Latest Finance Articles and Promotions

The “Snowball Method” Works Great for Paying Off Debt

Happy blond girl showing snowballWhen you decide to take the first step in the long journey of paying off your debt, you’ve got some tough decisions to make. What can you cut from your budget? How can you earn some extra cash? Is this really all worth it? (Spoiler alert: It is)

The biggest and toughest question is: How in the world do you start?

Posted on July 21, 2017 by Nicole White

Zions Bank offering Home Equity Line of Credit with a 2.49% Introductory APR for 6 Months

Zions Bank logoHaving home equity in a residential property can be a saving grace for homeowners who need an affordable method to borrow funds. Whether the money is needed to pay for college tuition for children or grandchildren, a home renovation, or the consolidation of high-interest debt, a home equity loan or line of credit gives qualified homeowners the ability to tap into accumulated equity easily. Before taking out a home equity vehicle, however, it is important for homeowners to shop around to ensure they are receiving the best possible interest rate and terms from their lender.

Posted on July 20, 2017 by Melissa

Suncoast Credit Union (FL) offering $3,000 off Mortgage Loan Closing Costs

Suncoast Credit Union logoBuying a home is a big part of the American dream for most, and the rebound of the housing market combined with historically low interest rates has made the pursuit of home buying even more pressing. However, it can be a challenge to scrape together the savings needed to make home ownership a reality. Cash is needed for a down payment as well as added expenses, such as closing costs, and without financial assistance from an outside party, some prospective buyers feel as though owning a home is out of their reach. In recent years, some financial institutions have designed home-buying assistance programs to help offset some of these significant costs to give potential homeowners a fighting chance. You just need to do a little shopping around.

Posted on July 19, 2017 by Melissa

How Dun and Bradstreet Works for Businesses

Dun & Bradstreet logoUnderstanding business credit is an integral part of operating a successful company, no matter the industry or size of the organization. Like personal credit, the credit profile of a company allows lenders, including banks, credit card companies, and suppliers, the ability to see how much risk a business presents when a new application for credit is submitted. When credit is poor, it can be difficult for a business to secure the amount of financing necessary to purchase more inventory, expand operations, or buy equipment necessary to keep the doors open.

Posted on July 18, 2017 by Melissa

Fulton Bank offering HELOC with 2.59% Introductory Interest Rate for 12 Months

Fulton Bank logoThe opportunity to borrow from equity built up in a home over time is a powerful financial tool. Using a home equity loan or line of credit is often more affordable than securing a personal loan or utilizing a credit card, and the funds can be used for any major purchase life throws into the mix. While a home equity line of credit offers low-cost borrowing and flexibility, not all products are created equal. It is important for homeowners to understand the total cost of borrowing through a home equity line of credit, and consider various lenders to make sure the most affordable interest rate is offered.

Posted on July 17, 2017 by Melissa

4 Sly Mortgage Traps That Will Cost You Dearly

Perturbed young family discussing mortgage loan and financesFor most Americans, the decision to purchase a home is one of the most significant, far-reaching financial moments of their lives. Not only does home ownership carry the constant responsibilities of interior and exterior upkeep; for most of us, our mortgage is also our costliest monthly expense.

If you’re even considering taking out a mortgage, know this.  You’re entering an arena with large sums of money up for grabs (for the agent and sellers), in a highly illiquid medium.  In other words, with a few exceptions, a mortgage isn’t something you can get out of without some type of struggle.  Whether it’s selling the house altogether or refinancing your terms, once you’re locked in, getting out of the deal can involve myriad complications—especially if you need your money (and your mobility) back quickly.

Posted on July 14, 2017 by Devin Trim

Bank of Oklahoma offering $125 in Bonus Cash with New or Used Auto Loan

Bank of Oklahoma logoPurchasing a new or used car is not a financial goal most people can take on without the help of auto financing. The majority of banks and credit unions offer loans specifically for this purpose, and because the vehicle is used as collateral for the loan, the cost of borrowing to buy a new ride is low compared to unsecured loans or credit cards. Auto loans typically provide an extended repayment term, ranging from three to six years, making the monthly payment affordable for well-qualified borrowers. Although the financial institutions that offer auto loans are a dime a dozen, it is worth a buyer’s time to compare various lenders to ensure they are receiving the most beneficial loan.

Posted on July 13, 2017 by Melissa

3 Hallmarks of a Great Student Loan

Male student leans on stack of textbooks on deskTaking out a student loan could be one of the most significant financial decisions you ever make.  Your ability to pay the loan back at all is entirely dependent on how you fare post-graduation.  Competition for top-tier jobs is fierce at the best of times, and the type of economy you will inherit upon graduation is unknowable.  In other words, consider your major carefully before applying for loans…and remember that the repayment period on most loans will be ten years or more.

Posted on July 12, 2017 by Devin Trim

6 Big Reasons You Need Credit

Man looking at credit options on computer screenNow that you’re familiar with what credit is, how credit reports are created, and where credit scores come from, you might wonder: “Why do I even need credit?” Can’t you just pay cash for everything from now on and forget all this?

Posted on July 11, 2017 by Nicole White

Arbor Financial Credit Union (MI) offering 100% Financing on 10, 15 and 30-year Mortgage Loans with No PMI

Arbor Financial Credit Union logoBuying a home, whether for the first time or not, takes a significant financial investment. Not only is there often a down payment requirement equal to a percentage of the purchase price, but prospective homeowners are also on the hook for closing and moving costs. When savings isn’t enough to cover each of these expenses in full, it may seem like the dream of homeownership is far from a feasible move. Fortunately, there are several financial institutions offering assistance for potential and current homeowners in the form of a reduced down payment requirement, so be sure to shop around.

Posted on July 10, 2017 by Melissa