Amassing equity by paying down the mortgage on your property is a good thing. Equity refers to the amount of your home that you own, without a lien. If your home is valued at $200,000 and you owe $100,000 on your mortgage, that means you have $100,000 in equity. One of the benefits of equity is that you can borrow against it. The question is, should you?
By running a credit report on your child at an early age, you are basically taking the steps to electronically bind four pieces of information together that makes your child uniquely them so that it makes it much more difficult for fraudsters to hijack any of their personally identifying information.
Do you feel that the interest rate on your auto loan is too high? Refinancing a car loan could save you a significant amount of money. Auto loan refinancing is the process of a financial institution paying off your current loan and issuing you a new one with a different interest rate.
Minimum payments on credit cards are between 1% to 4% of the balance due. If you can afford higher payments each month, you’ll benefit over the long haul. If you can’t afford to pay this percentage of your balance, chances are you’re in over your head.
With offers of an additional 15% off your purchase or free merchandise, it is tempting to apply for credit cards from your favorite retail stores. Think twice, however, before signing up. If you do not pay the bill in full at the end of each month, you could end up paying much more than you originally would have saved.
When it comes to scammers, nothing is sacred — including the bond between grandparent and grandchild. Lately, grandparent scammers have gotten bolder: they might even come to your door to collect money, supposedly for your grandchild in distress. Learn More
About 14 million adults in the U.S. do not have an account with a credit union or bank. Whether this is by choice or because they don’t think they qualify to open an account, they end up missing out on many financial services that make life easier. Learn More
Is tax time a big mystery to you, the results of which seem like a crapshoot? Do you cross your fingers and hope the calculations come out in your favor? Learn More
It’s easy to postpone starting to save for a later day, but a solid plan is key to success. By following some basic guidelines, you’re more likely to achieve financial security. Learn More
There are many things to consider before purchasing ANY car, but a NEW car might spark particular questions. There are pros and cons to buying new cars, just as there are pros and cons to buying used cars. Learn More
