Could The Debt-Ceiling Debate Endanger My DeposIt's?

Richard Barrington
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The debt ceiling debate is unsettling, but pulling money out of the banking system seems unlikely to make your deposits any safer.

Should I Make A Big or Small Down Payment?

Richard Barrington
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While drawing down savings to make a larger down payment may be a little risky, it may be preferable to having to pay mortgage insurance.

What Can I Do About New Debit Card Fees?

Richard Barrington
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Even as more banks start to charge fees for debit card use, there are still ways to avoid them.

Should I Go for A 15-Year or 30-Year Mortgage?

Richard Barrington
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Find out why timing might be the deciding factor in the choice between a 15-year and a 30-year mortgage.

Ask The Expert - Should Savings Accounts Be Drained to Buy A Home?

Richard Barrington
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If you have cash resources, deciding how much to put into a home purchase means weighing interest savings against liquidity needs.

Ask The Expert - Translating Mortgage Rates Into Monthly Payments

Richard Barrington
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Q: If I buy a house in Maine for $320,000 with a 7% interest rate for 30 years, what will my monthly payment be? What about at 8% interest for 15 years? A: To start with direct answers to your questions, a $320,000 mortgage at 7% over 30 years would yield a monthly payment of $2,128.97. [...]