Personal Finance Articles

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Wealth-Building Home Loan for Low Incomes
Personal Finance

Wealth-Building Home Loan for Low Incomes

The idea that homeownership is a path to wealth has been behind U.S. housing policies for more than 50 years, and the effort to increase the rate of homeownership has failed miserably, according to the American Enterprise Institute (AEI).

Aaron Crowe
6 years ago
Foreclosure May Not Cancel Your Debt
Personal Finance

Foreclosure May Not Cancel Your Debt

You fell behind on your mortgage payments and lost your home to foreclosure. That's the end of this financial nightmare, right? Not quite: Something called a deficiency judgment could come back and haunt you.

Aaron Crowe
6 years ago
Why Don’t Adult Offspring Move Out?
Personal Finance

Why Don’t Adult Offspring Move Out?

The housing recovery continues to move in slow motion, and the trend of adult children continuing to live in their parent's homes has been called one of the reasons. A new study looks at some of the reasons why young people are remaining in the nest, but also notes that when they finally do move out, they may not give the market the boost some have anticipated.

Kara  Johnson
6 years ago
GAO Warns on Pension Advance Plans
Personal Finance

GAO Warns on Pension Advance Plans

For retirees in need of money, a cash advance on their pension may seem like an attractive option. But such arrangements often compare poorly to other financial options, according to a new study from the Government Accountability Office (GAO).

Kara  Johnson
6 years ago