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Saving money isn’t fun, but it doesn’t have to be […]

Whether you get into an accident or put your vehicle […]

There are so many financial ratios, it’s challenging to know […]

It’s quite easy to become a 401(k) millionaire if you […]

Meet Michael Lubin, one of our KDA top accountants. He […]

  You are legally required to carry insurance for your […]

Saving money isn’t always exciting, but a rainy-day fund is […]

It’s not as easy as it once was to get a home loan. Government regulations due to the recent housing crisis are the primary culprit. The requirements are more stringent than they were 10 years ago. Debt-to-income ratio requirements are much tougher than in the past. It’s more challenging to get a mortgage, but not impossible. Make your mortgage application more likely to be accepted: Have a down payment. The less money you need to borrow, the better your odds of being approved. The larger your down payment, as a percentage of the sales price, the more comfortable the bank will feel. Banks would much rather loan 70% of the value of the home than 95%. If your income or credit are less than impressive, a larger down payment can make a huge difference.

Determine why you want or need a trust fund. Depending on your needs, the trust fund process can change. You don’t need a high income with a large number of assets to benefit from a trust. Trusts can be an important part of your financial plans and useful tools for planning your inheritance. Consult an attorney or financial expert for how a trust could benefit you the most in your situation.

1. Understand the data collection. Prepaid cards may resemble credit and debit cards, but the application process is different. • Before you can get a prepaid card, you may have to provide sensitive private data that you might not want to share for just a prepaid card. You may have to provide your name, address, Social Security number, phone number, and other information.