What Is a Prepayment Penalty? A prepayment penalty is exactly what it sounds like, a penalty for paying off your loan early. Certain mortgages, and specifically home equity lines of credit, can come with a prepayment penalty. It’s best to understand how they work and when they kick in to know whether it’s something you [...]
When you’re buying a home, there are certain inspections that are a required part of the mortgage process. There are also some which are voluntary. When you’re working with a tight budget, as many homebuyers are, going the cheap route may seem smart, but it’s best to know what types of home inspections are available [...]
Mint.com is the leader in free personal financial management software and even more importantly a great budgeting tool. Mint gives you the ability to import all of your spending activity from your bank and credit card accounts and allows you to visualize it. On top of this feature Mint has created a budgeting element that sits [...]
When tax season comes it can be a very stressful time. With the tax code getting more complicated every year, and the potential risk of making the wrong entries on your taxes wreaking havoc on your life, it's important to know that there is help with taxes available. Some help is in the form of [...]
Capture Low Credit Card Interest Rates While You Can Most Americans have become blissfully accustomed to exceptionally low interest rates because, for the past decade or more, prevailing rates in the United States have been historically cheap. For many years (right up until the late 1990s) economists considered any rate as low as six-seven percent [...]
A Bank That Stays Competitive On Rates For serious savers, EverBank has a very competitive offering with accounts that promise to provide yields in the top 5% nationwide (Bankrate Monitor's National Index is used to determine how to keep the rates in the top 5%). Everbank is located in Jacksonville, Florida, and has built a [...]
In today’s fragile economy, the ability to access credit and funding has never been so essential to meeting one's day-to-day obligations and personal financial goals. Part of the process of maintaining good credit entails staying informed of any changes in one's credit status. The government now makes it easier than ever before to access a [...]
Like most other forms of insurance coverage, car insurance provides financial safety in the event an accident takes place. With so many different types of car insurance available, consumers can quickly get overwhelmed when trying to make a decision on which policy to buy. Fortunately, the internet provides all the information needed to select the [...]
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 [...]
Thanks to the rise of technology, and the ability to bank remotely, online bank accounts are becoming increasingly popular. You don’t need to limit your banking options based on geography anymore; you can use an online bank to take care of most of your needs. Before you decide to move all your money to an [...]
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