Short Sale Chicago

Avoid Foreclosure. I Can Help.


HouseLogic talks to financial planner Alan D. Kahn, who offers tips for investing a tax refund in your home based on where you are in life–and with your house.

HouseLogic: What should be your priority if you get a $2,500 refund?

Alan Kahn: No matter what your situation, first and foremost, if you have credit card debt, pay it down. That’s the one item that’s creating financial havoc throughout the country. In fact, the enormous interest payments may ultimately affect your ability to meet mortgage payments.

Although you may be tempted to put a refund in a retirement account, and just continue paying the credit card minimum each month, retirement accounts may not be earning much. However, your credit card company may be charging 15% or more. The best thing to do is get rid of that noose.

Read more…


April 7, 2011 - Posted by | Uncategorized

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