Kevin McKinley: On Your Money - Articles

Reverse mortgages

Sun, 12 May 2013 12:00:00 CST

     In our ongoing discussion of home loans and home ownership, we’ve yet to mention a particularly intriguing type of mortgage that may be a useful tool to you, or someone in your family.
     It’s called a “reverse mortgage”, and although it’s not right for everyone, it can be a solution to homeowners who have lots of home equity, but not quite enough cash or income.
     And a recent elimination of a popular version of a reverse mortgage means you may want to consider it sooner, rather than later.

Shopping for a home loan

Sun, 05 May 2013 12:00:00 CST

Last week we discussed how homeowners could use home mortgages, loans, and lines of credit to get access to the equity they’ve accumulated in their residences.
This week we’ll tell you where you can go to for a home loan, and how to emerge from the process relatively unscathed.

Home Loans

Sun, 28 Apr 2013 12:00:00 CST

This week we continue our series on all things related to homeownership, with answers to a question that almost all homeowners eventually ask: “How can I borrow against the equity I’ve built up in this place?”
And because we strive to give you even more than you ask for, we’re going to tell you the reasons you might want to choose a particular option, and what you can expect to pay.

Pre-Mortgage Process

Sun, 21 Apr 2013 12:00:00 CST

     Don’t let those snowdrifts outside fool you—we’re several weeks into spring, which is the traditional kickoff to the home buying and selling season.
     So we’re going to spend some time covering what buyers, owners, and sellers can do to make the most of their likely-most important asset.
     Today we’ll attempt to help those who are looking to purchase for their first (or second, or third) home.

Tax Breaks for Education Expenses

Sun, 24 Mar 2013 12:00:00 CST

Parents are usually both thrilled and panicked when their children enter college. The excitement comes from the kid having the ability and determination to get into an institution of higher education. The terror arises when they consider the cost.
Thankfully, the government provides several tax incentives to help ease the burden of saving, paying, and repaying loans used to pay for higher education expenses.