All About Finances

Archive for the ‘Personal Finances’ Category

Are you thinking about a reverse mortgage but are concerned about the costs involved? If so, this article is for you. We will discuss loan origination fees, mortgage insurance, title insurance and other closing costs as well as the interest rate – which can be one of the the biggest reverse mortgage costs of all. [...]

If you are considering a reverse mortgage but are wondering if there are any drawbacks, you’ll want to read this article. Specifically we’ll look at some reverse mortgage pitfalls, cover the costs of obtaining a reverse mortgage, reverse mortgage loan caps, and age requirements. By the end of this article you should understand some of [...]

A DRIP is what is known as a “Dividend Re-Investment Program.”  Even though the term contains the word “dividend,” most modern DRIPs do not actually involve the reinvestment of dividends due to the fact that most corporations today do not in fact issue dividends.  However, DRIPs are still going strong because of all of the [...]

A fixed asset is specially defined by accounting rules.  For an asset to be fixed (or by most worldwide accountancy standards count as “property, plant, and equipment”), it must be an asset purchased specifically for business use that may be difficult or impossible to quickly convert to cash.  It must be real and tangible (i.e. [...]

Personal loans are becoming an increasingly rare type of loan, particularly as banks have been running into trouble with their more profitable standbys like credit cards and mortgages.  Even for people with very high credit, banks have been extremely hesitant to issue unsecured personal loans, and personal loans for people with bad credit can seem [...]

A reverse mortgage is approximately what its name implies.  It is money given by a bank or lending institution to a home or property owner in exchange for a lien on, and eventual ownership of, the home or property.  A normal mortgage releases the property to the homeowner at the end of the mortgage, whereas [...]

Disclaimer:  Bankruptcy laws can vary widely depending on the state or country in which you live.  While a common set of guidelines applies to most bankruptcies, it is important that you research the specifics of the bankruptcy laws in your state before filing for protection. Bankruptcy is misunderstood in most western countries.  While there is [...]