Tag Archives: mortgage

Home loans often make up significant amounts of household debt, and reducing as much debt as possible before entering retirement can seem like a promising idea. But, as with many other financial questions, there is no precise answer; it all depends. The Consumer Financial Protection Bureau estimates that 30% of homeowners 65 and older—about 6.5 […]

Parents may not realize it, but their debt is impacting their kids’ behavior and well-being. But, not all debt is created equal! A new study shows unsecured debt, like credit card balances, payday loans and medical bills, are linked to more behavioral problems, while home mortgage and education debt are linked to fewer problems. In […]

Even though the Federal Reserve decided to keep interest rates unchanged for now, there could still be a rate hike this year. Certified Financial Planner, Tony Drake, talks with Milwaukee’s WTMJ-4 in the video below about how it will impact the following areas: 1. Mortgages 2. Credit Cards 3. Auto Loans 4. CD Rates Click […]

A house is the single biggest purchase most of us will make in our lifetimes, so it’s important to do our homework! But there are a few steps homebuyers sometimes forget. Tony Drake, CFP® talks with Today’s WTMJ-4 in the video below: Tips for First-time Homebuyers 1. Decide What You Can Afford 2. Set Up […]