When financing a home, there are two major types of mortgage financing, a fixed rate mortgage and an adjustable rate mortgage (ARM). A fixed rate mortgage is a loan in which the interest rate does not change during the term. Conversely, with an adjustable rate mortgage, the interest rate is periodically adjusted during [...]
I’ve been an American Express customer for nearly 10 years. No, “customer” isn’t quite the right word – I’ve been more of an American Express “evangelist.” I use my AMEX exclusively. I shy away from businesses that don’t accept American Express. I am always telling my friends about the benefits of [...]
Ever wonder how may bank customers actually pay overdraft fees? According to The Consumerist and the Financial Times, 10% of bank customers pay a whopping 90% of the overdraft fees.
The most cash-strapped customers are the hardest hit by such fees, with 90 per cent of overdraft revenues coming from 10 per cent [...]
Reports have retailer Sharper Image, currently undergoing a bankruptcy, is refusing to honor gift cards both in both its retail stores and online.
If you really needed another reason to stay far, far away from these ripoff gift cards, this is it.
So let’s sum up just a few reasons to not use gift cards:
Limited [...]
What’s in a credit score? Good question.
A FICO credit score is a single number that, in theory, quantifies your creditworthiness. In practice, however, it doesn’t always work out like that. Comprised of factors such as length of credit history, number of open accounts, and ratio of debt-to-credit available, credit scoring [...]
Looking to move on up?
If so, you’ve better have a lot of case on hand. According to Forbes magazine, the median price tag of a home in the most expensive zip code in the US (94027, (Atherton, CA) tops $2 million dollars. You read that right, that’s the median home price.
If you don’t [...]
Looking to make a career change so you can start making the big bucks?
Are you a college student trying to pick a major?
Are you just plain nosey about how much money your neighbor really makes?
Whichever it is, you can never have too much information. Below is a chart [...]
Q: What does it mean to be “upside down” on a loan? I keep hearing this term on talk radio shows. (Like Dave Ramsey.)
A: Usually used in the context of car loans, the term “upside down” means that the car is worth far less than the amount of money owed on the [...]
Question: Hi, I was wondering if there is any advantage to putting money into a CD versus a regular savings account (like Emigrant Direct or ING) if the rates are same or very close.
On the one hand, a savings account is more liquid than a CD. On the other, a CD [...]
Question: Hi, I was wondering if there is any advantage to putting money into a CD versus a regular savings account (like Emigrant Direct or ING) if the rates are same or very close.
On the one hand, a savings account is more liquid than a CD. On the other, a CD [...]
