Federal Housing Administration mortgage loans or FHA loans for short are government-backed loans which are typically easier to get approval and require lower down payments. With an FHA loan, your down payment can be as low as 3.5%. Aside from the low down payment, FHA loans don’t require a high credit score. In fact, your … Read more
Stock market correction refers to a drop in stock prices of 10% of more from the most recent peak. This year, due to the COVID-19 pandemic a large number of stock markets have seen a correction but the worst isn’t here, yet. If the stock prices plunge more than 20% it will be called a … Read more
Property taxes are used to generate income for the state services. Just like the state sales tax or unlike the state income tax, every state imposes a property tax. Depending on where you live, the property tax rate can be as low as 0.27% or as high as 2.47%. These rates are for Hawaii and … Read more
Out of 50 states, 41 states impose a state income tax. Same as your federal income tax, you pay them by withholding tax and receive a tax refund if the total taxes withheld exceeds the state tax bill. Although the tax rate on federal income tax is determined by your income, it isn’t the only … Read more
Life insurance is the only way to provide for your loved ones in case if something happens to you. This is especially important if you’re older. When picking a life insurance policy, there are two main types that oftentimes make everything confusing. The two main types of life insurance are the term and whole life … Read more
Medicare is undoubtedly the best health insurance in the United States. Every year, the Centers for Medicare and Medicaid Services (CMS) adjust the amounts that go into factoring the costs of being a Medicare beneficiary. At the end of the year, the CMS will announce the new monthly premiums for both Part A and B … Read more
Forex trading is oftentimes mistaken with the stock market which can’t be farther from the truth. Also known as the foreign exchange market, investors buy and sell world currencies to make a profit. Whether you start with a $100 or $10,000, Forex trading can be quite profitable if you pay attention to what’s going on … Read more