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Economic fluctuations can cause financial hardships for anyone, at any time. While financial planning is often viewed as the means for preparing for retirement, and something that younger adults may not need to be concerned with, establishing a savings safety net is the best way for adults of all ages to prepare for the unexpected. In a recent American Payroll Association…
Deciding when it’s time to consolidate your student loans is easy. Perhaps your monthly payment has become unmanageable, you’re tired of receiving multiple student loan bills each month or you’d just like a fresh start on your loans. But choosing your repayment option isn’t always easy. Since you don’t know what your financial situation will look like in the future…
When you need the equity in your existing home to buy a new one, selling your home ASAP is top priority. But, when the offers aren't coming as quickly as you like or for the exact amount you need, you might wonder if you can afford to make a move. A swing/bridge loan might be the solution. These loans offer a way for you to access your current home’s equity so you can close on your dream home before it's sold to someone else.
As the owner of a small business, day-to-day operations keep you busy. Whether you're attending to your customers' needs or planning a new product launch, cybercriminals count on these and other necessary tasks to distract you from noticing their nefarious activities. Fortunately, you can protect your business from falling victim to cybertheft — including business wire fraud — by taking a few simple steps.
When you start hearing wedding bells, there’s a lot to think about. One thing that often gets overlooked is student debt. Many people don’t know all of the implications that go along with student loans and marriage. There are numerous details, and it can definitely get confusing. So, we’ve compiled some key considerations to discuss before tying the knot.
Congratulations - your home loan application has been approved! These life-changing words are the hope of many would-be homebuyers. Qualifying for a home mortgage can seem like the biggest hurdle to homeownership. But a mortgage loan approval doesn't mean you can actually afford your dream home. When mortgage lenders approve an application, specific lifestyle expenses are not factored into the decision.
When you graduate college, adulthood tends to hit you all at once and you’ve probably got the financial documents to prove it. If you’re like most recent grads, the piles of paperwork on your coffee table may include some late bills, your diploma and more receipts than you know what to do with.
These scams are able to fool unsuspecting consumers who may not completely understand that even though a bank account may show the funds as “available”, this doesn’t mean the check has “cleared”. Fraudsters know that banks must make funds available in an account within several days, yet it often can take weeks to discover that the check was fake. When it is, the amount of the fake check deposit is removed from the customer’s account. As a result, they are out the money they sent to the fraudster and because it was sent voluntarily, the bank is not obligated to cover the loss.
Historically low interest rates might help unlock the doors to your dream home sooner than expected. Low rates can increase your buying power in a competitive housing market. You might also be able to afford more home, with money left over to fund other financial goals. But accessing the best rates often requires excellent credit scores (740 and above).
Creating a Budget can be hard and sticking to that budget can be even more difficult. With spending as easy as pressing a button on your phone and the COVID-19 pandemic effecting everyone; it is more important now than ever, to create a good budget. In this article, we’ll help you make a financial plan to hold yourself accountable.
