“Did the tax code overhaul kill home equity loans?” That was the headline of an article in The Washington Post in January. Considering that millions and millions of homeowners have home equity lines and loans (and love them), it was pretty alarmist.
And it turns out that home equity lines and loans are alive and well. Even The Washington Post eventually admitted it later in their story.
Continue reading Smart About Money: “Did the tax code overhaul kill home equity loans?”
I recently heard a story about a businessperson who discovered that the check a client had sent them had been intercepted somehow and cashed by a stranger in another state. This story had an odd twist.
Continue reading Smart About Money: Adventures in Check-Writing
At a recent banking conference, a banker from the North Shore told me about a particularly unfortunate situation she had run into. A young man came into her bank to cash a check. He did not have an account at that bank, but the check was from an account-holder.
Continue reading Smart About Money: The Saddest Kind of Fraud
Up until about the mid-1980s, a homeowner who wanted to borrow against the equity in their home had to take out what was known as a “second mortgage.” And there was a stigma against second mortgages.
Continue reading Smart About Money: New Ways Your Mortgage Can Work For You Today
These big data breaches – like the recent Equifax hack – are very frustrating. Especially when they happen to huge companies that you’d think would have multiple layers of systems in place to protect themselves and their customers’ information.
Continue reading Smart About Money: Protecting yourself from data breaches – why bother?
Every parent who has kids planning to go to college thinks about the cost. How could you not? When we’re starting to see the $70,000 a year mark regularly surpassed at private colleges (for tuition, room & board), the idea of coming up with that kind of money by an August due-date four years running is daunting.
Continue reading Smart About Money: Paying for College in 2017 … What I Learned
A few weeks ago, there was a radio commercial for some sort of money-making opportunity. I don’t remember the company or what they were selling. I do remember very clearly hearing the commercial say, “You can’t get rich by saving.”
Continue reading Smart About Money: You can’t get rich by saving – says who?