Archives by Tag 'house'

The Basics

By Linda Leitz - Last updated: Wednesday, June 21, 2017

There are some basics that will help anyone get started financially, or keep going in the right direction. The fundamentals outlined here are accredited to the Alliance of Comprehensive Planners. Save regularly. It’s a good idea to save at least 10% of your annual gross income. Gross income is your income before any deductions, including […]

Effective Mortgages

By Linda Leitz - Last updated: Wednesday, June 22, 2016

Owning a home has long been considered part of the American Dream. And most households need to borrow money to do that. Buying and financing a home can be a positive contribution to your financial situation. Buy a home that’s appropriate to your situation. Some people want to buy one house and stay in it […]

Divorce finances – yours, mine, and ours

By Linda Leitz - Last updated: Thursday, August 27, 2015

During a divorce you and your soon-to-be ex need to make decisions that will impact the rest of your life. One of the biggest issues is money, which has two major parts – property and cash flow.   Property is what the family law professionals call assets and debts. That includes your home, other real […]

A Good Mortgage

By Linda Leitz - Last updated: Friday, April 10, 2015

Owning your dream home is wonderful. But having a mortgage that doesn’t fit your life can make that dream home a nightmare. There are some basic ideas to keep in mind to help you get a mortgage that fits you. When you buy a home, having at least 20% of the purchase price as a […]

Buying the Right House

By Linda Leitz - Last updated: Friday, April 3, 2015

A home may be the largest asset you own. Even if you buy more than one house in your life, unless you’re a real estate professional, you’re probably not going to be an expert at home buying. Your home is many things – a major financial asset, potentially the reason you get a huge loan, […]

The role of a mortgage

By Linda Leitz - Last updated: Friday, August 22, 2014

Having a home with no mortgage as soon as possible – at least by retirement – is a major goal of many people. While it’s great to aggressively pay off credit cards and other types of consumer debt, a mortgage can serve a good role as part of a financial plan and there are ways […]

Financially Right Sized Home

By Linda Leitz - Last updated: Tuesday, April 29, 2014

Your home is probably going to be one of the biggest assets you own, but many times it gets overlooked in reviewing your broad financial picture. Here are some rules of thumb for how your home fits into your financial situation, but for an issue this big, it’s often worthwhile it to pay a comprehensive […]

Divorce – Recession Style: The House

By Linda Leitz - Last updated: Monday, July 26, 2010

Besides income and expenses, the house is another issue that sometimes has some aberrant circumstances in this recession.  During a “normal” economy, it’s pretty common for divorcing families either sell the home or one of them continues to live in it.  Seems pretty straightforward.  If neither of the spouses wants to stay in the house […]

Fiscal Fitness

By Linda Leitz - Last updated: Thursday, January 10, 2008

There are some basics concepts that just about everyone should live with in terms of the finances.  These ideas as I’ll put them forth here are part of the philosophy of the Alliance of Cambridge Advisors.  (If you’re looking for an ethical capable financial advisor in your area, is a great place to look.)  […]