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Alex Silady

Home Buying and Banking Expert

Alex is a graduate of New York University's journalism school. He has penned and edited articles, features and videos for news, politics and entertainment websites, both in the US and abroad. His specialties are archival research and the history of finance. His areas of expertise include home buying, small businesses and banking. Alex's hobbies include video games, especially RPGs, and following NHL hockey.

Posts by Alex Silady:

by Alex Silady Mar 18, 2023

Mortgage lenders use the debt-to-income ratio to evaluate the creditworthiness of borrowers. It represents the percentage of your monthly gross income that goes to monthly debt payments, including your mortgage, student loans, car payments and minimum credit card payments. The debt-to-income ratio does not take into account such big expenses as income taxes, health insurance or car insurance. Generally, lenders are looking for a ratio of 36% or lower, though it is still possible to get a mortgage with a debt-to-income ratio as high as 43%. Worried that you have too much debt to buy a house? A financial advisor can help you put a financial plan together for your needs and goals. Read more

by Alex Silady Jan 27, 2017

By consistently paying your mortgage bill on time, you’re showing your lender that you’re a responsible borrower. That may be obvious, but what’s often overlooked is the art of making extra mortgage payments. Paying more than you’re required to can benefit you in several different ways, including reducing the amount of interest you pay over time. If you’re interested in making extra mortgage payments, here’s how to do it. Read more

by Alex Silady Mar 20, 2023

As a small business proprietor, you probably enjoy moving to the beat of your own drum. But doing everything on your own might not get you very far. Some of the most successful business owners have strong support systems. Regardless of whether that support comes from family or friends, having someone in your corner can give you the confidence you need to make bold moves. Read more

by Alex Silady Jul 12, 2016

Investing can be intimidating, especially when you’re doing it for the very first time. It’s easy to get confused and overwhelmed when trying to understand financial terminology and many new… Read more

by Alex Silady Dec 29, 2016

Sometimes paying in cash is inconvenient, difficult or impossible – that’s where credit card issuers come in. According to payment systems research firm the Nilson Report, $4.765 trillion in payments… Read more

by Alex Silady Sep 23, 2014

A feeling of safety where we live and work is an essential part of quality of life. After all, it’s hard to enjoy our situation when we’re constantly worrying whether we’ll come to harm. So where is… Read more

by Alex Silady Feb 03, 2017

The United States has the highest percentage of its population in prison in the world, ahead even of countries like China and North Korea that are notorious for locking away political dissenters. All… Read more

by Alex Silady Sep 12, 2014

According to the Bureau of Labor Statistics, individuals with bachelor’s degrees alone make twice as much and are half as likely to be unemployed on average as those with only a high school education… Read more

by Alex Silady Sep 15, 2015

A college education is increasingly important in order to get and keep a job in the current information-oriented world. However, even as it becomes more and more of a necessity, college costs are… Read more

by Alex Silady Oct 28, 2022

Mortgage lenders are integral to the housing industry. Across the country, they help people become homeowners with various types of loans, which may have any number of different repayment periods… Read more

by Alex Silady Mar 14, 2018

Not everyone has the time or qualifications to pick individual stocks and bonds to invest their hard-earned money in. That’s why mutual funds exist, so that many investors can pool their money in… Read more

by Alex Silady Dec 21, 2017

The tech industry is booming across the country. From big cities to small ones, successful startups are taking root, and job prospects for tech workers are rising precipitously and show no signs of… Read more

by Alex Silady Mar 16, 2023

The consolidation of banks in the U.S. has been a trend over the past 35 years. In fact, in 1985, there were 14,427  banks that were insured by the Federal Deposit Insurance Corporation (FDIC).… Read more

by Alex Silady Mar 20, 2023

Across the country, real estate markets are much healthier than they were a few short years ago, when a housing bubble precipitated a much larger economic crisis. But some places have recovered… Read more

by Alex Silady Aug 05, 2015

There are many reasons to choose a city to live in, but most of them revolve around our basic needs: employment, cultural stimulation and education. But sooner or later, we all need healthcare,… Read more

by Alex Silady Jul 05, 2018

Once upon a time, chocolate was unheard of across most of the world. From the 1800s BCE to the 16th century CE or so, it was exclusively consumed by a small group of people – Aztec nobles in what is… Read more

by Alex Silady Mar 20, 2023

As the last traces of the long and brutal winter disappear across the country and the weekends start to get warmer and sunnier, people of a certain mindset – let’s call them history nerds – start to… Read more

by Alex Silady Oct 22, 2021

SmartAsset wanted to know who in the country is getting the best deal for their property taxes. To find that out we answered 3 questions: how good are the schools, how safe is the area and how much… Read more

by Alex Silady Oct 01, 2022

When you get delivery or takeout from your favorite restaurant on the job, chances are you’ll get, along with your plastic cutlery, a handful of tiny paper packets of salt. If food needs it, we… Read more

by Alex Silady Mar 20, 2023

They’re as much of a holiday obligation as a card, a fancy dinner, or a phone call, de rigeur for certain people in our lives, as well as the go-to gesture for congratulations or apologies. And they… Read more

by Alex Silady Sep 20, 2018

A computer is only as good as the information that’s fed into it. That’s one of the truisms of programming that has held for as long as computers have existed, and ever since Charles Babbage and Ada… Read more

by Alex Silady Dec 21, 2017

Ilse Blansert rearranges her stick-straight brown hair so that it’s out of her face and puts on a couple dabs of makeup to even out her pale complexion. Satisfied after checking her appearance in her… Read more

by Alex Silady Mar 20, 2023

Thousands of fans attending in person, as well as millions more watching at home, strike up a cheer as the teams make their entrances for the playoff match. There’s been a bitter rivalry between the… Read more

by Alex Silady Mar 20, 2023

Wall Street bigwig Bernie Madoff became infamous several years ago when a fraudulent securities operation he was running collapsed and cost his investors, including hospitals and charities, $17.3… Read more

by Alex Silady Sep 25, 2017

A well-known real estate truism is that housing prices in America’s biggest cities are much higher than the national average. New Yorkers, for example, often complain that thousands of dollars a… Read more