Latest Finance Articles and Promotions

Chase offering $595 on the Closing of a New Home Mortgage Loan

Chase Bank logoPurchasing a home, either as a first-time homebuyer or as a seasoned pro, requires a significant amount of cash-on-hand. The combination of a down payment, closing costs, and ancillary funds for moving or renovating can add up to a pretty penny for homebuyers, but often financial institutions make available promotions to well-qualified borrowers to help ease these financial burdens. While helpful, it is necessary for homebuyers to shop around for a lender that works best for them and fully understand the terms and conditions of these offers before signing on the dotted line.

Posted on July 31, 2017 by Melissa

What to Do When You’re Turned Down for a Loan

Loan application red-stamped deniedIt can be devastating to have your loan application denied, but it’s not uncommon. While it will be difficult to adjust in the moment, it really is a situation where you’re able to make lemonade from lemons – if you know how.

Why were you denied credit?

When you apply to any financial institution for a loan, you handed over the keys to your personal finance history file. The lender used the information provided to evaluate your creditworthiness and they’ve decided to pass. If you haven’t already, you’ll soon receive a letter, also known as an adverse action notice, explaining the exact reasons why. This letter of denial now becomes your action plan.

Posted on July 28, 2017 by Nicole White

How to Buy Vacant Land

Vacant Land Sold SignAlthough buying a home is a concrete part of the American dream for most adults, owning land as part of an investment strategy or wealth-building plan is becoming more popular. Having a small, untouched piece of property holds quite a bit of potential for building a home in the future, farming, or starting a business. However, the ins and outs of financing vacant land can be difficult to navigate since they differ from financing a traditional home purchase. If you’re in the market for vacant land, here’s what you need to consider before starting the buying process.

Posted on July 27, 2017 by Melissa

U.S. Bank offering No Cost “Smart Refinance” Mortgage Loan Option

U.S. Bank logoWhile long-term interest rates remain relatively low, many homeowners consider the benefits of refinancing a mortgage loan. Refinancing offers an opportunity to lock in a lower interest rate for some, while others reap the advantage of transitioning to a fixed-rate loan instead of a variable mortgage that fluctuates over time. However, securing the right financing for a refinance includes many factors to consider, including the costs associated with getting the new mortgage. Some financial institutions are providing much-needed help to homeowners wanting to refinance through promotions that keep the total cost of the transaction manageable.

Posted on July 26, 2017 by Melissa

How Nav Works for Businesses

nav logoOwning a business, whether it is in the startup phase or it has been in operation for years, requires business owners to wear a variety of hats, not the least of which is that of an accountant or bookkeeper. Understanding the financial footing of a company large or small is crucial to the ongoing success of a business, given that nearly all companies face a need for financing at some point in the business lifecycle. Business owners must know the strength of a company’s assets, credit history, and cash flow as this dictates how lenders, suppliers, and vendors view the organization from a financial perspective. Knowing a business credit score is part of the process.

Posted on July 25, 2017 by Melissa

Credit Union of Denver (CO) offering HELOC with 2.50% Introductory APR for 12 Months

Credit Union of Denver logoAccessing affordable credit is an important component of sound financial planning. A home equity line of credit (HELOC) offers a pathway to cost-effective borrowing for homeowners who have owned their home long enough to build equity, either by paying down the mortgage loan balance or the home appreciating in value. With a home equity line of credit that carries a low interest rate, homeowners can borrow against their accumulated equity to help pay for large expenses, including college tuition, home renovations, or consolidating high-interest debt. Many financial institutions offer home equity lines of credit to well-qualified borrowers, and before interest rates rise significantly, now may be a good time to lock in.

Posted on July 24, 2017 by Melissa

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

3 Credit Bureaus – Phone Numbers & Addresses for Equifax, Experian and TransUnion

Contact the credit bureausThe three major credit bureaus in the United States are Equifax, Experian and TransUnion. There are several likely reasons why you might need to contact one of these companies, but they sure don’t make it easy to get in touch with someone on the telephone.

Posted on July 21, 2017 by Wes

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