>>Personal Finance
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Student Finance Resources

It's important for prospective, graduated, and current college students to know where to find finance resources. This list provides a number of important educational and financial sites for college students and gives details about their services. 1. National Association of Student Financial Aid Administrators (NASFAA) http://www.nasfaa.org/students/About_Financial_Aid.aspx The NASFAA provides information for parents, students and financial [...]

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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 [...]

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What is a Home Equity Loan?

When you buy a home, you normally have to borrow in order to pay the large purchase price. While technically you own the home, the argument can be made that you don’t have a lot of value built up in it. If you were to turn around and sell the home, you would have to [...]

  • The word TRUST carved into a stone wall.

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 (child, grandchild, sibling) or organization (non-profit) while also allowing the individual giving the assets to retain some control of how the assets in the trust [...]

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What is a Reverse Mortgage?

There are many different retirement tools available to those looking to develop alternative income sources. While tax-advantaged retirement accounts and pensions, as well as part-time jobs, are commonly used, many retirees don’t realize that they have another source of income locked up in the equity of their home. By making use of the reverse mortgage, [...]

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How Does a Bank Set Interest Rates for Loans?

When you go into a bank looking for a loan, the most important factor that influences how much you will pay over the lifetime of your loan is the interest rate that you are charged. The interest rates for loans that your bank lends at is basically a reflection of the default risk the bank [...]

  • ira

Roth IRA vs. Traditional IRA

You have options when it comes to your retirement account. In addition to the 401(k) that might be offered at your workplace, you can also open an Individual Retirement Account (IRA). This helps you add a little more to your nest egg each year, boosting your retirement savings. However, it's important to note that you [...]

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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 [...]

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Student Loans: Federal vs. Private

Because the cost of a higher education continues to rise, chances are that you will need student loans to help you cover the cost of going to school. Even if you have saved up with a 529 plan, and have some sort of partial scholarship, you might still need student loans to help pay for [...]

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Financial Regulatory Agencies

Who are the U.S. Financial Regulatory Agencies, and What Do They Do? The financial system in the United States has a number of regulatory bodies designed to protect consumers and make sure that the system continues to work efficiently. Understanding who these regulators are, and what they do, is important. These bodies set the rules [...]

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