Banking
Mortgage Rates Drop After Fed Cut
The Fed cut the fed funds rate at the end of October. The rate was dropped from 1.5% to 1%. This is the lowest the rate has been since 2003. Following the cut we saw drops in all the major mortgage products. The 30 year dropped from 6.46 to 6.2. The larg [read more...]
Accounts For Online Banking
People are enjoying new freedoms since they began internet banking from the comforts of home. The checking accounts that are established through online banking facilities are now earning interest everyday and people did not have to ask for that service. People [read more...]
Careful Management is Key to Keeping Credit in Good Standing
Credit is a way of life in America. It allows consumers to make improvements on their home, purchase goods, and establish a credit history - a necessity for securing credit in the future. But for those who have chosen to “play now and pay later,” a [read more...]
The Decision Making Process When Choosing A Savings Account
When choosing a savings account there are wide number of factors to consider, not least the vast array of saving options on offer in different banks, fundamentally it is important to consider how much money will be placed into the account and frequency of inve [read more...]
Banking for Today: Live Within Your Means and Build Savings
While the concept of living within in your means may seem pretty straightforward, actually learning to spend less than what you make can be a challenge. Even in light of recent financial turmoil, many Americans today are making solid incomes and yet have less [read more...]
Banking From Home: Online Banking is Secure and Convenient
With approximately 63 million Americans banking online, according to a recent study, it’s getting harder to remember what life was like before it. As online banking gains widespread acceptance, more banks are offering web-based products and services to e [read more...]
Federal Deposit Insurance: Confidence You Can Bank On
Whether selecting a traditional or online bank, it’s always wise to ensure that deposits are federally insured. Established in 1933, the Federal Deposit Insurance Corporation is an independent agency whose main goal is to promote confidence and stability [read more...]
Types Of Savings Account On The Market
For those lucky enough to have a surplus in their finances each month it makes sense to open up a savings account and make this additional revenue work for you. If you have money sitting in your current account it will generate little or no interest, subsequen [read more...]
Buying Bank Foreclosures - How To Guide
Bank foreclosures are homes or properties that are owned by various banks, mortgage companies and other lenders. These lenders own the property as a result of foreclosure actions. When the previous owners of the home or property fell into default of their mort [read more...]
Important Facts About Foreclosure
A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings.
The deed in li [read more...]
