Banking

Conventional Lending vs Government Lending

December 14, 2011

When it comes to purchasing a home, nothing it more overwhelming than trying to secure financing. With so many programs, both conventional and government-backed, available choosing the right program is often difficult and even confusing. Government backed programs make securing home buying easier, but conventional home loans seem to offer the better overall value. So [...]

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Prosper Peer-To-Peer Lending and Borrowing Review

October 31, 2011

Prosper is a personal lending service which connects borrowers with lenders. These days, now that more banks make it harder for people who need to borrow money tougher with stricter rules and guidelines, peer-to-peer lending services such as Prosper come in handy. It basically serves two purposes. Prosper caters to lenders who can receive an [...]

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Debit Cards Not Free Anymore

October 3, 2011

Bank of America said they will start charging for their debit card services. Banks until now had the option of making many of the banking services free to their customers. However, with the economy taking a huge toll on the financial sector the past few years, banks are desperately trying to make some changes in [...]

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Use Online Savings Accounts To Store Money During Economic Downturn

August 24, 2011

If you have money in the stock market, then you probably already know that you haven’t been doing very well. This year, the S&P 500 is down about 8-10% and about 15% in the past few weeks. Historically, it gave returns of about 10% annually over the past several decades. Whether it’s your 401k or [...]

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3 Financial Mistakes Made By Newlywed Couples

July 25, 2011

It’s currently the heart of wedding season and it’s evident by the number of friends who are scheduled to become married soon. Studies show that about 41% of the weddings occur during the months of June, July, and August, while only 6% occur in December through February. As my engaged friends prepare for their wedding [...]