Latest Finance Articles and Promotions

How Credit Cards Work – The Basics

One red and one blue credit cardWhile credit cards were once considered a luxury for the upper classes, these days most of us relay on them for our daily lives. But many people don’t understand how they work behind the scenes. Basically, a credit card is simply a monetary instrument that can be used in the process of obtaining goods and/or services. Afterwards, the money that was used via the credit card is scheduled to be repaid (plus any accrued additional charges) at the end of the card’s billing cycle which is usually a month in duration. This is the reason why credit cards are generally referred to as “plastic money”. They, more or less, embody the concept of “buy now – pay later”. Sounds pretty simple, right?

Posted on August 23, 2017 by Henry

State Farm Bank offering $500 Closing Cost Discount on Home Mortgage Loan

State Farm Bank logoOwning real estate is one of the proven ways to build financial stability for the long-term, but jumping on the property ladder comes with challenges. For most, the costs associated with buying a residential property are steep, deterring some potential homeowners from making the move. In addition to a down payment required by the lender, prospective homeowners must also set aside funds for closing costs, moving, and furnishing their new place. Fortunately, some financial institutions are lending a helping hand to reduce some of these costs. View offers from multiple mortgage lenders.

Posted on August 22, 2017 by Melissa

The Business of Student Loan Debt – An Investors Paradise

Graduation cap atop pile of 100 dollar billsMore than 40 million borrowers throughout the United States owe a collective $1.3 trillion in federal and private student loans. With the average loan balance of more than $30,000 and a monthly payment ranging between a few hundred to more than $1,000, student loan borrowers can find it difficult to make ends meet each month. Recent studies have shown that individuals carrying the burden of student loan debt are putting off long-term financial goals, like buying a home, earning a graduate degree, or starting a business, until they have put a significant dent in their loan balance. But the business of student loans makes that a difficult task.

Posted on August 21, 2017 by Melissa

Broker or Fiduciary? The Wrong Choice Could Cost You Thousands

Fiduciary financial advisor shaking hands with client in officeWhen it comes to maximizing wealth over your lifetime, and making the wisest financial choices in general, almost nothing matters more than who you turn to for advice.  And in this day and age of constant, aggressive advertising, it’s easier than ever to get caught up in the glitzy marketing of finance firms pushing their own agenda rather than yours.

Posted on August 18, 2017 by Devin Trim

Florida Community Bank offering $500 Toward Closing Costs or a 0.125% Interest Rate Discount on Mortgage Loan

Florida Community Bank logoWhether it is a first-time home purchase or an upgrade to a different home, the financial burden of buying real estate can be high. Prospective and current homeowners must do some number crunching to determine what they can afford on a monthly basis as it relates to the mortgage loan payment, and the upfront costs of buying a home have to be added into the mix. The immediate costs include closing expenses, like an appraisal, insurance premiums, and taxes, as well as a down payment and moving costs – all which can add up to quite a bit. To help take away a portion of the financial pressure that goes hand in hand with home ownership, financial institutions offer a wide variety of promotions to eligible borrowers. So be sure to shop around.

Posted on August 17, 2017 by Melissa

5 Crushing Consequences of Student Debt

Young woman carrying heavy box of debt walking along gray wallMany economists are arguing that student debt is the new financial bubble we should all be worrying about, with ominous consequences in store for the economy at large, and certainly for individual debtors.

Before deciding whether to add your name to the 44 million Americans collectively owing $1.4 trillion in educational debt, consider these five crushing consequences of excessive student loans.  These consequences won’t apply to every individual with a loan.  But they’re very real risks (and agonizing ones to fall prey to) so beware.

Posted on August 16, 2017 by Devin Trim

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

Santander Bank logoBeing a homeowner comes with a slew of perks, not the least of which is the potential to build wealth over time. As the mortgage balance is paid down and market value increases, individuals who own their home accumulate equity. Borrowing against that value through a home equity line of credit (HELOC) can be a smart method to finance larger expenses, especially when interest rates are low. Paying for college tuition, a home remodel or renovation, and consolidating high interest rate debt can all be done efficiently and affordably with a home equity line of credit. View offers from multiple mortgage lenders.

Posted on August 15, 2017 by Melissa

The Process of Buying a Mobile Home

White single-wide mobile home on land lotThere are several reasons a prospective homebuyer may consider purchasing a mobile home as opposed to the traditional, single-family home. Mobile homes are portable, making them a breeze to relocate to a different city or state, and they are considerably less expensive even when adding in the cost of the land on which they sit. But the process of buying a mobile home differs from that of a conventional residential property. Before making the decision to purchase a mobile home, here’s what you need to know.

Posted on August 14, 2017 by Melissa

5 Stellar Tips to Save Big on Motorcycle Insurance

Blue motorcycle and car accident on paved streetNext to a car, a motorcycle is one of the biggest expenses you’re likely to take on in your lifetime.  Between juggling fuel, repairs, and accessories, you don’t need to be spending a cent more on motorcycle insurance than is absolutely necessary.  Check out these 5 stellar tips to save big on insurance for your bike today.

Posted on August 11, 2017 by Devin Trim

Defaulting on Your Student Loan? What Your Need to Know

Young woman student worried over unpaid bills and student loanKeeping up with student loan debt is a financial hurdle millions of borrowers face each year. With more than $1.3 trillion owed collectively among more than 40 million borrowers, it is no surprise that student loan default is a hot topic. Failing to pay student debt on time each month can have drastic effects on multiple facets of your financial life, not only in the immediate term but for a number of years to follow. Whether it’s federal student loan debt or private, here’s what you need to know about student loan default and a few strategies to avoid it.

Posted on August 10, 2017 by Melissa