Whole life insurance is a permanent life insurance policy that typically lasts throughout the insured person’s life or until they choose to cash in the policy. The policy remains active for the chosen term as long as the premiums are paid and the policy is in good standing. What is whole life insurance? A […]
When Should You Not Refinance a Home Loan?
We are witnessing the lowest mortgage rates in two generations. According to Freddie Mac’s June 7, 2012 survey, the average rate on a 30-year fixed-rate mortgage fell to a record 3.67 percent while that for a 15-year mortgage fell to 2.98 percent (Refer note 1 below). Further many economists predict that mortgage rates would rise […]
Tips to Trimming Your Budget for Increased Savings
If you are like most people today, you need to watch every penny you spend. You may have a budget, but it doesn’t leave a lot of room for negotiation. You clip coupons and watch closely for sales, but what if there’s something else you can do of which you’ve not thought yet? Budgets are […]
