Financial Management

Prepare to Prosper Part 4: Get Smarter About Credit

Today, most people carry some amount of debt. This may include student loans, personal loans, or credit card bills. And sometimes it may be challenging to prioritize these debts over other everyday expenses. But making a plan to manage your payments and balances can help. These nine tips may help you prepare to take small steps to managing your debt and improving your credit. […read more]

Financial Management

Prepare to Prosper Digital Exclusive: Saving & Investing

Lately, it seems like everyone is talking about investing. But if you’re not sure whether it’s time for you to start investing, or if you should focus on saving, the answer depends on your goals, risk tolerance, and financial situation. In this article, we’ll help you determine whether you should focus on building your saving or starting to invest. So no matter where you are in your financial journey, we’d like to help you prepare to reach your specific goals. […read more]

#NNPA BlackPress

Government-sponsored race discrimination has suppressed Black homeownership and generational wealth

JACKSONVILLE FREE PRESS — An example of “de facto” segregation would be white concentration in a particular school district, simply because the surrounding neighborhood is predominately white. “It’s a myth that  unlike all the other segregations I’ve described, segregation in housing wasn’t created by government. And we tell ourselves that residential segregation will happen by accident; unlike the other kinds of segregations I’ve described.” […read more]

Christopher G. Cox, publisher and managing editor, www.realesavvy.com
Commentary

PRESS ROOM: Fannie Mae, Freddie Mac Offering Mortgages for as Little as 3 Percent Down

PASADENA JOURNAL — One of the biggest obstacles confronting low- and moderate-income home buyers is coming up with the 20 percent down payment that many financial advisors recommend they have in the bank prior to entering the housing market. Under Fannie Mae’s Home Ready and Freddie Mac’s Home Possible programs, it might be possible to obtain a mortgage with substantially less cash on hand. […read more]

Business

Black Wealth Still Plummeting

PRECINCT REPORTER NEWS — “For households of color, the Great Recession erased the economic progress made over the past three decades in their entirety,” said Astrada. “If current trends continue, it will take 228 years for the average Black family to reach the level of wealth White families own today. For the average Latinx family, matching the wealth of White families will take 84 years.” […read more]

Business

Real Estate Industry Insiders Work to Educate Potential Home Buyers during National Homeownership Month

Christopher Cox, the publisher and managing editor of realesavvy.com, says that June is a great month for African Americans to learn more about homeownership. June is recognized by United States Department of Agriculture (USDA), United States Department of Housing and Urban Development (HUD) and the National Association of Real Estate Brokers (NAREB) as National Homeownership Month. […read more]