What does an increase in the Federal Reserve rate mean for your debt, savings, and financial plans?

As the Federal Reserve continues to raise interest rates, many Americans are destroying their fiscal plans. with Additional Fed Rate Increase Expected Wednesday, financial advisors say some financial decisions, such as credit card payments, should be approached with greater urgency. Others, they say, like buying a home, might be better to put off. “It’s time … Read more

Opinion: Reverse mortgages are often misunderstood – they can provide seniors with a lifeline while markets plunge

If they own stocks or bonds, they may not want to sell with both markets crashing simultaneously. Or they may be completely out of options and their home is their only remaining valuable resource. That’s when it comes the turn of the mortgage to transfer the equity to the home. Most people think reverse mortgages, … Read more