Mortgages

Get the most out of banking, personal loan, and mortgages by understanding the basics of cards, accounts, and fees.

Choosing the type of mortgage loan for you

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A government-issued loan is a loan that is backed by a federal agency. The lender is protected if the buyer is unable to repay the loan. Government-issued loans also make it easier for homebuyers to qualify for a mortgage because they have more lenient requirements, including a lower down payment. …

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Inexpensive alternatives for payday loans

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Here are 10 payday loan alternatives to keep in mind if you’re short on cash. 1. Try an alternative payday loan Some credit unions offer alternative payday loans, or PALs, which are loans designed to provide a lower-cost alternative to payday loans. You can borrow up to with this option …

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How to Consolidate Debt | chime

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The great thing about debt consolidation is that you have more than one way to do it. The two main routes to debt consolidation are: Transfer a balance to a credit card with an APR of 0%. Combining balances with a debt consolidation loan. In addition to the above options, …

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How to make a mobile check deposit

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Wondering how to deposit a check online? If youam new to mobile check deposits, it’s not as difficult as you might think. Take a look at these 5 tips that can help you get the most out of this feature — and save valuable time. 1. Check your bank’s policy …

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What is a cash advance?

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A cash advance works like a short-term cash advance designed to cover unexpected expenses or emergencies. Cash advances usually come with high interest rates and fees. There are 4 main types of cash advances – credit card cash advances, payday loans, installment loans and merchant cash advances. All of these …

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How to get a bad credit loan

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Knowing what to expect when applying for a bad credit personal loan makes the process that much smoother. Luckily, the process is similar to getting a personal loan with an excellent credit rating. Here are five steps you need to follow. 1. Check your credit history and reports You may …

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How to use a cardless ATM

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Cardless ATMs rely on various types of technology to verify your identity and provide access to your bank accounts. Here are some ways cardless ATMs connect your information to the ATM: Near Field Communication (NFC) Near Field Communication allows 2 electronic devices in close proximity to communicate with each other …

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Understanding Accrued Interest | chime

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Accrued interest is the amount of unpaid interest on a loan, bond or other financial product. You can make money on accrued interest when it comes to bonds, investments, and savings accounts. Similar to regular interest, you can think of it as the price a financial institution pays you to …

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Cashier’s Check vs. Money Order

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money orders are essentially the same as bank checks – they are a secure way to send money to someone else. However, while bank checks are backed by a bank, money orders are not. Money orders can be purchased from various places such as: B. US Postal Service (USPS) offices, …

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What is an expense ratio?

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The expense ratios can vary depending on the investment vehicle selected. One of the most important factors affecting a fund’s expense ratio is whether it is managed actively or passively. An actively managed fund has a fund manager who routinely buys and sells assets to beat the stock market. A …

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