6 credit score questions (and answers) to help you prepare for your mortgage application
Did you know your credit score affects your ability to qualify for a mortgage, and once approved, your monthly mortgage payment amount?
Tag: Late Career
Deciding When to Retire: When Timing Becomes Critical
As we near the end of the year, many people start to think about whether it makes sense to retire now or keep their career going. There are quite a few considerations to make. One of the most important things to do is to sit down with your financial advisor and make certain that your plan is in place. This blog provides information from our partners at Broadridge that discusses many of the critical elements that should go into your decision.
What is Socially Responsible Investing?
Your investments don’t only have to serve you – they can serve causes and organizations you believe in. This concept is especially resonant for our team of CFS* Financial Advisors at Elevations Credit Union, where we give back to the community and act in the best interest of our membership. In this article prepared by Broadridge, learn about some of the ways to approach investing through a socially conscious lens.
Dollars & Diplomas: College Savings Plans
According to the Bureau of Labor’s Consumer Price Index, from December 2005 to December 2015, the average cost of a college education has gone up 55%. With the ever rising costs of tuition, it’s important to start saving early for your child’s college education. Read on for an overview of various ways to save for
Three Retirement Savings Plan Tips
Throughout your career, you may face important decisions involving your retirement savings plan. For example, if your plan provides for Roth contributions, you’ll want to review the differences between these and traditional pretax contributions to determine the best strategy for your situation. While pretax contributions offer an upfront tax benefit, you’ll have to pay taxes
Retirement Plan Considerations: Preparing to Retire
With just a few short years until you celebrate the major step into retirement, it’s time to begin thinking about when and how you will begin drawing down your retirement plan assets. You might also want to adjust your investment allocations with an eye toward asset protection (although it’s still important to pursue a bit
Retirement Plan Considerations: Your Peak Earning Years
The latter stage of your career can bring a wide variety of challenges and opportunities. Older children typically come with bigger expenses. College bills may be making their way to your mailbox or inbox. You may find yourself having to take time off unexpectedly to care for aging parents, a spouse, or even yourself. As
3 Mortgage Trends
As we look back at the 2015 mortgage market in Colorado’s Front Range, three trends are likely to continue this year. If you’re interesting in purchasing a home, keep these big-picture items in mind. 1. High demand: We continue to see demand in all different sectors of the mortgage market, from first-time homebuyers to move-up
How to Calculate Your Debt-to-Income Ratio
When you’re considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus take into consideration your financial situation and obligations to feel comfortable, as well.
