All professional financial advisors agree that it is incredibly important that you make a budget to manage your personal finances.
Nowadays, there are plenty of applications that help you keep your personal finances organized. Two of the most popular pieces of budgeting software on the market today are Quicken and Mint. Not only are they both very popular financial tools, but they are also extremely useful. Continue reading Mint vs. Quicken – Which is Best for Your Budget in 2020?
Purchasing a home is a major life event and a large investment. Refinancing your home provides you the opportunity to leverage your investment, whether you need cash, want to lower your payment, or want overall better terms for your mortgage. Refinancing is getting a new mortgage to replace your home loan. When you refinance with your local credit union, you also take advantage of the closer relationship, better customer service, and lower interest rates that typically accompany banking with a credit union instead of a big bank. Continue reading Refinancing Your Home Loan With A Local Credit Union
Mortgage rates continue to change, but they remain historically low, even with COVID-19 introducing volatility into current home interest rates. If you are considering buying a home, it might be a good time for you to lock in one of today’s historically low home mortgage rates. Yet, uncertain times have also caused lenders to mitigate risk by raising credit requirements and increasing down payment requirements. Continue reading Getting Approved With Today’s Home Mortgage Rates
Your home is likely your biggest asset now, and perhaps in the future. For many, this means building equity in their home as they make regular mortgage payments. If you feel your credit is stretched or you’re struggling with multiple monthly payments, the equity in your home can serve as a powerful tool to improve your financial health. With home equity loans and lines of credit, you can get the funding you need to pay off smaller, high-interest debt and save money in the long-term. Continue reading The Homeowner’s Guide to Home Equity Loans and Lines of Credit
A personal loan is a short-term loan from a lender that you pay back in monthly installments. The length of a personal loan varies as well as the interest rates for borrowing money. Unless your credit is strong enough to qualify for a 0% introductory credit card offer, a personal loan will often be your cheapest option for borrowing money. In fact, the Federal Reserve reports that the average personal loan interest rate is significantly lower than the average credit card interest rate, which was about 16.6% as of February 2020. Continue reading Credit Unions & Low-Interest Personal Loans: How the 2 Go Hand-in-Hand