Residual income is sometimes confused for debt-to-income ratio, which is your monthly income vs. your monthly debt. Residual income is the amount of money that is left over each month after all of your major expenses are paid – including housing, taxes, and debt payments.
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Tag Archives | Debt
Automatic Bill Pay: Is It the Right Solution for You?
Automatic bill pay is convenient, but it’s not for everyone. Here are some of the pros and cons of using automatic bill pay.
Money Tips for Couples at Any Stage of Life
Whether or not you’re married, money can be a huge source of stress for couples. Depending on how many years and experiences you’ve shared as a couple, you’ve probably had different levels of openness with each other about your finances. Because couples face different challenges at different stages of their relationship, here are some tips for avoiding money woes.
Relocating When You’re Drowning in Debt
Whether you’re about to relocate, or help someone relocate, here are some great points to consider when you are transferring but drowning in debt.
Consumer Debt Falls in Fourth Quarter on Mortgage Balances
People want to save money. That’s a fact. From bargain shopping to penny pinching, saving money and shaving debt is a trend that is prevalent across the nation. Lucky for you, we have a product right up your ally. *
Super Committee Fails, Debt Future Uncertain
When you put the word “super” in front of anything, you’re expecting great results. So you know that Congress meant strictly business when it appointed a super committee to try to put an end to the debt crisis that the U.S. has gotten into. How did they fair?
Tougher Mortgage Standards On The Way: How Will You Be Affected?
Two months from now, Freddie and Fannie will be implementing new, more rigid standards for mortgage rate regulation. Will you be affected?
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