Everywhere you turn right now, there’s a new wave of hype about mortgage refinancing. That’s all thanks to the Federal Reserve dropping interest rates by half a percentage point at the beginning of March 2020 and then dropping again mid-month to between 0–0.25%.1,2 Zero percen...
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Credit bureaus are information warehouses. They gather information about you and millions of other consumers and sell that information to lenders and others who want to know about your borrowing behavior. Whenever you apply for a loan or line of credit, lenders want to know...
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Credit Unions vs. Banks: An Overview When you're deciding where to open your financial accounts, you may wonder: Should I go with a bank or a credit union? Today there are fewer differences between the two in terms of convenience, especially if the credit union you're conside...
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What does it mean to be Bullish or Bearish in the investing? Investors call someone “bullish” if that person believes that stocks, or any other security for that matter, will go up,. They call a someone “bearish” if that person believes that stocks will go down. Market ...
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What a yearly home insurance check-up can do for you Whether your home insurance bill comes once a year or it’s rolled in with the mortgage or rent, it’s good to have an annual insurance review to make sure you’re properly covered. Insurance agents are happy to meet with their cli...
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Understanding Nest Eggs It is called a nest egg because it is a valuable amount of money that is set aside and invested throughout working years so that a person can have it grow over time for the purpose that they require it for. The term originated from the practice of farmers putting eggs into ...
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15-Year vs. 30-Year Mortgage: An Overview A bewildering variety of mortgages may be available, but for most homebuyers, in practice, there is only one. The 30-year fixed-rate mortgage is practically an American archetype, the apple pie of financial instruments. It is the path that ge...
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Introduction Selected Abbreviations DI Disability Insurance GDP gross domestic product HI Hospital Insurance NRA normal retirement age OASDI Old-Age, Survivors, and Disability Insurance OASI Old-Age and Survivors Insurance PAYGO pay as you go As ...
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Few major decisions are a slam dunk. If they were, life would be a lot less complicated. But most of the time, you need to weigh the pros and cons before making a choice. Getting a HELOC, or home equity line of credit, is a major financial decision. You need to decide whether to seek a l...
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