Tuesday’s need-to-know money news

Image9Today’s top story: Insider tips for finding affordable long-term care insurance. Also in the news: The most affordable time of year to buy a house, states that help consumers save money on insurance, and an app that compares the prices of every ride sharing option.

5 Insider Tips for Finding Affordable Long-Term Care Insurance
Buy sooner rather than later.

The Most Affordable Time of Year to Buy a Home
Holding out until winter.

5 States That Help Consumers Get Answers, Save Money on Insurance
Do you live in one of them?

RideGuru Compares the Cost of Every Ride Sharing Option
Don’t get taken for a ride.

Wednesday’s need-to-know money news

retirement-savings3Today’s top story: Tax breaks and loan options to pay for college. Also in the news: Why you should buy a home after school starts, how to refinance your student loans, and how to de-stress your retirement program.

Tax Breaks and Loan Options to Pay for College
Easing the burden.

4 Reasons to Buy a Home After School Starts
Less buyer demand.

How to Refinance Your Student Loans
Getting a better deal.

How to de-stress your retirement plan
Taking a deep breath.

Wednesday’s need-to-know money news

1381460521Today’s top story: 7 ways to cover the cost of emergency home repairs. Also in the news: How to buy a home with a low down payment, breaking up with your credit card company, and 5 ways to save on Medicare.

7 Ways to Cover the Cost of Emergency Home Repairs
What to do when something goes kaput.

Beyond FHA Loans: How to Buy a Home With a Low Down Payment
Thinking outside the FHA box.

Are you using the wrong credit card?
Breaking up with your credit card company.

5 Ways to Save on Medicare
Mastering the Medicare maze.

Q&A: Getting a new mortgage after a foreclosure

Dear Liz: Is it true that we can’t refinance our home until seven years after a foreclosure? We lost a rental property six years ago. Our credit scores now are in the 740 range, and we are anxious to take advantage of lower rates since our mortgage rate is 5.75%. Other than the foreclosure, our credit is perfect.

Answer: As foreclosures surged, the agencies that buy most mortgages increased the amount of time troubled borrowers had to spend in the “penalty box” before being allowed another mortgage.

Fannie Mae and Freddie Mac still have a seven-year waiting period after foreclosures. But that has been shortened to three years when borrowers can prove “extenuating circumstances,” such as a prolonged job loss or big medical expenses. Waiting times for other negative events, such as bankruptcy or short sale, have been reduced to two years with extenuating circumstances. Otherwise, it’s four years.

There are other loan programs that are even more forgiving. For example, the FHA has a three-year waiting period that can be shortened to one year if borrowers participate in its “Back to Work” program, which requires they document a significant loss of household income, that their finances have fully recovered from the event and that they’ve completed housing counseling. The Veterans Administration, meanwhile, makes loans available one to two years after foreclosure.

Thursday’s need-to-know money news

currencyToday’s top story: Why you’ll always need cash. Also in the news: Must-know tips for selling your home, nontraditional ways to fund your retirement, and why people with low checking account balances pay high fees.

Why You’ll Always Need Cash
We’re not going all-digital just yet.

5 Must-Know Tips for Selling Your Home
How to get your asking price.

10 Nontraditional Ways to Fund Your Retirement
Thinking outside the box.

People with low checking account balances pay over $500 a year in fees
Overdraft fees can pile up quickly.

Tuesday’s need-to-know money news

imagesToday’s top story: Simple ways to teach your kids about money. Also in the news: Investing tips for those in their 20s, the best things about buying a house in the fall, and why you should look at frugality as a method instead of a lifestyle.

Simple Ways to Teach Your Children About Money
It’s never too early to start.

5 Investing Tips for Your 20s
Taking the longview.

The 7 Best Things About Buying a House in the Fall
Timely tax deductions.

Think of frugality as a method, not a lifestyle, to avoid wasting your time
It’s not just about saving money.

Thursday’s need-to-know money news

download (1)Today’s top story: Benefits for Millennials. Also in the news: The downsides of prepaid debit cards, a parents’ guide to insurance for college students, and how your house can save your retirement.

Benefits 101 for Millennials: What You Need to Know
New job, new perks.

Prepaid Debit Cards Are Popular but Still Have Downsides
Keep an eye on fees.

The Parents Guide to Insurance for College Students
Keeping them protected when they leave home.

How Your House Can Save Your Retirement
Using your house as a retirement fund.

Tuesday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: Questions you should ask your credit card issuer. Also in the news: Student loan tips your need to know, nearly half of couples split home down payments, and personal finance myths experts want to see disappear.

6 Questions You Should Ask Your Credit Card Issuer
Knowing the hows, whens, and whys.

5 Student Loan Tips You Should Know (But Probably Don’t)
Tips from exit counseling.

Nearly Half of Couples Split Home Down Payment, NerdWallet Survey Finds
Going 50/50.

8 Personal Finance Myths Money Experts Want to See Disappear
Mythbusting.

Wednesday’s need-to-know money news

interest-rates-300x225Today’s top story: When to expect a fed rate hike. Also in the news: The hazards of long-distance home shopping, what being a landlord means for your taxes, and why back-to-school shopping doesn’t have to be a budget-buster.

Fed Rate Hike Likely Later Rather Than Sooner, Experts Say
When you can expect a jump.

The Hazards of a Long-Distance Home Purchase
Proceed with caution.

Want to be a landlord? Here’s what it means for your taxes
It’s a whole new ballgame.

Back-to-school shopping doesn’t have to be a budget buster
It’s already that time of the year again.

Tuesday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: Carrying a credit card balance for the first time. Also in the news: Closing the bank of Mom and Dad, why the starter home is in decline, and an employee benefit that could help with student loans.

Carrying a Credit Card Balance for the First Time
Managing the debt.

Closing the Bank of Mom and Dad
Take your business elsewhere.

More first-time buyers skip starter home stage for bigger, better
The decline of the starter home.

This employee benefit could become as popular as the 401(k)
Seeking help with student loans.