Posts Tagged ‘children’

What qualifies as income when applying for a mortgage? Several years ago I had a client who worked as a pastry chef who applied for his first mortgage. I asked him several qualifying questions to gather information to help him with the pre-approval process, questions such as how long he had been working as a chef, what were his available assets, and how he was compensated ... Full story

Why do the rich get richer and the poor stay poor? The answer to that question is simple. First, the rich teach their children about money; how to earn it, manage it, and how to be responsible with their credit. The wealthy also stash money into savings and investment programs that get their children started on the right foot financially. Second, the rich are well ... Full story

If someone depends on you, chances are you need life insurance. Why, then, are men more likely than women to own life insurance? And why do women have, on average, about half as much coverage as their male counterparts--$76,000 versus $143,100? Part of the reason why men tend to have more life insurance than women is that men often earn more than women, but common misconceptions ... Full story

A recently published report by the U.S. Department of Housing and Urban Development shows an 8% rise nationally in the number of housing discrimination complaints against persons with disabilities. The annual report, which was sent to Congress this year in April as part of National Fair Housing Month, also details HUD's handling of 9,254 housing discrimination complaints and documents significant trends in housing discrimination. In fiscal ... Full story

With all of the benefits a legal will has to offer, it is one of the best bargains available. Depending upon the complexity, wills are fairly inexpensive, particularly given the comfort of having your affairs in place in the event of your death. When you are purchasing a home, you will be around attorneys who have the ability and expertise to draft or revise a ... Full story