to …
Fear of accumulating debt is understandable. Many of us have it, especially those who have experienced first-hand how devastating and stressful paying a debt back can be. I’m not a stranger to debt myself. I put myself through the wringer working part-time in addition to holding down a full-time job when I was fresh out of college. I had student …
In my years of working in an auditing firm, I’ve encountered people who were so good at making money. Their methods varied, but they had one thing in common: They had clear goals and worked hard at reaching them within a set period. What they were doing was financial goal setting. It is a practice I recommend to my family, …
As a child, I had a vague notion that to be wealthy, I should become an investor. I’d hear this word, along with others like stocks, bonds, and funds, in television, movies, and overheard conversations between adults. I knew early on that investments are important for financial security. What I didn’t know was when, where, and how to start. Among …
Every year, we promise to become smarter spenders and better savers for the months to come. Most of us do a good job in budgeting and holding back on leisure expenses in January, with many of us telling ourselves “I want to save money!” and holding off on major purchases for the month. After that initial burst of optimism, however, …
Read moreSaving in Modern Time: Ways to Enjoy a Modern Lifestyle While Staying Frugal