Author: D.C. Poc
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New FHFA mortgage rules could punish the financially saavy
The Federal Housing Finance Agency (FHFA) recently announced some changes to their formula that will directly affect Loan Level Price Adjustments (LLPAs) that are set by underwriters Fannie Mae and Freddie Mac. Scheduled to take effect on May 1st, these changes were intended to lower mortgage costs for entry-level homebuyers, however, could have the inverseRead…
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The Netflix Show ‘How to Get Rich’ Reveals Game-Changing Secrets for Wealth Building
“How to Get Rich” is a popular show on Netflix which demonstrates how simple, but effective, good financial principals can be.
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FHA to allow mortgage terms of 40 years
On Wednesday, the Federal Housing Administration (FHA) announced that 40 year mortgage terms will be permitted beginning in May. Previous to this, mortgages were limited to 30 years. What the FHA ruling means for consumers You may wonder how this new ruling will impact consumers, if at all. Well, it’s certainly going to increase theRead…
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Pay off mortgage vs. investing; which will make you rich?
This is a question we see posted all the time, and honestly, it seems like people are more divided on this issue than they are politics (so much so that Dave Ramsey even has a calculator to convince you!). Today, we plan on ending the mortgage vs. investing debate once and for all. AJ hasRead…
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Saving money isn’t enough, you have to invest it!
Recently, AJ came across a TikTok video where a woman was explaining this in depth. In essence, investing is a 2-step process. Without the second step, you might as well stash the money under the good ole sleep number mattress. Either way, make sure you’re not just saving, but INVESTING! Accounts you can invest inRead…
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Top 5 Money Mistakes to Avoid in 2023
A lot of my writing is aimed at what you should do when it comes to personal finance, rather than what you shouldn’t do. Well, today I’m going to give you the top 5 money mistakes that will inevitably be made by millions of people in 2023. You don’t want to miss this! Money MistakeRead…
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My 4 personal finance tips of the week
It has been a busy week, and over the past several days I’ve had several reminders of how many different ways there are for consumers to get fleeced. As expected, I thought it would be a good idea to share some personal finance tips that will hopefully increase our readers financial acuity. Personal Finance TipRead…