Building An Emergency Fund During An Emergency

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By now, it should be apparent that this COVID-19 (Corona-virus) pandemic is going to be here for several months. It is already causing the market to plummet and is disrupting jobs all over the country. Many people who work as hourly employees (or are independent contractors) are starting to suffer. As people's budgets start to feel the squeeze, this is exactly the time that people should be relying on an emergency fund; however, for those who don't have one, it is time to start saving. How To Create An Emergency Fund Even though cash assistance from the government might be…
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3 Signs You’re Not Ready To Buy A Home

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Those who are looking at buying a home need to think about whether or not they are truly ready for this responsibility. When someone takes out a mortgage, this is frequently the largest loan someone will ever apply for in their life. Furthermore, owning a home also means homeowners insurance, real estate taxes, home maintenance, and home repairs. There are a few signs that signal someone is not ready to buy a home. Identifying and rectifying these situations ahead of time will ensure that someone is the right position to take on the responsibility of homeownership. Too Much Debt One…
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3 Positive Reasons To Get A 15-Year Mortgage

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Most people can't pay for a home outright, so they finance it with a mortgage loan. 30-year mortgages are more conventional, but they also come with a significant interest price tag. People who have a stable career and the income to afford larger payments, or who are nearing retirement, may want to take out a 15-year mortgage. Here are some reasons to consider one. Save Money Over The Life Of The Loan The total interest paid on a 30-year loan can be nearly as much as the principal. While it can be difficult to see the bigger picture when facing a…
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