Month: April 2021

What is direct deposit

Gives a brief explanation on what direct deposit is

BBB: Beware of terms, charges for Gift Cards

Gives advice on avoiding fraud involving gift cards. Also explains how a check cashing scam works

Typical Down Payment on a House

Looks at the typical down payments for different loan types involving home purchases. These include various conventional loans, VA loans, FHA loans, and VHDA loans. Explains the benefits and drawbacks of having a large down payment (i.e. 20%)

How Much is a Downpayment on a House?

Explains how you don’t necessarily need a 20% down payment in order to take out a mortgage. Describes what down payment assistance programs are and who they can help. Examines the pros and cons of putting less than 20% down payment on a home. Includes a small section about FHA loans, their mortgage insurance premium, and how to eventually refinance a FHA loan into a conventional loan to drop the mortgage insurance premium

HOW TO SAVE UP FOR A DOWN PAYMENT ON A HOME

Covers the “myth” of the 20% down payment rule, other costs involved in buying a home, and actually saving the money needed to finance a home.

#ABLEtoSave – Qualified Disability-Related Expenses

Lists what money from an ABLE account can be spent on. Also offers advice on how to keep track of qualified expenses for IRS purposes

Does Renters Insurance Liability Cover Me Ouside My Apartment?

Explains how liability coverage can extend to accidents outside one’s apartment or place of residence

#ABLEtoSave – Meet Daniel

Looks at how Daniel uses his ABLE Account to help him pay for disability related expenses and save for his future goals

#ABLEtoSave – Meet Matthew

Looks at how Matthew uses his ABLE Account to cover unexpected costs related to his wheelchair. Explains the problems Matthew experienced before access to ABLE Accounts was established in 2014.

#ABLEtoSave – Meet James and John

Looks at how John uses an ABLE Account to help his son, James, save for future needs. Explains how ABLE Accounts allow people with disabilities save money without losing SSI Benefits