Parents help drive down payment surge in housing
Ben and Molly Setnick received a generous gift from Molly’s parents to buy their first home. Experts note parental help widens home ownership gaps for non homeowners and stress parents must avoid jeopardizing their own finances before assisting their children.
MENTIONED IN THIS ARTICLE
Knight Ridder
Ben
Molly Setnick
Ben Setnick
Molly
Dallas
Nicolas Retsinas
Joint
Center For Housing Studies
Harvard University
Retsinas
Joan Gruber
Dallas Morning News
Chris Hamilton
Julie
Setnicks
Fannie Mae
Freddie Mac
Parents weigh gifting versus loan to help kids buy homes
Dallas Morning News notes parents must assess affordability for both sides before gifting. Experts advise gifts with no strings attached to aid down payments and estate tax benefits, while warning against co signing or tying loans to a second lien.
MENTIONED IN THIS ARTICLE
Dallas Morning News Research
Kent Newsome
Houston
Rich Comparato
Texas
First Horizon Home Loans
Dallas
Chase
Freddie Mac
Fannie Mae
Alice McManus
Newsome
Canceling Credit Cards the Right Way
Guidance on canceling cards after paying balances, including steps to verify zero balance, request written confirmation, and send a certified letter. Advice covers checking credit reports, ensuring “Closed at customer’s request” status, and disputing errors with creditors and bureaus. Emphasizes avoiding negative credit implications and planning before major purchases like a home.
MENTIONED IN THIS ARTICLE
Credit Bureau
Credit
Banks Push Debit Card Use Amid Protection Debate
Banks encouraged debit card adoption amid rising usage from 1995 to 1999 while experts dispute protections for cardholders. Merchants and issuers clash over fees as fraud risks and bank procedures raise concerns about online and in-person transactions.
Money market yields slide in latest week
Money market mutual fund yields declined across key averages in the week ended Tuesday. The seven-day and thirty-day funds show lower yields, with Bankrate.com figures also slipping on various deposit products.
MENTIONED IN THIS ARTICLE
New York
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Bankrate.com
North Palm Beach
Fla
Bankrate Inc
Also Mentioned on This Page
By Pamela Yip
Wiss
Susan Bondy
Susan
Gazette
Third Ave
Cedar Rapids
Gti
Bondy
Chicago Tribune
Ed Mierzwinski
Ulent
U.S
Public Interest Research Group
Consumer Program
Ing
Retirement Planning Associates
Sylvia Brim
CPA
CFP
Jerry Brown
FDIC
Joan C. Exses
C.F
Investments
Dana Heavy Investment
Larry Witzel
CLA
Principal Life Insurance Company
Des Moines
Iowa
Jerry K. Ask
Investment Services of
Thrugh Princor Financial Af
Ry K. Askvestment Service Adepenent
Princor
Allsteel Area
Keller-Hull Co
1St Ave
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