When to Consider a Second Mortgage

As your largest asset, your home carries a lot of weight in terms of your current financial health and your future financial goals. Using your home as collateral, you can acquire a second mortgage to rectify money troubles or ...

Student Loan Forgiveness

Student loans can be a difficult financial burden to bear, especially for those living paycheck to paycheck. In addition to paying back the principle, keeping up with the interest can be a challenging feat. Student loan forgiveness ...

What is a Fiduciary?

When you are making arrangements to ensure complete financial security for yourself and for your family, you might happen across the idea of obtaining a fiduciary. The duties of a fiduciary are imperative to ensure that your money ...

Home Equity Line of Credit vs. Home Equity Loan

If you’re in need of funds for home repairs, renovations, or paying down high-interest debt, you may have considered a home equity loan or a home equity line of credit. While both of these financial options allow you to borrow ...

When Should You set up a Child’s Savings Account?

It’s never too early to start saving money, which is why a growing number of parents are opening savings accounts for their children. Doing so can help establish a brighter financial future for your child. Dave Sieminski of ...

Should You Refinance Your Loan?

In some ways, refinancing your current loan for a new loan can feel like trading apples for slightly different apples. You still have a monthly payment and long-term financial responsibilities, but refinancing has the potential ...

What Is a Money Market Account?

A money market account is an account that typically comes with a higher interest rate than other savings accounts. If investing in stocks and bonds is not something that appeals to you, but you would still like to make your money ...

Should You Sell or Trade In Your Car?

When the time comes, you can either sell your current car or trade it in during the process of getting a new vehicle. Either of these methods can be beneficial, depending on your desired outcome. Consider the pros and cons for ...

Should You Get a Construction Loan or a Home Equity Line of Credit?

It’s always been your dream not to simply buy a home for retirement, but to build one from the ground up that is perfectly suited to your vision for how you want to spend your twilight years. To achieve this dream, two of the ...

The Basics of Successful Budgeting

If you’re clueless about where your money goes each month, you cannot create a financially stable present let alone plan for a healthily funded future. The following budgeting basics will help you garner a more complete picture ...