Posts Tagged ‘interest’

A bad credit score can cost you: you’ve probably heard it before. But did you know that poor credit could literally cost you money? Here’s how: High interest If your credit isn’t that great, you might still get approved for loans and credit cards, but at a much higher cost. People with bad credit usually […]

  While there are some advantages to consider when it comes to keeping your credit cards, there are also some advantages to consider when it comes to closing them all out, too. Some of these benefits include: No financing charges Even without debt problems or poor spending habits, it’s important to remember that credit cards […]

There are a lot of benefits to keeping your credit card accounts active. With responsible use, they can be a good way to build up your credit, which is necessary in order to qualify for larger loans (such as a mortgage). They can make it easier and more convenient to shop online, and they’re arguably […]

Student loan debt can take several years to pay off, especially for the average borrower who has approximately $26,000 in debt. It’s not unusual for college graduates to carry that student debt well into their 40s. It can be financially draining to have this much debt hanging over your head for so many years, but […]

  Sometimes, all it takes are some small changes and simple adjustments to save some extra money. Whether you have a big goal that you want to save more towards, or you’re just looking for some ways to build your emergency fund faster, the following are some easy ways you can save more: Lower your […]

Your monthly mortgage payment is based on a lot of different factors. Some of these things include the cost of the home, how much you’re borrowing, how big your down payment is, the terms of your mortgage (including your interest rate), and the county you’re buying a home in. Understanding the different fees that make […]

Paying off your mortgage early and being done with those payments seems like a great plan—after all, who wouldn’t want to own their home free and clear? But before you decide to make such a huge decision, consider both the pros and cons of paying off your mortgage early: Advantages Save on interest One of […]