What are the 529 College Funding Plans?
Catholic Online
5/12/2006, by Donald P. Clark
Dear Money Mentor:We are looking at college funding for our growing children. My father in law suggested we look into the 529 plans. Save me some time. Is this a good alternative to giving the kids mutual funds in their own name, or buying an annuity in their name? We are getting lots of ...
When Do We Lock Our Mortgage Interest Rate?
Catholic Online
5/12/2006, by Donald P. Clark
Dear Money Mentor:We are pressing to buy our dream home but have been reluctant to lock in our mortgage rate while the rates seem to fluctuate each week, sometimes several times a week. How do you know when to lock the rate? We expect to close within ninety days? Living with our decision for ...
What is a “deficient value” policy on a Lease Car? Am I being ripped off?
Catholic Online
5/8/2006, by Money Mentor
Dear Money Mentor:
We were all excited to lease rather than buy our new car because the payments were going to be less than purchasing, but we were surprised by the “fine print” requirement to get an additional coverage for a “deficiency in value”? Are we being jerked around or what? We have ...
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