How Does the Fed Raise or Lower Interest Rates?

The Federal Reserve has several tools it uses to influence interest rates. As financial and economic changes occur, the Fed must find new ways to fulfill its dual mandate of maximum employment and price stability. One of the most…

How to Determine Business Value

Valuation in business refers to the process of placing a value on business assets and determining their overall value. Valuation is important when making financial decisions about companies and negotiating with investors. Having an understanding of how to value…

How Renovations Affect Your Home’s Equity Value

Exterior project Recovery cost percentage Roof 100% The garage door 100% Fiber-cement coating 86% vinyl siding 82% Vinyl window 67% The most enjoyable exterior project for the homeowners surveyed for this study was painting the walls. The project earned…

How to Send Money Abroad

Remittance is a payment from one place to another, whether it is a personal transfer or a payment to a business. A common form of remittance occurs when people send money back to their home country while working overseas.…

How to Find the Best Roth IRA Rates

A Roth IRA is a type of individual retirement account that has unique tax advantages. With a Roth IRA, you contribute with after-tax income and if withdrawn under permitted circumstances, you will not pay taxes on any income. Since…

How to Calculate Manufacturing Overhead

When a company manufactures a product, it incurs two main types of costs: operating costs and overhead costs. Operating costs include the direct costs associated with manufacturing the product (materials, labor, etc.). Overhead costs are not directly related to…

How Does Foreign Exchange Trading Work?

Trading foreign exchange used to be something that people only did when they needed foreign currency to use when traveling to other countries. This involves exchanging some of their home country’s currency for another at a bank or foreign…

How to Compare Home Insurance Quotes

You’ve found your dream home, and you’re ready to buy. Before you can officially close and pick up the keys, you’ll need to show your lender proof of home insurance. So you start filling out online forms one after…

How Much to Put in the House

5% of Purchase Price 20% of Purchase Price Down payment $15,000 $60,000 Loan amount $285,000 $240,000 Interest Rate (fixed) 4.00% 4.00% Mortgage Payments (Principal and Interest) $1,361 $1,146 PMI $178 $0 Total Monthly Payment $2,050 $1,657 Amount of Interest…

How to Save for Home

Buying a home is one of the biggest and most significant purchases most people will make in their lifetime. Payments are spread over decades, so you gradually reduce your mortgage until the house is completely yours. But you will…

How to Negotiate House Prices

Buying a home is a pretty big investment, so you want to make sure you get the best value by negotiating. However, you may be wondering how exactly to negotiate the price of a home, as this may not…

How Does HELOC Affect Your Credit Score?

A home equity line of credit, or HELOC, allows homeowners to use their home equity to borrow money for large expenses such as home repairs or medical bills, or for debt consolidation. Like other financial products, HELOCs can affect…

How Does HELOC Repayment Work?

If you own a home with equity, a home equity line of credit (HELOC) can help you access that cash without selling or refinancing the property. HELOCs act as a line of credit using your home equity as collateral.…

How to Refinance HELOC

A Home Equity Line of Credit (HELOC) is a type of loan that allows you to borrow against the equity in your home. HELOC is set up as a revolving line of credit, so you can borrow and repay…