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Tag: Cities

How Much Housing Does a $600 or $1,400 Stimulus Pay For in Major U.S. Cities?

First Time Home Buyers, Mortgage
Will the next stimulus check pay your mortgage or rent for the month? It depends on where you live, and how much more is disbursed this year.  Quick Facts The second round of stimulus was approved at the end of 2020, which sent $600 to most Americans. Housing is by far the average American household’s […] The post How Much Housing Does a $600 or $1,400 Stimulus Pay For in Major U.S. Cities? appeared first on The Simple Dollar.Source: thesimpledollar.com

10 Things to Know About Working in New York

Interest Only Loans
Thinking about working in New York? There are some features of work life in the Big Apple that set it apart from the work culture in other cities. Is it true that if you can make it there you can make it anywhere? We’re not making any promises, but we can give you some tips about what working in New York is really like.  Check out our 401(k) calculator.  1. Salaries are high – but so is the cost of living. For many fields, particularly those that require highly skilled workers, salaries in New York are higher than those in other cities. But before you get too excited about the fact that salaries in New York tend to be higher, keep in mind that the cost of living in New York is higher, too. Luckily, there are plenty of financial experts around to help you figure out how to ke...

10 Things to Know About Living in Las Vegas

Mortgage Rates
When we think of Las Vegas, it often has a connotation of big parties, gambling and expensive fun. Most people who go to the Entertainment Capital of the World are there for a good time and want to experience the food, shows and casinos. But what's it like for the locals who are working and living in Las Vegas?It's a fairly big city, and residents have access to all of the fun and excitement as other out-of-town visitors. But every day isn't a party when you're living there — people have homes, families and careers to think about.There are lots of surprising aspects of living in Sin City, and it just might be the kind of scene you're looking for.1. Get ready for discountsIn the Entertainment Capital of the World, many hotels, casinos and even restaurants give discounts to those who live ...

9 Ways to Support Small Businesses Without Breaking the Bank

Budgeting, Commercial Refinance Loans
We all have our favorite small businesses, including our go-to date night restaurant and favorite thrift store. These places serve more than great food and looks — they build jobs in the community, put children through school, and are the realization of your neighbor’s dream.  These stores are built on hard work and love, and supply some of the best quality products you can find. Small businesses are a great sign of a thriving economy, but they’re also the first to suffer from economic downturns, like 2020’s COVID-19 recession. This is why it’s more important than ever to find ways to support your community’s businesses. There are many reasons why small business success is vital. Not just for the economy but for our communities. That’s why Small Business Saturday (November 2...

All About Car Loan Amortization

Adjustable Rate Mortgages, Auto
These days, it can take a long time to pay off a car loan. On average, car loans come with terms lasting for more than five years. Paying down a car loan isn’t that different from paying down a mortgage. In both cases, a large percentage of your initial payments go toward paying interest. If you don’t understand why, you might need a crash course on a concept called amortization. Find out now: How much house can I afford? Car Loan Amortization: The Basics Amortization is just a fancy way of saying that you’re in the process of paying back the money you borrowed from your lender. In order to do that, you’re required to make a payment every month by a certain due date. With each payment, your money is split between paying off interest and paying off your principal balance (or the am...

10 Things to Know About Living in Minneapolis

Mortgage Rates
Some people often don't realize that while they're called the Twin Cities, Minneapolis and St. Paul are actually two separate cities. Between the two of them, the Cities, as they're often called, have a population of more than 733,000 people. Surrounded by dozens of suburbs, the Twin Cities' metropolitan population runs about 3.28 million.However, as Minnesota's largest city with more than 425,000 people, Minneapolis is the hotbed for entertainment, sports and much more.From the Vikings to the birth of the Jucy Lucy, Minneapolis offers residents a lot to do year-round. Here are 10 things you need to know about living in Minneapolis.1. Cost of living is a little higher than average, but rent is more affordableLiving in Minneapolis costs a little more than in other cities, with a cost of liv...