Have you ever noticed your credit card rate inching upward? Or certain loan payments increasing from a rise in interest rates? Chances are that those shifts are the result of changes to the prime rate. The “prime rate” may sound like financial jargon, but it plays a significant role for borrowers and savers alike.
If you’ve owned your home for a while and built substantial equity, you can access that equity with a Home Equity Loan, a Home Equity Line of Credit (HELOC), or a Cash-Out Refinance. Understanding these different loan options will help you determine which one best fits your financial situation.
Summer is here, and the open road is calling! Whether you’re headed to the beach or the mountains or you’re off to forge a new path, a little preparation goes a long way toward ensuring a stress-free road trip. Take time to ensure your car is in top shape, your travel budget is in check, and your plans are mapped out.
Home equity lines of credit (HELOC) provide homeowners with an affordable financing option that can be used for just about anything – home remodels, vacations, higher education, debt consolidation, etc. However, these loans confuse many members due to their terminology and features.
Navigating the world of student loans can feel overwhelming, especially for first-time students and borrowers. With a realm of options available, it’s important to understand the nuances between the different loan types and how each option can potentially affect your financial future.
While mortgage and rent are the primary cost concerns, it’s important not to overlook the expense of moving. There’s more to consider than solely the payment for professional movers. There are also supplies, utility deposits, fuel, and more to factor in, which can all add up quickly!
Refinancing your car loan might sound like a mystical and complicated process, but that’s rarely the case. In truth, refinancing is one of the quickest and easiest ways to put more of your hard-earned dollars back into your wallet each month. Let's debunk these myths and help you understand how this process can instantly improve your finances.
The warmer months are here, and car sales are heating up! Summer is one of the busiest times for car buying, thanks to fresh inventory from manufacturers and summer sales. If a new ride is on your mind, you have an important question to ask: Should I buy new or used? Each option comes with pros, cons, and financial trade-offs.
Graduation season is here, and it’s time to celebrate. Congratulations if you’re one of the many students crossing the stage this spring! Earning your degree is a huge accomplishment. However, as you step into this exciting new chapter, you might be wondering, what’s next?
Buy Now, Pay Later (BNPL) programs may be the latest payment craze, but the concept isn’t new. These same principles made credit cards popular. These payment options are gaining traction due to the lure of no-interest charges, convenient repayment schedules, and easy approvals. While convenient, hidden dangers are lurking in the waters that many are overlooking.
