Getting ready to purchase a home? Buying a house is likely the biggest purchase you’ll make during your lifetime. It’s also one of the most complicated ones. Your realtor or mortgage consultant will probably use terminology that may sound like a foreign language. Understanding those terms will not only give you peace of mind, but can help you save you money on your big purchase. Continue reading “Understanding Mortgages”
As the holiday season nears, shoppers will want to think about gift buying. On a limited budget, it can be agonizing to stretch your money yet still give something meaningful. Do you cross someone off the list? Overspend so no one gets left out? Here are a few tips on how to spread cheer without going into the red.
Credit Basics – What it is, why it’s so important
As a college student, you have probably received offers for credit cards. If you have graduated, the number of credit card offers has probably continued, if not increased. Exactly what is credit and why is it important? In this section you will find out the answers to these questions:
What exactly is credit?
What are the benefits of credit?
What is the difference between a credit and a debit card?
What is good credit?
How is credit established?
How can good credit be maintained?
You are entitled to one free credit report from each of the three credit reporting agencies each year. You can do this by visiting www.annualcreditreport.com. This is the only authorized free credit report service. All others are impostors. Although you can request all three reports at the same time, you can monitor your credit more frequently by spacing the reports throughout the year. Additionally, if you are turned down for credit, insurance, or employment, you are eligible for an additional free report from the agency they consulted. To request this report, contact the appropriate agency within 60 days. Continue reading “Credit Report Basics”
Saving for retirement seems like a long way off. But the truth of the matter is, you will retire one day and you will have to provide for yourself and possibly others. The more you prepare and start to save, the better off you will be. If you start young, you could even have million dollars saved up by the time you retire. It can be confusing to get started, and a new survey from Charles Schwab shows that you are not alone in your confusion.