If you’re in a marriage that’s ending, you’ll need to gather certain financial documents to help you evaluate your assets and understand the financial position you’re in. Some of the information may be at your fingertips, but some might require sleuthing.
Corporate deals helped lift stocks in afternoon trading Monday, steering the market on course for its second consecutive gain. Investors cheered Citigroup’s latest earnings as well as acquisitions such as generic drug developer Mylan’s $5.3 billion bid for Abbott Laboratories.
Once you’ve made the decision to buy a home, it’s time to review your credit standing. If you don’t, you can be sure your lender will when you apply for a mortgage. It’s a good idea to know what you’re working with before you fill out your mortgage application. That way, you have some time to establish, improve or repair your credit standing. Exactly where you stand will help determine whether you are approved for a mortgage and, if so, the interest rate you will be charged.
Are you thinking of investing in municipal bonds? If so, you may have good reason, particularly if you are in one of the higher tax brackets. After all, municipal bond interest payments typically are exempt from federal income taxes, and possibly state and local income taxes, too — although some “munis” are subject to the alternative minimum tax. However, since not all municipal bonds are the same, you’ll want to know the differences — especially in terms of risk.
The number of rental homes offered for lease on ARMLS (Arizona Regional Multiple Listing Service, excluding vacation rentals) was 3,695 as of April 1, 2014, dramatically lower than the 4,122 we saw a month earlier.
More inventory, more competition, smaller buyer pool. That sums up April’s market. According to the Arizona Regional MLS, April property sales in the 85044, 85045 and 85048 ZIP codes were down by 150 sales or -12.8 percent from 172 in April of 2013 and 68.5 percent higher than the March sales of 89. April 2014 sales were lower than April of 2013 and 2012. April’s Year-to-Date (YTD) sales of 349 are 33.3 percent behind last year’s YTD sales of 523.
After the avalanche of email I received from the Windows XP article I wrote last month, I thought perhaps it would be nice to address some rather interesting short topics. Just for the record, RW, at last check, the sky has not fallen, nor is it expected any time soon.
To own or rent, that is the question that continues to weigh on the minds of potential homebuyers everywhere. While the gap may have narrowed over the past year due to rising mortgage rates and home values, buying is still a better bargain than renting in most communities across the country — including Phoenix and Tucson — according to an online real estate company.
From blazing wildfires in Colorado to Hurricane Sandy on the East Coast, natural disasters have been front-page news in 2012. Less headline-worthy are the financial repercussions that follow, which tens of thousands of people are dealing with right now. These types of tragedies are unavoidable — the most you can do is prepare to minimize the time it takes to put the pieces of your life back together. Creating a plan that addresses your finances and insurance beforehand can make it easier to recover from a devastating event.
Dealing with your grief when a loved one dies is hard enough. But often you may find yourself in a situation where you have to deal with financial and investment matters as well. The feelings of uncertainty about what to do next and who to consult can be overwhelming. The following suggestions may help guide you through the process.
While Arizona recovers from an economic crisis rooted in predatory lending practices, a bill before the Legislature proposes another round of risky loans not too far removed from the horrific payday-lending loans now mostly a good-riddance memory.
When purchasing a home, there is always a balance in priorities between getting the home that you really want and saving money. Much of the costs (price, interest rates, property taxes, insurance, etc.) seem to be dictated by factors outside of our control. There are a few things, however, that you can do before, during and after your home purchase that might save you a few hundred (or even a few thousand) bucks.
Mortgages are going to cost more in 2014. After six years of steadily dropping, the home lending market finally hit an historic price floor in late 2012, with rates for 30-year fixed mortgages leveling off at about 3.38 percent. Rates remained in the 3’s through the first half of 2013 before finally popping up above 4 percent in June. The Mortgage Bankers Association is expecting mortgage rates to increase above 5 percent in 2014, and then increase to 5.5 percent by the end of 2015.
Thinking about buying? Senior Mortgage Consultant and Home Purchase Specialist Aaron Ely is offering a free no obligation class to get you on the right track. It’s tougher to get a mortgage today than it was a few years ago. If you are considering a home purchase, it might be time for you to learn about the financing options available now.
Where we shop, where we eat, where we gather and have fun — all of it makes our community home. While Ahwatukee doesn’t have the traditional downtown brick and mortar setting, two years ago, the Ahwatukee Foothills Chamber of Commerce collaborated with the Ahwatukee Foothills News to create the “Main Street Ahwatukee” section.
Everyone knows Chandler’s Great American Barbeque & Beer Festival, slated for Saturday, draws top pit masters from across the nation to serve more than 20,000 pounds of meat to the masses. Here are a few more facts to help prepare you for the feast — er, fest: