Finance Attitude - 5 Critical Financial Planning Tips for Single Parents
/Lydia Wanjiru/ -- Raising children is one of the hardest jobs in the world. This is even more challenging when you are a single parent. You may be single due to death or divorce of a spouse or any other reason. It takes a lot of time and effort to achieve financial freedom in life. There is no doubt that it is more daunting when you don’t have a spouse.  
4 Ways to Get Out of Debt Through Debt Consolidation
/Lydia Wanjiru/ - Debt consolidation is one of the options to consider to get rid of your debts. Debt consolidation involves taking out a lower monthly interest loan to pay off your existing debts. It is used to basically combine all your debts into one single loan that you can repay monthly usually at a lower interest rate than your current average. A new debt consolidation loan can be used to repay off your unsecured debts.  
Finance Attitude - 6 Common Retirement Options and How They Differ
The retirement planning process is a process that takes a lot of time and efforts and you should start planning for it as early possible. The retirement plans you make at a younger age can help you to achieve your retirement goals and help you maintain the lifestyle you wish to have in your later years. You can accumulate a variety of retirement plans as you advance in your career. There are a variety of plans that can help you to save for the retirement.  
Finance Attitude - 5 Golden Tips on How to Get the Lowest Mortgage Rates
5 Golden Tips on How to Get the Lowest Mortgage Rates
Buying a house requires a huge amount of cash. The cheapest decent house is estimated to cost around $250,000- $300,000. Majority of people who don’t have such cash readily available have a chance to borrow as a mortgage. There are many factors to consider before closing a mortgage deal. One prime determining factor is the mortgage rate. The mortgage rate determines your monthly repayments and the loan repayment period. The higher the rate, the bigger the amount of cash you repay monthly and the longer the loan life or period and vice versa. It is therefore imperative to seek the lowest mortgage rate in the market. It may also require working on a number of areas on your part to ensure that the lender will be willing to cut the deal with you at a certain rate. Here are a few key tricks to help you get the lowest mortgage rate in the market: 1.    Strengthen your credit score The first thing your lender checks when you apply for the home loan is your FICO credit score rating. If you have an excellent or a good credit score, it indicates that your risk of default is low and your rate of repayment is high. It can help you to qualify for a home loan easily and get better terms. Get your credit report from credit reference bureaus to know your score. If you have a credit score rating of above 760 then you qualify for the best mortgage rates in the market. If your score is lower, then the rate for the mortgage will be higher. Seek for tips to improve and maintain an excellent credit score rating if you plan to apply for a mortgage. 2.    Increase your upfront deposit If you are able to pay more money as an advance payment, then don’t hesitate to do so as this will help you secure a better rate. Different lenders accept different minimum down payment but the recommended standard payment is 20% if you want to qualify for the best mortgage in the market. If you don’t achieve the 20%, then you are required to pay for the private mortgage insurance which usually ranges between 0.5% - 2.25% of the original loan amount. This is an additional cost and is also a hurdle to getting the best mortgage rate in the market. 3.    Ensure you have a stable source of income Lenders will check whether you have a steady employment or a stable source of income for at least the past two years before the loan application. If you have long periods of unemployment or interrupted earnings, then this is not going to bode well for you. Ensure that you have a low usually 36% or less debt-to-income ratio to be eligible for the mortgage. This will give your lender a sense security that you will be able to repay the mortgage loan effectively and you won’t default. 4.    Compare the rate offered by different lenders Different lenders charge different rates. Shop around for the lenders offering the lowest rates. A majority of Americans are not considering different lenders rates before applying for a mortgage. According to a survey of mortgage borrowers in 2013 by Consumer Financial Protection Bureau and National Mortgage database report, 81% of borrowers applied to one borrower and 51% considered only one borrower. Use sources like the bankrate.com to compare the rates and calculate how much the entire transaction will cost you. A lender may offer a lower rate to attract clients but has other costs and fees that may increase the total amount you spend if you take their mortgage. Ask your lender if there are any hidden costs and consider all the associated fees that may arise to do your math and settle for the best deal. 5.    Consider the mortgage nature There are typically two types of mortgage to choose from which are fixed and variable mortgage rate. A variable mortgage rate can vary at your lender's discretion while the fixed rate remains the same throughout the loan period or for the agreed period. A variable rate is beneficial because you can make additional payments and create extra mortgage features like offset and redraw accounts but is also prone to interest rates fluctuations and can shoot if the rates in the market increase. The fixed mortgage rate remains fixed and does not increase when the interest rates in the market increase. This can help you to determine your repayments for a given period and can a great tool for budgeting. The downside is that your rate won’t decrease when the interest rates in the market decrease. Choose a rate that suits you best like you can consider a fixed one if you intend to live in the house and make it your home and choose the adjustable one if you plan to sell or trade the home quickly like in the next 5 or 7 years. Mortgage rates fluctuate and the Federal Reserve keeps changing them depending on various factors in the economy. Hunt for the best rates and apply those tips to be able to get the best mortgage deal.
Free Educational Webinars Explore Best Practices In Channel Marketing And Sales — August 20-24, 2018
OWINGS MILLS, MD, Aug. 16, 2018 (GLOBE NEWSWIRE) -- MotorWeek, television’s original and longest-running automotive magazine series, pulls into season 38 with an eye on cultural and lifestyle shifts and their impact on the automotive industry. Host John Davis and the MotorWeek team invite viewers on the ride to experience all that’s new for the 2019 model year, when driver convenience means more than a custom ride and “sharing” extends beyond the road. MotorWeek premieres on public television stations across the country beginning Saturday, September 8 (check local PBS listings).Independence and freedom have always been the cornerstones of car ownership. MotorWeek tracks how unconventional modes and methods of moving people, such as peer-to-peer ride-sharing and rent-by-the-minute electric scooters, are starting to fill those needs but with less owner responsibility. “American car culture has moved far beyond personalizing options on the car itself,” says MotorWeek host John Davis. “It’s about personalizing how people get where they want, and need, to be.”Davis says that dynamic changes are not limited to the car industry – these cultural shifts are affecting lifestyle, budget, environmental footprint and routine. Vehicle usage has become as diverse and personalized as that of our mobile devices. Empowered consumers continue to dictate vehicle assets like reliability, safety, environmental impact, economy and luxury by their purchase preferences, but they are also changing how those vehicles play into their personal lifestyle choices.“Car ownership isn’t going away,” says Davis. “The paradigm for ‘why’ some people are buying personal cars may be shifting, however. Millennials make up the fastest growing segment among vehicle buyers and likely will represent about 40 percent of the U.S. new-vehicle market by 2020*. They are buying at a higher rate than baby boomers and investing more in their vehicle purchase.”“The vehicle focus has traditionally been on driver needs, but with ride-sharing, autonomous and self-driving cars, and services like Uber and Lyft, the backseat has never been more important,” says Davis.Automotive manufacturers are recognizing these trends and offering new subscription vs. traditional lease options that cater to the driver who might want to switch out an SUV for a convertible or sedan, based on their driving needs at the time.With some 17 million new cars purchased last year, car buying clearly remains a priority with consumers. MotorWeek’s reviews and road tests of more than 150 new cars, trucks, and sport utilities each season are a staple of the show, offering viewers a vicarious experience from behind the driver’s seat as well as from behind the wheel. At the start of season 38, MotorWeek will hit the ignition on a broad variety of all-new models including the Jaguar E-Pace, Honda Insight, Chevrolet Silverado, Porsche Boxster GTS, Hyundai Kona, Acura RDX, and the Ferrari 812 Superfast.Season 38 of MotorWeek will also cover the rapid mainstream growth of electrified vehicles, and how to maintain them. MotorWeek’s feature line-up includes the return of popular segments such as Goss’ Garage with master technician Pat Goss offering know-it-yourself car care advice. “Over the Edge” reporter Zach Maskell turns up the fun with a look at the auto world in overdrive, while “FYI” reporter Stephanie Hart has consumer-focused updates on driving style and automotive safety, money-saving advice, as well as the latest technological advances. MotorWeek’s Brian Robinson takes a very hands-on approach for his “Two Wheelin’” reports with reviews of the newest motorcycles and Yolanda Vazquez keeps viewers in the know with consumer news and trends on “Motor News.”MotorWeek airs on 90 percent of PBS stations nationwide. Viewers can find out which public television stations air MotorWeek by going to the station listings page on motorweek.org.Winner of dozens of prestigious automotive journalism awards, MotorWeek is also seen on Discovery’s Velocity cable channel, and on the V-me Spanish-language network.In addition, MotorWeek is available for every type of video screen and mobile device with up-to-the-minute automotive news, instantaneous driving impressions, and exclusive videos online at motorweek.org. In addition, more than 500 of the latest MotorWeek roadtests are available through series partner cars.com.Program excerpts are available at pbs.org/motorweek, and MotorWeek’s YouTube Channel, youtube.com/motorweek, with two million views per month. Viewers can also follow MotorWeek on Facebook, Twitter as well as download complete shows on iTunes.MotorWeek is nationally sponsored by TireRack.com, WeatherTech, HUM by Verizon, RockAuto.com and State Farm. MotorWeek is produced and distributed by Maryland Public Television.