10 Best States to Get a Mortgage

It’s a good time to buy a home. Accordingto the Mortgage Bankers Association, getting approved for a home loan is easier than it has been at any time in this past decade — in fact, mortgages are almost twice as available as they were five years ago, and lenders have recently been approving 77% of loans, up from 71% in mid-2015.

How to best make a prepayment on your mortgage

One very important point I never hear discussed is what the lender does with the extra loan payments borrowers make. If you pay extra on your mortgage before it’s due, does the lender require that the next payment be paid on schedule or can you skip monthly payments corresponding to how much extra you’ve paid? It would seem that many payoff amounts calculated at some point in the future by the lender might go back to the original recorded security deed and original amortization schedule with the extra payments overlooked.

5 Steps for Tracking Your Monthly Expenses

But while thinking about your monthly financial picture is a great start, it isn’t enough to actually wrangle your expenses. The next move is tracking your spending on a regular basis so you can get an accurate picture of where your money is going and where you’d like it to go instead.

Treasury Secretary Steven Mnuchin: 3 Things to Know

Steven Mnuchin, who was confirmed Monday night as the nation’s new secretary of the Treasury, is looking for major reforms in housing and other areas under the Trump administration. The hedge fund manager is a former executive and partner at Goldman Sachs , where he spent 17 years before founding Dune Capital Management.

3 Tax Mistakes You Don’t Want to Make

With tax season rapidly approaching, many of us are starting to gather our paperwork and work on hammering out our returns. But in reality, tax planning is something you should focus on year-round, and not just during the first few months of the year.

30-Year vs. 15-Year Mortgage: Which Should I Pick?

The industry standard mortgage product in the United States is the 30-year fixed-rate mortgage, which is used by more than 85% of homebuyers. However, the 15-year fixed-rate mortgage has been gaining traction, as it can be a smart way to save thousands in interest charges over the term of your loan.

What Would a Repeal of Dodd-Frank Mean to Consumers?

With the political atmosphere unsettled at best, much of the current talk centers on unraveling the Dodd-Frank Act. But what would such a move mean to you? With the political atmosphere unsettled at best, much of the current talk out of Washington, D.C. centers on unraveling the Dodd-Frank Act .

How to Refinance a VA Loan

The benefits of a mortgage that’s backed by the Department of Veterans Affairs continue beyond the day your loan closes. You can lower your rate, tap into your home’s equity or even bring your conventional loan into the VA program by refinancing .

Denmark’s Biggest Mortgage Lender Reports 56% Jump in Profit

Nykredit Realkredit A/S, the largest lender operating in the world’s biggest market for mortgage-backed covered bonds, reported a 56 percent jump in profit last quarter after management cut costs and revenue increased. The Copenhagen-based lender said net profit excluding minorities rose to 1.87 billion kroner in the fourth quarter from 1.2 billion kroner a year earlier, according to a statement on Tuesday.

Indian Bank Shunning Corporate Loans Sees Stock Tripling in Year

Indian Bank, a century-old state-owned lender based in the country’s south, has emerged as Asia’s top-performing bank stock in the past year, driven by a focus on consumer loans that are less likely to sour than corporate advances. The Chennai-based firm is aiming to boost retail lending, which includes mortgages and loans underpinned by gold as collateral, to account for 60 percent of its loan book over the next two years, up from 52 percent at the end of December, according to Chief Executive Officer Mahesh Kumar Jain.

Rates mixed at weekly US Treasury bill auction

Interest rates on short-term Treasury bills were mixed in Monday’s auction, with rates on three-month bills rising to their highest level since late December and rates on six-month bills declining slightly. The Treasury Department auctioned $34 billion in three-month bills at a discount rate of 0.530 percent, up from 0.515 percent last week.

This Massive Bank Is Even Bigger Than It Seems

Not only is it a compelling story, but embedded in it are critical lessons that investors in bank stocks would be wise to internalize if the extraordinary uncertainty pulsing through the markets right now continues. Yet, even though we all know that JPMorgan Chase is enormous , the fact of the matter is that it’s even bigger than it appears.

Emergency Funds: Should You Use Yours to Pay Down Debt?

Financial advisors often recommend clients build an emergency fund and use it only in true emergencies. But what about when you spend hundreds of dollars each month to pay down high-interest debt – is that an emergency? And should you dip into that fund in order to decrease your debt burden? The consumer should build an emergency fund before paying down debt.

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Many people look forward to retirement in all of its budget-friendly glory. But in reality, retirement may not be the bargain you’d expect it to be.

What is the Standard Deduction For 2017?

The standard deduction for 2017 is $6,350 for single taxpayers and $12,700 for married taxpayers filing joint returns. However, there’s a chance it could change before next tax season, and no matter where it ends up, you may be better off not claiming it.

Work From Home? This Tax Deduction May Be for You

If you work from your home and have a dedicated home office you use, then you may be entitled to the home office deduction, which could save you hundreds or even thousands of dollars on your tax return. Here’s what the IRS considers to be a “home office,” how much your deduction could be, and how to claim it on your tax return.

Wall St. lending to Main St. even as many decry Dodd-Frank

President Donald Trump has wasted little time in beginning a push to reverse the stricter banking regulations enacted after the 2008 financial crisis. Trump has branded the Dodd-Frank Act “a disaster” – a regulatory overreach that slowed the economy and stifled lending to consumers and businesses.

Deutsche Bank’s Bill for Russia Trades Reaches $629 Million

Deutsche Bank AG was fined $629 million by U.K. and U.S. authorities for compliance failures that saw the bank help wealthy Russians move about $10 billion out of the country using transactions that were likely thinly veiled attempts to cover up financial crime. The U.K. Financial Conduct Authority issued a 163 million-pound fine Tuesday, hours after New York’s Department of Financial Services fined the bank $425 million, for failures over the so-called “mirror-trades.”