A recast mortgage refers to a borrower who makes an additional principal payment and then asks the bank to re-amortize the loan at the existing interest rate. The result is that while the loan term remains the same, monthly payments are reduced.
In order to buy stocks, you need the assistance of a stockbroker who is licensed to purchase securities on your behalf. However, before you make a decision on a broker, you need to figure out what type of stockbroker is right for you.
Best places to find free money. State treasuries and other agencies are holding more than $40 billion in unclaimed assets. Some of it could be yours.
Unclaimed assets, often from accounts that have been inactive for a certain period of time, can include checking and savings, payroll checks, utility deposits and tax refunds. They may also include stock certificates, certificates of deposit, insurance benefits, pension payments and safe-deposit-box contents.
Measuring inflation. How do you measure the effect of inflation on your savings? The government measures it for you and publishes the results regularly
The Consumer Price Index (CPI) tracks the prices of a variety of consumer goods and services, including transportation, medical care, and housing. The index is published monthly.
During the worst of the crisis, the Federal Reserve targeted a 2% annual growth in inflation to return the economy to health. The bank initiated various stimulus measures that were intended to boost the economy and encourage job creation.
There are many methods used to control inflation; some work well while others may have damaging effects. For example, controlling inflation through wage and price controls can cause a recession and cause job losses.