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Credit Union Vs. Bank Mortgage: Which Should You Choose?

You’ve saved up your money, you found the perfect house, and you’re ready to buy. Now you just need a mortgage. Commercial banks may be the obvious choice, but they aren’t the only option for your mortgage. Mortgage brokers, online mortgage lenders, and credit unions also originate mortgage loans. Credit unions and other non-banks are… Read More

The post Credit Union Vs. Bank Mortgage: Which Should You Choose? appeared first on Credit.com.

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Consumer Spending Habits Are Changing — What to Know

The COVID-19 pandemic has been the biggest overnight financial shakeup in our country’s history. Its effects will be felt for years into the future, if not permanently. On the economic front, it’s caused a huge change in consumer spending, largely due to how people’s income and living/working patterns have shifted.  How Income Is Changing According […]

The post Consumer Spending Habits Are Changing — What to Know appeared first on Good Financial Cents®.

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Effective tax rates in the United States

I messed up! Despite trying to make this article as fact-based as possible, I botched it. I’ve made corrections but if you read the comments, early responses may be confusing in light of my changes.

For the most part, the world of personal finance is calm and collected. There’s not a lot of bickering. Writers (and readers) agree on most concepts and most solutions. And when we do disagree, it’s generally because we’re coming from different places.

Take getting out of debt, for instance. This is one of those topics where people do disagree — but they disagree politely.

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A Guide to Coinsurance and Copays

Having health insurance makes it possible to receive medical care while only paying a fraction of that care’s true cost. Insurance doesn’t cover everything, however. Some of the cost of your care is still up to you to pay, and … Continue reading →

The post A Guide to Coinsurance and Copays appeared first on SmartAsset Blog.

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How to Host Friendsgiving on a Budget

Thanksgiving is about spending time with family – both the family you were born with and the family you’ve chosen. That’s why Friendsgiving celebrations have become more popular in recent years. They give adults a chance to sit down and…

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The post How to Host Friendsgiving on a Budget appeared first on MintLife Blog.

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How to Get Approved for Credit in a Financial Downturn

In a recession it’s common for many people to rely on credit cards and loans to balance their finances. It’s the ultimate catch-22 since, during a recession, these financial products can be even harder to qualify for. This holds true, according to historical data from the Federal Reserve Bank of St. Louis. It found that […]

The post How to Get Approved for Credit in a Financial Downturn appeared first on Good Financial Cents®.

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4 credit cards offering a $500 sign-up bonus

Cash back cards are offering higher and higher bonuses to compete with other rewards currencies – even up to $500 or more.

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Mortgage Rates vs. Fed Announcements

File this one under “no correlation,” despite a flood of news articles claiming the Fed’s rate cut directly impacts mortgage rates. Today, the Fed cut the federal funds rate by half a percentage point to a range of 1-1.25% due to the uncertainty surrounding the coronavirus, this despite a strong U.S. economy. That sent mortgage [&hellip

The post Mortgage Rates vs. Fed Announcements first appeared on The Truth About Mortgage.