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Bellwether's Blog on life and money

Mortgage Points Explained

Posted in Main Blog
March 13, 2017
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Mortgage Points and Closing Costs Explained

A mortgage point is the amount equal to 1% of the mortgage loan amount. For example, let’s say that you take out a loan of $400,000, one point will be $4,000. 

There are two kinds of mortgage points:

  • Discount Points
  • Origination Points
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The Basics of a Budget

Posted in Main Blog
March 13, 2017
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The Basics of a Budget

Everybody wants to prioritize making a budget and spend money according to that plan, but in order to accomplish that one needs genuine willingness and discipline.

If you want to spend money on things like entertainment and travel, but still stay within your limited financial earnings, then creating a budget is important. Waiting until later to define a budget plan can seem insignificant, but it can make a huge difference to your finances.

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Basics of Mortgage Refi

Posted in Main Blog
March 13, 2017
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Refinancing Your Mortgage

The terms of an existing mortgage can become unmanageable for borrowers for a number of reasons. When this occurs, they may want to seriously consider other options, such as refinancing. The refinancing of a mortgage is a rather convenient option for those looking to restructure their financial situation.

Every year there are a significant number of applications to refinance mortgages. The reason behind this is that many people tend to adjust their debt-payment strategies based on their current circumstances.

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Divorce and Dividing Assets

Posted in Main Blog
March 13, 2017
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DIVIDING ASSETS: WHAT TO DO IN A DIVORCE

One of the most difficult aspects of divorce, after custody issues, typically concerns the division of marital assets. While in recent years the courts have tried to make this process of splitting up assets in a divorce simpler and fairer, divorce can create many complex legal and taxation issues. According to the Michigan Association of CPAs, it is imperative that both parties in a divorce seek the advice of qualified professionals who can help address the critical financial issues involved when ending a marriage. 

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Save Money on the First Year of College

Posted in Main Blog
March 13, 2017
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SIX TIPS FOR SAVING MONEY ON THE FIRST YEAR OF COLLEGE

Everyone knows that college tuition and fees are high-cost items, but what about the many other expenses associated with higher education? Parents of freshmen are often very surprised by the price of books, travel, dorm accessories and other college necessities. The Michigan Association of CPAs offers six tips on how to save on these and other expenses.

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