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Brian Decker's Blog

What is a Reverse Mortgage?

What is a Reverse Mortgage?

The Definition of a Reverse Mortgage A "reverse mortgage" is a loan. This loan is like other home loans because homeowners can use the equity in their houses as collateral for the loan. This loan also allows the homeowners to keep the title to their property, but this...

What a Lien on a House Means

What a Lien on a House Means

A lien refers to a legal claim or right against a property. It provides security, allowing individuals or organizations to take property or other legal actions as a way of satisfying some debts. Usually, it is part of the public record, providing information about any...

A 401(k) May Not Be Enough For Retirement

A 401(k) May Not Be Enough For Retirement

Retirement planning is a complicated business. Generations ago, many workers entered retirement with a pension paid by their longtime employer. Later, 401(k) accounts emerged. These, too, are provided by employers.   401(k)s provide workers with a tax-advantaged...

Refinance Options Hit New Low in November 2020

Refinance Options Hit New Low in November 2020

Record-low interest rates have combined with a record-high housing demand to create a seller's market that many have only envisioned. States that have a higher cost of living are seeing higher savings, but homeowners across the nation can benefit from this financial...

How to Financially Adapt During a Crisis

How to Financially Adapt During a Crisis

There are a lot of serious situations that can interrupt your day-to-day life. Suppose you're facing a crisis like a sudden death in the family, an unexpected emergency, the loss of a job, or a serious illness. In that case, you'll need to adjust your finances to the...

Should You Make Different Versions of Your Budget?

Should You Make Different Versions of Your Budget?

Budgeting is the cornerstone of financial management. By drawing up a budget and sticking to it, you create a plan to reach financial goals and keep from falling into debt. But unexpected income or unexpected expenses can crop up. The same budget that works for you...

Transitioning From Two Incomes to One

Transitioning From Two Incomes to One

There are many reasons why a family might transition from two incomes to one. From workforce reductions to family plans, making this change can be more difficult than one might assume. Fortunately, there are steps to take that can make the process feel more...

Three Apps That Make Budgeting a Breeze

Three Apps That Make Budgeting a Breeze

Budgeting is one of the most important aspects of managing your personal finances, yet maintaining a budget can seem overwhelming, especially if you aren't great with math. Budget apps help bring the complicated world of budgeting into the twenty-first century.  ...

What Does Mortgage Relief Look Like in COVID-19?

What Does Mortgage Relief Look Like in COVID-19?

The coronavirus has rocked the US economy and left millions of people without jobs. For many, they're not sure whether they can afford their next mortgage payment. Foreclosure is a very prevalent worry among homeowners.   There are options for mortgage relief...