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What is a Reverse Mortgage?

Posted in: Homeownership

A reverse mortgage, otherwise known as a Home Equity Conversion Mortgage, (HECM) is a loan, using your home as collateral, and where payments on the loan are not required monthly or at all. Instead the loan becomes due and payable only after the last homeowner either dies, sells the home or stops living in the home for 12 consec...


How to Save on Your Summer Vacation

Posted in: Money Management

Are you gearing up for a summer vacation? Whether your goal is to beat the heat or dive right in, your summer getaway doesn’t have to burn up your budget. With some careful planning and research, you can have a memorable vacation, and still have cash left over. Here are seven tips to help you make it happen: Do Your Resear...


Housing Crisis Programs

Posted in: Homeownership

The home-mortgage crisis in the United States has spawned problems in the mortgage, real-estate and banking industries, and many consumers now face mortgage-payment increases in the coming months that could cause the number of foreclosures to climb even higher. Here are two valuable resources for consumers in need of help with t...


Getting Your Vehicle in Gear

Posted in: Money Management

Automobiles are intertwined with American culture. For teens, they’re a symbol of freedom and maturity. As we grow, they often become our primary modes of transportation for work, school, practice and pleasure. For most families, transportation represents their second largest expense category, behind housing. That’s why i...


How to Spot Online Job Scams

When you’re looking for work, it can be tempting to respond to every offer or opportunity. Unfortunately, scam artists take advantage of this vulnerable time in people’s lives by stealing personal information through bogus job offers, fake website applications and fake job postings. To help you better interpret employment...


Financial Resolutions for the New Year

Posted in: Money Management

The New Year puts us in the mindset to reorganize, plan and set goals – an ideal time to get your finances in order. No matter your income level, we’ve provided three financial resolutions that will benefit you all year long: Create a Monthly Budget – A budget is a document that measures all of the money that comes ...


Take an Interest in Your Interest

Would you spend $20 on a soda or $100 on a T-shirt? Probably not, especially if the cashier is only ringing up a few bucks. However, when using a credit card to make purchases, the price tag only represents a portion of the total purchase. You also need to factor interest into the equation – and in many cases – it can be qui...


Internet Banking: Is it a Good Deal?

Posted in: Money Management

Banks and other depository institutions by the busload are going online with their services. Not long ago the federal banking agencies estimated that more than 3500 depository institutions have active web sites. Most of these sites are informational only. They tell you what services the bank offers, where its facilities are l...


Protect Yourself Against Identity Theft

The FTC estimates that as many as 9 million Americans have their identities stolen each year. This is often done to commit fraud, theft or other crimes. It can destroy a person’s credit and ruin their good name. It can also cost a lot of time and money to fix. Skilled identity thieves may use a variety of methods to get hol...