Credit & Loans

Learn how the secondary mortgage market and investor demand affect the cost of home ownership.

The U.S. government is offering help to subprime borrowers. Is this a cure or a curse?

Find out how to get a tax benefit from your mortgage like your neighbours to the south.

A Ginnie Mae, or Government National Mortgage Association security, functions similarly to the process of lending someone money to purchase a house or business. Ginnie Mae buys home mortgages from banks and financial institutions, bundles them together, and then markets portions of these bundles to investors.

The essential difference between a recourse and non-recourse loan has to do with which assets a lender can go after if a borrower fails to repay a loan. As a matter of principle, borrowers almost always favor non-recourse loans, while lenders almost always favor recourse loans.In both types of loans, ...

Net worth provides a road map for retirement - learn if you're headed in the right direction.

Reducing the rate charged on your credit card balance is the first step to getting out of debt.

Find out how to protect your personal information from phishers, scammers and thieves.

The average home size is now 2,500 square feet - how big should you go?

Is the U.S. Congress' failure to rein in these mortgage giants to blame for the financial fallout?

There is no simple answer to this question as it depends on a number of key factors, namely the aspects or criteria of your mortgage and investments. By illustrating these factors you'll be better armed to make this choice. The question boils down to: Which of these - the investment or the mortgage repayment ...

Don't be overwhelmed when filling out these forms. Find out what you need to do here.

A couple's finances may not always be a match made in heaven. Find out when to say "I Do".

Unfortunately, the conditions under which hardship withdrawals can be made from a qualified plan, including a 401(k) plan, are determined by the provisions in the plan document (as elected by the employer). Some plans will allow hardship withdrawals of all plan assets, while others will limit hardship ...

Don't get scorched by ATM thieves who want to burn a hole in your wallet.

Are old debts coming back to haunt you? We'll show you how to keep these zombies from eating you alive.

The purchase of a home is a very expensive undertaking and usually requires some form of financing to make the purchase possible. In most cases, the potential buyer goes to the bank and takes out a mortgage for the purchase. The assumable mortgage is an alternative to this traditional technique.

Find out how small investments can add up over time and how to avoid the fees that can eat tiny returns.

Paying your bills early or giving an extra donation now can help you come tax time.

One person often deals with the finances in a relationship, but being ignorant has a cost.

Increasing your savings will provide tax benefits - and peace of mind.

Avoid punishing late fees and keep your credit score intact with these 10 tips.

When you make a mortgage payment, the amount paid is a combination of an interest charge and principal repayment. Over the life of the mortgage, the portions of interest to principal will change.At first, your payment will be primarily interest, with a small amount of principal included.

These simple tips will help you raise financially savvy kids.

Learn how to ditch the rat race with voluntary simple living.

The credit score, commonly referred to as a FICO score, is a proprietary tool created by the Fair Isaac Corporation. This is not the only way to get a credit score, but the FICO score is the measure that is most commonly used by lenders to determine the risk involved in a particular loan.

Carrying this debt can have benefits if done correctly, but is it worth the risk?

Both collateralized mortgage obligations (CMOs) and collateralized bond obligations (CBOs) are similar in that investors receive payments from a pool of underlying assets. The difference between these securities lies in the type of assets that provide cash flow to investors.

For the purposes of a qualified plan loan, the reasonable rate of interest that the Department of Labor provides is one consistent with rates charged by commercial lenders. To apply a reasonable rate to your qualified plan loan, a plan administrator will typically survey a few financial institutions ...

Learn how to navigate what may be your biggest and most important loan.

If you're a number-cruncher and responsibility doesn't scare you, this could be the job for you.

This influential rate is published daily in Britain, and felt all around the world.

Choose fortune over disaster by avoiding these money traps.