Ask the Experts: Should I consider an interest-only mortgage?

An interest-only mortgage lets you make monthly payments consisting of interest only for a specified number of years before you begin to pay off the principal balance. As a result, your …

Ask the Experts: What is an option ARM?

An adjustable rate mortgage (ARM) that offers different payment choices each month is called an option ARM. Each month, you select the payment option appropriate for your budget.

Option ARM payment choices …

Choosing a Retirement Community

Perhaps you’ve seen ads for a new “over 55” luxury condominium development in your town. Or another winter of shoveling has finally convinced you that it’s time to move to a warmer climate. You’re looking forward …

Federal Tax Credits for Energy Efficiency

A federal law passed in 2005 created several significant income tax credits in an effort to promote energy efficiency. Here’s a closer look at four tax credits available to consumers.

Hybrid vehicle tax credit…

Retirement Plans for Your Small Business

A retirement plan can be a critical part of a competitive benefits package. Although small business owners can sponsor a qualified retirement plan like a 401(k) or profit-sharing plan, these plans can be expensive …