A Refinance Opportunity Has Emerged Now That Mortgage Rates Have Declined

As a multiple residential property owner, I am constantly watching interest rates and the 10-year yield. A refinance opportunity has emerged yet again now that mortgage rates have declined. Has it been a while since you last refinanced your mortgage? Now is the time to check mortgage rates for free. See how much you could

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The Average Spending Amount In Retirement Is Surprisingly High

Despite the typical American having less than $150,000 for retirement, the average spending amount in retirement is surprisingly high. According to the Bureau of Labor Statistics data, “older households” – defined as those run by someone 65 and older – spend an average of $45,756 a year, or roughly $3,800 a month. I don’t know

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Important Details Investors Should Know About The Coronavirus

Thank goodness the stock market, real estate market, and economy bounced back since the worst of the coronavirus hit in early 2020. That said, here are important details investors should know about the coronavirus. The coronavirus is likely here to stay even though we have multiple vaccines. Coronaviruses are actually a group of viruses that cause diseases in

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How Long Will The Average Person Take To Earn $1 Million Around The World?

The Economist put out an interesting chart highlighting how long it takes the median household income to earn one million dollars before tax. Have a look. Given the median US household income was roughly $68,000 in 2021, it will take roughly 14.7 years for the typical household to earn $1 million gross. For 2026, the

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30-Year Fixed Mortgage Loan Or An Adjustable Rate Mortgage (ARM)?

Are you trying to decide between a 30-year fixed rate mortgage loan or an adjustable rate mortgage (ARM)? My opinion is that a 30-year fixed mortgage loan is a suboptimal mortgage that will cost you extra money. With the average homeownership period of around 13 years, there’s no reason to overpay for 30 years. For

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Three Things I Learned From My Estate Planning Lawyer Everyone Should Do

My estate planning lawyer said something interesting before I decided to hire her. “People who aren’t rich might need estate planning more than rich people because they might not be able to afford to pay probate fees in the case of an untimely death.“ Leave it to the US court system to make the distribution

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