Borrowing Basics

Rising loan rates and inflation have taken a financial toll on households nationwide. Fortunately, it’s not all bad news. You may have noticed that savings rates have also been climbing steadily in recent months. This scenario creates the perfect opportunity to earn greater returns through share certificates.  Share certificate accounts, commonly called certificates of deposit, are found in portfolios among investors of all ages because of their earning potential and limited risk. As yields continue their upward trend, now might be the perfect time to put share certificate accounts to work for you.  Benefits of Share Certificates   Share certificates have…

Between the twinkling lights, cheerful music, delicious food, and endless laughs with family and friends, the holiday season is the merriest time of the year. But those ear-to-ear smiles don’t always come cheap. From travel and entertaining to gifts and decorations, the holidays can get pricey. Add in rising inflation and higher prices, and many are beginning to stress about the upcoming celebrations.   Before you pull out your credit card and start swiping, there’s another option to help pad your holiday budget. Often overlooked, a holiday loan is one of the best ways to cover higher costs. It comes packed…

Greetings, all you savvy sorcerers of savings! This Halloween, we’re delving into the mystical realm of financial wisdom. Just like a skilled witch wards off curses, you can shield yourself from debt spells with our magical tips. 🧙‍♀️✨  🌟 1. Potion of Responsible Credit Card Usage 🌟   Brew up a potion of knowledge and use your credit cards wisely. Keep balances low and pay them off on time to avoid falling into the grasp of high-interest debt goblins. Remember, credit cards are tools, not magic wands! 💳🔮  🌟 2. Enchanting Emergency Fund 🌟   Craft an enchanting emergency fund to protect…

As a homeowner, you possess a unique financial advantage – the ability to build and utilize the equity in your property. Home equity loans offer an affordable means to finance a wide range of expenses, including home renovations, weddings, and higher education.   Nevertheless, some homeowners are hesitant to access their home’s equity. Often, people are unsure how these loans work and their potential benefits. Others aren’t positive whether a home equity loan is the best solution for their financial needs.   Before highlighting the best ways to use home equity loans, it’s helpful to begin with the basics.  What is a…

Whenever you watch the news or read the latest headlines, someone claims that homeownership is no longer attainable due to rising interest rates. But is it true? Or is it just another thing to hype in the day’s news cycle?  While interest rates are rising because of inflation, homeownership is still achievable today. Not only that, but interest rates remain historically low and affordable. The distaste for the real estate market today stems from a decade of extremely low rates – set off by the housing crisis that began in 2007. To understand what is happening in the current market,…

Do you ever feel trapped by your finances? Maybe you have several big projects, like your home needs new flooring or your AC is on its last legs. Perhaps you opened your mailbox to find unexpected medical bills. All these projects and expenses can add up quickly, especially when they hit at once.   Luckily, if you’re a homeowner, you have a unique and powerful way to manage these costs without draining your savings. A home equity loan allows you to affordably borrow against the equity in your property – providing a slew of financial perks that shouldn’t be ignored.  What…