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Mark Henricks

Mortgage, Retirement and Investing Expert

Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.

Posts by Mark Henricks:

by Mark Henricks Jun 22, 2022

A junior or second mortgage is a loan secured by a property that already has another mortgage on it. If a borrower defaults, the holder of a junior mortgage can foreclose, but only gets paid after the first mortgage is fully paid off. Proceeds from a junior mortgage may be used for down payments, renovations and many other purposes. The major risk is that the borrower could lose his or her home if they fail to keep up on the junior mortgage payments. A financial advisor can help you figure out whether a junior mortgage or another financing option is the right fit for your needs. Read more

by Mark Henricks Jun 16, 2022

A mortgage can be transferred from one lender to another, from one servicing company to another and from one borrower to another. It is even possible for a borrower to transfer an existing mortgage from one property to another. Any of these transfers can take place without affecting the basic terms of the mortgage, such as the balance, interest rate, term and payment. Let’s break down how a mortgage transfer works. A financial advisor can help you put a financial plan together for your home buying needs and goals. Read more

by Mark Henricks Jun 16, 2022

Earnings estimates for financial advisors holding the Certified Financial Planner (CFP) designation produce figures from less than $50,000 a year to nearly $300,000. The range reflects the impact of experience, geography, industry and other factors on CFP earning ability. It also depends to a considerable degree on the source of the estimate. The most reliable figure may come from the Bureau of Labor Statistics, which in May 2021 put average annual earnings for all personal financial advisors at $119,960. To find a financial advisor who can help you achieve your financial objectives, use SmartAsset’s free matching tool. Read more

by Mark Henricks Jun 16, 2022

Working as a financial advisor does not require a college degree, although most people working as financial advisors do have four-year degrees. And in order to legally perform some parts of the job,… Read more

by Mark Henricks Jun 10, 2022

Asset protection strategies can protect investors, professionals, business owners and those with significant assets from loss due to lawsuits, creditor claims and other risks. This often involves… Read more

by Mark Henricks Jun 10, 2022

Guaranteed asset protection (GAP) is a type of insurance or, sometimes, a non-insurance agreement that will cover the difference between a vehicle’s actual market value and the amount owed on the… Read more

by Mark Henricks Jun 08, 2022

An increase in government spending is one of the factors that economists say can drive inflation. Other factors include interest rates, monetary policy, supply chain disruptions and fluctuations in… Read more

by Mark Henricks Jun 03, 2022

Freddie Mac is a quasi-governmental organization that plays a key role in the mortgage industry. The full name is Federal Home Loan Mortgage Corporation, and it was created in 1970 as a private… Read more

by Mark Henricks Jun 03, 2022

When a mortgage lender evaluates a borrower’s application for a mortgage and the home that will be used as collateral and approves or rejects the loan request, the process is called underwriting.… Read more

by Mark Henricks Jun 02, 2022

Growing global interest in nuclear power as a carbon-free source of energy has led to increasing prices for uranium used as nuclear power plant fuel as well as the shares of companies that mine and… Read more

by Mark Henricks Jun 02, 2022

If you have $3 million to invest, you can safely and reliably earn anywhere from $3,000 to much as $82,500 a year in interest. If you are ready take more risk, you may earn more. But risk also means… Read more

by Mark Henricks Jun 02, 2022

If you have $100,000 to invest for income, you can earn anywhere from a fraction of a percentage point to as much as nearly 10% on your money. Some interest-earning investments are guaranteed safe by… Read more

by Mark Henricks Jun 01, 2022

Saving for a financially secure retirement is a long-term project with a sometimes indistinct final objective, especially when people are just starting in their careers. Retirement is far in the… Read more

by Mark Henricks May 24, 2022

The term “18-hour city” describes a medium-sized urban area with the potential to become a large metropolis in the ranks of New York, San Francisco, Chicago and similar “24-hour cities.” Some real… Read more

by Mark Henricks May 24, 2022

A mortgage loan originator is an important member of the team of financial services professionals who assists individuals or legal entities in obtaining financing to buy real estate. Part of the… Read more

by Mark Henricks May 24, 2022

People who have traditional long-term care insurance get no benefit from the coverage if they die without ever needing long-term care. However, some kinds of long-term care insurance let a surviving… Read more

by Mark Henricks May 20, 2022

A 1035 exchange can let you pay long-term care insurance premiums using a tax-free transfer from an annuity. This technique can save on taxes while providing you with desirable coverage to protect… Read more

by Mark Henricks May 20, 2022

When C corporations pay dividends to shareholders, the transactions get reported to both the shareholder and the Internal Revenue Service using Form 1099-DIV. This form gives the amount of the… Read more

by Mark Henricks May 20, 2022

Spouses and children of veterans may be eligible for a range of benefits after the veteran dies. Benefits available to qualifying survivors include cash payments as well as help with healthcare and… Read more

by Mark Henricks May 17, 2022

It is entirely possible for a retired person to get a mortgage to buy a home and lenders are not allowed to use age to make credit decisions. A loan application from any borrower generally will be… Read more

by Mark Henricks May 16, 2022

The bank or other mortgage lender that provides a borrower with the funds to purchase a home often later transfers or assigns its interest in the mortgage to another firm. When this happens, the… Read more

by Mark Henricks May 16, 2022

Real estate owned (REO) properties offer the opportunity to purchase homes for attractive prices to home buyers who can navigate the specifics of how these properties come to market. REOs usually… Read more

by Mark Henricks May 16, 2022

A mortgage note is a legal document which, together with a promissory note, describes the terms of the loan agreement between lender and borrower. It is signed at the end of the closing process when… Read more

by Mark Henricks May 11, 2022

A loan processor prepares a mortgage loan application for consideration by the loan underwriter. The loan processor requests credit reports and gathers documents from the applicant as part of getting… Read more

by Mark Henricks May 11, 2022

A Delaware Statutory Trust (DST) owns income-producing real estate and sells percentage shares of ownership to investors who expect to receive income and appreciation. DSTs can offer significant tax… Read more