Monday’s need-to-know money news

Today’s top story: Determining the best way to do your taxes. Also in the news: Refinancing an FHA loan, what’s next for the stock market, and why now is the time to hunt for higher rates on your bank accounts.

Determining the Best Way to Do Your Taxes
Finding the way that works best for you.

FHA Streamline Refinance: 5 Strict Conditions
Meeting the tough requirements.

Trump’s in, Dow Hits 20,000: What’s Next for the Market?
Looking at the market under a new administration.

Now’s the time: Hunt for higher rates on your bank accounts
It’s a year of rising interest rates.

Tuesday’s need-to-know money news

financial-toolboxToday’s top story: 7 ways to improve your finances in 2017. Also in the news: How to help your kid graduate from college debt-free, how rising home values can boost your mortgage refinance, and why Americans are blowing it when it comes to personal finance.

7 Ways to Improve Your Finances in 2017
Making the most of the new year.

Help Your Kid Graduate From College Debt-Free
The greatest graduation gift of them all.

Rising Home Values Can Boost Your Mortgage Refinance
You could be able to tap your home equity.

Americans are blowing it on personal finance
Making financial literacy one of your goals.

Friday’s need-to-know money news

mortgageToday’s top story: How to know you’re mortgage pre-approval worthy. Also in the news: AmEx doubles your rewards at small businesses until the end of the year, where the savviest shoppers live, and the most common money schemes people still fall for.

How to Know You’re Mortgage Preapproval Worthy
Don’t be caught by surprise.

AmEx Doubles Rewards at Small Businesses Till End of 2016
A win-win all around.

Study Finds Where the Savviest Shoppers Live and What They’re Buying
What’s happening in your area?

The Most Common Money Schemes People Still Fall For
Don’t get duped.

Thursday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: Why your bank may not be giving you the best interest rate. Also in the news: How to manage the variable costs in your budget, how to avoid bank fees, and the highest paying college majors.

Why Your Bank May Not Be Giving You the Best Mortgage Rate
Two ways to tilt the odds in your favor.

5 Tips to Manage the Variable Costs in Your Budget
Expecting the unexpected.

Americans spent $11 billion in bank fees in 2015 — here’s how to avoid them
Stop paying for access to your money.

These Are the Highest Paying College Majors
Where does yours rank?

Monday’s need-to-know money news

best-emv-chip-credit-cardsToday’s top story: How your credit score affects your mortgage rate. Also in the news: Why free shipping isn’t always free, how people are feeling about chip credit cards, and the four personal finance questions you need to ask yourself before retiring.

How Your Credit Score Affects Your Mortgage Rate
Borrowing at higher rates.

Why Free Shipping Isn’t Always Free
Building the price into your purchase.

How much do people really hate chip cards?
Not as much as you may think.

4 Personal Finance Questions You Need to Ask Yourself Before Retiring
Answers you need before taking the big step.

Q&A: Removing a quit-claim house mortgage from your credit

Dear Liz: I recently divorced and quit-claimed my house over to my ex-wife. She has been making all the payments on time but the mortgage still shows up on my credit. Because of this, I can’t borrow as it is considered my indebtedness still. Do you know of anyway of having it expunged from my credit reports?

Answer: She will have to refinance the mortgage in her own name to get you off the loan. The contract you signed with the lender otherwise remains in force and isn’t affected by the divorce agreement.

It’s good that she’s making payments on time, since a single skipped payment could trash your credit scores.

It’s unfortunate your attorney didn’t advise you of the consequences of quit-claiming the property while remaining on the mortgage. It’s rarely a good idea to give up an asset while keeping the liability. A better approach is to separate your credit before the divorce is final. That means closing all joint accounts and transferring the debt to separate accounts in the name of the person who will be responsible for the payments. If your ex wasn’t able to get approved for a refinance, the house could have been sold so that you wouldn’t be on the hook indefinitely.

Thursday’s need-to-know money news

Today’s top story: 6 ways you’re sabotaging your mortgage preapproval. Also in the news: the top 10 car buying apps, how to keep from going broke when you get divorced, and your financial to-do list for September.

Stop! 6 Ways You’re Sabotaging Your Mortgage Preapproval
Stop it!

10 Top Car-Buying Apps
Savings at your fingertips.

6 ways to keep from going broke when you get divorced
Protecting your finances during a difficult time.

Your September Financial To-Do List
New season, new tasks.

Monday’s need-to-know money news

crop380w_istock_000009258023xsmall-dbet-ball-and-chainToday’s top story: Mortgage application forms will look different next year. Also in the news: 5 times you shouldn’t use a credit card, why you should say no to 72-84 month auto loans, and why you need to stop being delusional about debt.

It’s Coming: The First Change to Mortgage Application Forms in 20 Years
An easier to understand application is on the way.

5 Times You Shouldn’t Use a Credit Card
High interest rates could leave you in a debt spiral.

5 Reasons to Say No to 72- and 84-Month Auto Loans
Long term loans set you up for years of negative equity.

Don’t be debt delusional: Quit buying stuff you can’t afford!
Time for a reality check.

Friday’s need-to-know money news

Today’s top story: Amazon launches a car comparison site. Also in the news: HARP loans get extended through September of 2017, 4 finance apps every college student needs, and what to do if you can’t afford your kids’ school supplies.

Amazon Launches Car Comparison Site
The online giant gets in the car game.

HARP Loan Extended Through September 2017
Struggling homeowners have more time to refinance.

4 Finance Apps Every College Student Needs
Sticking to a budget while on campus.

What if You Can’t Afford Your Kids’ School Supplies?
Don’t be afraid to reach out for help.

Monday’s need-to- know money news

mortgage2Today’s top story: What happens to your mortgage when you die? Also in the news: 3 things more important than a bank’s savings rate, 5 times when you shouldn’t use a credit card, and how to curb your impulse spending.

What Happens to Your Mortgage When You Die?
Who will continue the payments?

3 Things That Matter More Than a Bank’s Savings Rate
Properly managing your savings is more important.

5 times you shouldn’t use a credit card
There are cheaper methods of financing.

Curb Impulse Spending by Focusing on the Space Between a Stimulus and Your Response