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Student Finance Resources
We've compiled the ultimate student finance resource page with over 25 financial resources for college students and grads covering student loans, repayment, money saving...
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Student Finance Resources
We've compiled the ultimate student finance resource page with over 25 financial resources for college students and grads covering student loans, repayment, money saving, and other services for borrowers.
Continue ReadingCategory: Student Finance
Personal Bankruptcy
When interest payments on debt reaches the point where there's no way to keep up with daily living expenses, let alone pay off existing debt, filing for personal bankruptcy provides a way to get a fresh start. This fresh start is not without its challenges, especially in terms of needing to repair your credit status as quickly as possible. So anyone considering this option may also want to look into alternatives to bankruptcy.
Continue ReadingCategory: bankruptcy
What is a Home Equity Loan?
What is a home equity loan? A home equity loan is a financial product that allows you to access the value (ownership) you have built up in your home by using that value as collateral.
Continue ReadingCategory: Personal Finance
What is a Trust Account?
A trust bank account can be opened at almost any bank. The point of a trust bank account is that it allows an individual to give assets to another individual or organization.
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What is a 401k?
One of the most common investment accounts in use by Americans is the 401k. This is a special type of investment account designed to help workers save for retirement. 401k accounts come with tax advantages, and it's possible to use them to invest for the future. Continue Reading
Category: Investments
What is Title Insurance?
When you buy a home, one of the essential items you are expected to purchase is title insurance. The title insurance is issued by a title company, whose job it is to verify the line of ownership for the property. This is done to prevent you from buying a property from someone who doesn't have proper ownership of the property, and to provide you insurance if in fact you make that mistake and the rightful owner claims the property. Continue Reading
Category: Mortgages
Roth IRA vs. Traditional IRA
If you're interested in contributing to an IRA you need to choose which type is right for you. You can choose a Traditional IRA or a Roth IRA. What you choose depends on your situation. Here are some of the basic differences between a Traditional IRA vs. Roth IRA
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Home Owners Insurance
One of the main types of insurance that you are expected to buy is home owners insurance (home owners policy). If you buy a home with a mortgage you will have to get home owners insurance, and even if you buy a home with cash you should insure it.
Continue ReadingCategory: Insurance
Mortgage Pre-Approval
In our last article we covered the differences between getting pre-approved and pre-qualified for a mortgage. If you're actively looking for a mortgage pre-approval is what you should be looking for. Below we cover the steps for getting pre-approved and what you need to know to increse your chances of getting approved.
Continue ReadingCategory: Mortgages
Pre-Approved Mortgages vs. Pre-Qualified Mortgages
Before you start shopping around for a home, it's a good idea to receive a pre-approved mortgage from a lender. This lets you know how much money you can borrow when you decide to purchase a home. However, as you prepare to borrow to buy, you need to make sure you aren't confusing pre-qualification and pre-approval.
Continue ReadingCategory: Personal Finance
