Two of the options you have when sending money electronically are ACH transfer and wire transfer. Deciding which to use most often depends on how quickly you want the money to 'arrive' at its destination. What is an ACH Transfer? Many of us are familiar with automated clearing house (ACH) transfers in the form of [...]
One of the main types of insurance that you are expected to buy is homeowners insurance (homeowners policy). If you buy a home with a mortgage you will have to get homeowners insurance, and even if you buy a home with cash you should insure it. Homeowners insurance is designed to protect you from the [...]
When considering the health of your bank, one of the items to review is the number of non-performing loans that appear on the bank’s balance sheet. Non-performing loans can cause problems for banks, and even threaten their overall health. What are Non-Performing Loans? Non-performing loans are those that borrowers are no longer making payments on. [...]
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. Buying a home [...]
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