Dec 27
Term life insurance is the original form of life insurance and is considered to be pure insurance protection because it builds no cash value.
Term life insurance provides the highest coverage for the least amount of money, therefore it is the most popular type of life insurance today, especially among young people. There seems to be an increase in the number of young people getting term life insurance quotes online these days.
Term life insurance is best (and cheap) for younger people whose primary concern is protecting a mortgage or other large debt and for providing for a spouse and children in the event of the death of the primary wage earner.
Tags: children, insurance protection, large debt, mortgage, no cash value, spouse, term life insurance, wage earner, young people
Dec 04
For a first time home buyer, the process can get quite overwhelming, giving you the feeling that the financial decisions are rapidly spinning out of control.
When it comes to real estate, most people don’t have a lot of experience or know a lot about it. In all actuality, buying a home is actually a simple process. All you need to do is understand the basics, which will go a long way in helping you buy your very first home.
The first thing you should know is to avoid pre payment penalties at all costs. What this means, is that if you buy the home then later want to sell it before the balance of your mortgage is due, you’ll have to pay a penalty. (more…)
Tags: buying first home, home equity loan, Loans, monthly payment, mortgage, mortgage insurance, payment penalties, Real Estate