5 reasons to get started today Depositing your paycheck with an image, transferring funds online and checking your balance on the go are more and more commonplace. Millions of people use mobile devices for their everyday banking needs. Mobile banking is also becoming more popular with older generations who were previously hesitant about it. Just two years ago, baby boomers were among the smallest group of mobile banking users. Since COVID-19,  46% of baby boomers have been using online and…

Many people always complain that there is no cash to save! And this has forced several families to survive on tight monthly budgets due to poor planning. Fortunately, there are numerous ways you can return some money into your pockets. All you have to do is take care of some simple tasks around your home. These tasks will reduce your monthly budget and allow you to save more cash in the future. So, here are some of the best home…

Millions of people dream of owning their own home. A home represents comfort, security, and a sense of stability that can have a big impact on your life. Whether you’re dreaming about big holiday dinners with family or sitting on the patio in your own yard on a summer night, your dream can be a reality. If you’re one of those people but you thought that you would never be able to own a home because your primary income is…

Buying a used car? Get the best bang for your buck. If you’re in the market to buy a used car, you’re not alone. In the past few months, used car sales have skyrocketed. It’s all thanks to effects of the coronavirus pandemic—those who usually took public transportation want to avoid close contact with others, and those who are looking for a different car are opting to save money by buying used. In June, American used car sales were up…

DIY repair, pro repair and homeowner’s insurance Getting the keys to a first home is one of the most exciting and important days in a person’s life. However, once the initial thrill of move-in passes, a new homeowner is faced with a daunting reality: learning how to take care of your home. Prevent problems with a proactive mindset It’s all too easy for first-time homebuyers to fall behind on home maintenance and upkeep. Unfortunately, this reactive approach is bound to…

Adverse market fee goes into effect December 1, 2020 A new mortgage refinancing fee, known as the “adverse market fee,” is just around the corner—and it has caused both concern and confusion among many homeowners. As interest rates have again declined and homeowners look to save money through refinancing, many questions have arisen with the advent of the new mortgage fee for refinancing. We dug in to learn more about the refinancing fee and answer your questions. What is the…

Small businesses are integral to the nation’s economy. Many shops, restaurants, gyms, and retail stores temporarily halted operations when the pandemic hit. A few companies had no choice but to lay off the majority of their staff and even shut down completely. The past months may not have been the easiest for them, but a few managed to stay afloat. These businesses focused on staying efficient and on adequate financial management. They innovated their traditional strategies to adapt and address…

Home buyers often start with a quick search for real estate in their desired location, and once a home piques their interest, they move into looking for mortgage loans. Navigating the mortgage options available to you should start before viewing your dream house. A pre-approval allows you to provide minimal information to learn how much money you can spend on a home. If you’re placing a bid on a home, sellers will value a pre-approval for direct mortgage loans because…

If you’re a homeowner with a mortgaged house, odds are you’ve availed a Home Equity Line of Credit (HELOC) at some point in your mortgage’s life. Maybe, you have used it to pay for your child’s university education. Or perhaps, you got one to make your dream trip come true. Most HELOCs offer a draw period where you need to pay for interests alone—and that’s easy. The financial jolt for most borrowers happens when it’s time to pay for the…

Buying a home with no down payment: Too good to be true? If you’ve ever looked into buying a home, it’s possible that one of the things preventing you from making the leap is the down payment. Which means you might be wondering: Is there a way to get a zero-down mortgage? The short answer is, “Maybe.” The longer answer is, “It’s complicated.” And the longest answer is, “It might be possible, but it’s likely not your best choice.” If…