by Lori Atwood | Sep 13, 2016 | Financial Fitness, Saving: Retirement & Other
Let me start by asking a question: if you take a loan out for $1,000 at 5% APR for 5 years, do you think you will owe the lender $1,000 plus $50 of interest for that 5 year period? If you answer ‘YES’ you are not alone, but you are wrong. APR stands for Annual...
by Lori Atwood | Apr 29, 2015 | Financial Fitness
Lower interest rate, cash back to pay off credit cards or other high interest debt; what could be better, right? Maybe right or maybe wrong. Refinancing your home can make a lot of sense if: You have a high interest rate and interest rates have gone down across the...
by Lori Atwood | Apr 21, 2015 | Financial Fitness
I had not thought of this as a topic since it’s a pretty small aspect of your overall credit profile, but I get asked this question so often, I figured other people might be wondering the same thing. Do you pay the “Last Statement Purchases” or “Outstanding Balance”...
by Lori Atwood | Nov 20, 2013 | Financial Fitness, House Buying
I love this topic because it feels so good to get this big of a bang for your buck. Did you know that if you have a 30 year mortgage, the total amount you pay can be more than double the amount of your original mortgage because you’re paying over such a long period...
by Lori Atwood | Sep 25, 2013 | Financial Fitness, Personal Negotiation
A typical American puts 11% down on a car, spends 11% of their PRE-Tax monthly income on a car payment according to Edmunds.com , pays 4.13% interest rate on a car loan and has an average loan duration of 62 months (as of 2011) But those averages are not necessarily...