
What percentage of your income should go to a mortgage?
There are multiple schools of thought on how much it should be.
Chloe A. Moore, CFP®, is a member of Bankrate’s Financial Review Board and founder of Financial Staples, a virtual, fee-only financial planning firm based in Atlanta and serving clients nationwide. The firm is dedicated to serving tech employees who are entrepreneurial-minded, philanthropic and purpose-driven.
Moore was named an Investopedia Top 100 Financial Advisor in 2020, 2021 and 2022. She has contributed to Business Insider and was featured in Financial Advisor, Wealth Management, NerdWallet, U.S. News and other outlets.
In addition to promoting financial literacy through speaking, writing and volunteering, Moore also focuses on the cultivation of female and minority financial planners. Along with three colleagues, she recently launched the BLatinX Internship Program (BLX), which provides paid internship opportunities to aspiring Black and Latinx financial planners.
Moore believes that money is an emotional topic and it impacts many aspects of our lives. She enjoys helping clients unpack their money history and discover how they can use money to support a life that is most meaningful to them.
There are multiple schools of thought on how much it should be.
Here’s how to cut this monthly insurance cost it if you’re eligible.
There are still a few more steps to take once you pay off your loan.
Both are options for borrowing money based on a home’s value.
Some key facts and figures everyone who has a house should know.
It lets you make minimal monthly repayments for a while. But it could shock you at the end.
Want to borrow against your home’s value? Be ready to meet these criteria.
One means lower payments, the other costs less overall.