Interest rate hike first in 2017 – Good news for saving accounts

Savers can earn more money if the trend of rise in FED interest rate continues

The expected interest rate hike took place on 15th of March 2017. Let’s not forget that there are expectations for an additional increase in Federal Fund rate by the end of 2017. A total of three interest rates hikes is expected for this year. Increase in interest rate is showing

Loan amortization defined

Understanding a loan amortization is important before taking out a loan

The need for a loan is imposing the need for you to understand different aspects associated with any loan. There are things such as interest rate, collateral, cosigner, repayment period, monthly payments, early repayment, etc. stated in the agreement. How many of these items in your loan agreement do you

Refinancing a loan – things you should know

There are few things you should know before refinancing

The last couple of years are marked with an increased interest in loan, especially mortgage refinancing. This activity is primarily due to the decrease in loan interest rates. Having the opportunity to lower the mortgage interest rate, homeowners rushed into refinancing their original mortgage. This is so because original mortgage

Rent to own home – benefits and pitfalls

Get acquainted with the pros and cons of rent to own

            The firs time home buyer can be faced with numerous obstacles when trying to buy a home for the first time. The obstacles can be in the form of low credit score or no credit score, lack of funds for the down payment, inability to qualify for mortgage, etc.

Different types of credit

You have different types of credit available for you

Credit represent an agreement between the borrower and the lender. The borrower is given certain value, with the obligation to repay the same later on. Most forms of credit bear interest, and you are charged accordingly. There are different types of credit offered by banks and other lenders. The credit

How to improve credit score – 11 ways to do it?

Improving your credit score is important in the long

Credit rating is (or will be) an important part of your finance related activities. More precisely, it plays an important role when you want to be approved for a loan, especially a larger amount of loan such as the mortgage. Thus, not paying attention to your credit rating can have

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