Tag Archive | "rate"
Unveiling the Truth About Identity Theft
Over the past five years, identity theft has become a growing, nationwide concern annually affecting approximately 10 million Americans and their credit cards. It’s an issue that is difficult to detect until it is too late and hard to understand the impact of until experienced firsthand. According to the FTC, the recovery process can [...]
Continue reading...Watch Out For The Prepayment Penalty
Wednesday, August 19, 2009
What is a prepayment penalty and why is it incurred? A mortgage prepayment penalty is the means by which a lender can charge more interest when a mortgage is paid during the penalty period. The idea seems ludicrous, but the reason why lenders impose prepayment penalties is because if a homeowner pays off a mortgage in [...]
Continue reading...Credit Card Types
Monday, August 17, 2009
Along with the traditional credit cards, there are other types of credit cards that are widely used. Here are some of the more popular ones. Reward Programs - There are some credit card companies that offer rewards as an incentive to use their card. For example, every purchase made with Amazon.com yields points. When you reach [...]
Continue reading...Five Great Reasons To Refinance Before It Is Too Late
Monday, August 17, 2009
The Federal Reserve has lowered its interest rates several times during this current economic crisis. As a result, mortgage interest rates have begun to fall and hundreds of thousands of homeowners have sought refinancing for a variety of reasons. Besides being afforded the opportunity to save money (which is critical during this recession), here are five [...]
Continue reading...Which Savings Account Is the Right One for Me?
Monday, August 3, 2009
There are several types of savings accounts that anyone can open at their local bank. Let’s take a look at four of them. 1. The first is a regular passbook savings account. The bank may require an initial deposit in order to open the account. However, you can deposit and withdraw money at any time, as [...]
Continue reading...When Is It a Good Time to Refinance?
Wednesday, July 29, 2009
Generally speaking, it may be a good time to consider refinancing your home when you can obtain an interest rate that is at least 2% lower than your current mortgage interest rate. However, there are other considerations that come into play. With the current economic recession brought about by the sub-prime mortgage crisis, home values have [...]
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Wednesday, February 3, 2010
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