College Costs and University Endowment Model

Today’s cost of tuition at a public institution of higher education is (on average) $10K a year and is increasing at twice the normal inflation rate. Sending two children to college is quarter of a million dollars expense in today’s costs. Interestingly, rich state and private University endowment funds help subsidize tuition costs. Planning for …

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Mortgage Loan Qualification for Different Home Types

Using the criteria banks use to qualify for a mortgage, we show the income levels required to purchase a townhome, single family and duplex in high priced real estate markets. We will use the Mortgage Loan Qualification Calculator from FinCrafters to understand the criteria banks use to qualify borrowers for different types of home buys …

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