For many, the American dream still means owning a home. Whether you’re buying for the first time, refinancing or beginning home improvements, you need to understand the complex issues involved.
Here’s the scenario: You’d like to start saving toward a home, but you’ve got a new baby and you’ve racked up a lot of credit card debt. Or maybe your kids are nearing college age and you know tuition will cost a lot, but you still have some outstanding debts hanging over your head. How can you decide between saving for important goals and paying down debt balances? It’s all a matter of balance. Here are some rules of thumb.
Ask the Money Dr.
Q: I’m in good health and living on Social Security. I’m 82 and my wife is 80. I have access to a Reverse Mortgage Fund and am considering investing $10,000 to add...Read the Answer