Life Insurance Is Worth It In The End

282891-Insurance+life+quote++++

Life Insurance Is Worth It In The End

Deciding whether you need life insurance can be a complicated process. The decision can be even harder when you are younger. Today Elaine Mahr highlights some of the issues that you should think about.  Be sure to listen in to find out more about the cheapest insurance policy one can own that has the most benefits to your loved ones.

Life Insurance Audio:

Read More »

Top Strategies to Decrease Debt

Creating A Debt Free Zone

Creating A Debt Free Zone

Doug’s Top Strategies To Decrease Debt

The ideal scenario for people is to start with a fresh slate, decrease debt and still meet your monthly obligations. Defining your needs and wants is a great place to start.  Unfortunately, this isn’t the case for most people.  I know this story too well.

Doug’s Story:  I grew up in a trailer and thought that success was going to be when I had a million dollar house and nice cars.  Through buying real estate and owning a mortgage company I was able to achieve my dream of success.  I bought a million dollar home in St. Charles County that was 8000 square feet.  I had a Lexus and an Escalade.  I bought that dream home at the end of 2005, and the value never went higher, and my income only went down.

Here are some of the top strategies I learned to decrease my debt to regain credit worthiness:

Audio 1: Decrease Debt

Audio 2: Decrease Debt

Read More »

What salary do you need to afford a home in your city?

Salary Needs To Buy A Home In The US

Salary Needs To Buy A Home In The US

by Ryan Smith25 Aug 2016

What salary do you need to afford a home in your city of choice?  

How does your city rate in terms of home affordability? A recent report by HSH.com determined the salary families would need to make in 27 metro areas in order to afford the local median home price.

The study assumed a down payment of 20% and operated under the standard that a monthly mortgage payment shouldn’t exceed 28% of the borrower’s income, according to the Huffington Post.

San Francisco residents need the highest salary if they want to afford a home, according to HSH.com. In the San Francisco metro area, a buyer with a 20% down payment would need to make $162,000 a year to afford payments on a median-priced home.

Pittsburgh, Penn., meanwhile, was most affordable; homebuyers there could meet their mortgage payments with only a $32,400 salary.

HSH.com found that home prices have gone up since the first quarter in every metro area surveyed except for Tampa, Orlando and Miami. Nationally, the median home price was $240,700, about a 10% increase from the first quarter.

Back To School and Salary Needs Audio:

Read More »

Back-to-School Budget

Back To School On a Budget

Back to school for these 3 out of 8!

How to Work Back-to-School Into Your Budget

Try this little mantra called the 50/20/30 Rule. What that means is:

  • 50% of your monthly income should go toward your essential expenses like housing, utilities and groceries.
  • 20% should go toward your financial priorities like debt payments, retirement accounts, college savings and emergency fund.
  • The last 30% can be spent on your “choices,” or areas of your budget with wiggle room, like going out to eat, funding your hobbies, and (drum roll, please) back-to-school shopping!

If you’re finding yourself caught off-guard this year by school expenses, start planning for next year so that doesn’t happen again.  Consider setting up a specific savings account for a back-to-school savings goal that you feel comfortable with, and you can contribute to it each month throughout the year so it’s not an all-at-once expense.

Here are some resources that may be able to help:

http://www.familyeducation.com/printables/parenting-tools-printables/back-school-budget-printable

http://www.practicalmoneyskills.com/personalfinance/savingspending/budgeting/backtoschool.php

Back to School Morning Routine Checklist

Stealth Savings: Little Moves that Equal Big Money

Stealth Savings: Little Moves that Equal Big Money

So, you’ve banned takeout, swapped all venti fat-free lattes for the trusty Mr. Coffee at home, staged the yard sale, cut the cable, dropped the landline, raised your insurance deductibles, brown bagged every single lunch for months, and plan to limit the A/C all sweatin’-summer long.

But you still need to build your emergency fund. What can you do?

Make little changes for maximum impact.

Read More »

5 Steps for Parents with Kids Transitioning to College

5 Steps for Parents with Kids Transitioning to College

One minute they’re young and fragile and you’re rocking them to sleep, and the next they are ready and raring to flee the nest with as much excitement and vigor as they once had for Chuck-E-Cheese and unicorns. Life is fleeting, and nothing is more evident of this than when your child goes away to college.

For a lot of us, thoughts of having our child stay close to home for college, maybe even taking online courses so they don’t have to go far away, has crossed our minds. As parents, the role we really need to play is more supportive and less overbearing at this point. Here are the five things to help your child transition to college.

Read More »

7 Mistakes Millennials Make in Home-Buying

7 Mistakes Millennials Make in Home-Buying

 

Millennials – they’re the generation between 18 and 35; the new young professionals; the recent graduates, and they’re also coming into the housing market in droves. Usually, they’re also first-time homebuyers, which means that they have the potential to make mistakes in the home-purchasing process.

Here are the top seven mistakes millennials make when they purchase a new home. Whether you consider yourself part of the generation or you’re just looking to ensure your home search goes as smoothly as possible, these tips should help any potential homebuyer.

 

Read More »

Record Home-ownership Rates

Record Home-ownership Rates

 

The U.S. home-ownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters.

The share of Americans who own their homes was 62.9% in the second quarter. This is the lowest since 1965, according to a Census Bureau report Thursday. It was the second straight quarterly decrease, down from 63.5% in the previous three months.

Read More »

The Fastest And Safest Way To Payoff Your Home

Doug Show CardCornerstone Mortgage, Inc offers an amazing product that blows away other lenders.  Doug Haldeman, Branch Manager at the St. Charles office location, discusses a new fast and safe way to pay off your home.  Be sure to listen in to find out if this would be an option for you.

If after hearing the show and you want more information reach out to Doug today at 314-472-3684.

Below is a link to Doug’s mortgage coach presentation and the audio to the show.

Doug’s Mortgage Coach Presentation

Bailout Scorecard Update

Image from: http://www.karmicsangoma.co.za/2013/05/political-cartoon-of-week.html

Image from: http://www.karmicsangoma.co.za/2013/05/political-cartoon-of-week.html

The Bailout Scorecard

Last update: Mar. 31, 2016

Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $619B has gone out the door—invested, loaned, or paid out—while $390B has been returned.

The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $298B. When those revenues are taken into account, the government has realized a $69B profit as of Mar. 31, 2016.

Where do these numbers come from?

Most of the data shown comes from the Treasury Department. But in a few cases, we’ve gathered information from other government agencies or press releases and regulatory filings from bailout recipients.

If you’ve got more questions about how we do this, please drop us a line.

What you can find here:

To find out the full report go to:

http://projects.propublica.org/bailout/main/summary

Scroll To Top