On the surface, checking accounts may appear similar across the board; however, that’s rarely the case. There are many aspects of checking accounts that vary considerably – especially between big banks and credit unions. Primarily this comes down to how and why these institutions operate, which can ultimately affect how much you pay for the account.
Tampa Postal FCU
Recently, you may have noticed increased chatter about refinancing your mortgage or buying a new home. But what is all the hype about, and why now?
As the COVID-19 pandemic continues and variants unfold, both current homeowners and prospective buyers are benefiting from some of the lowest mortgage rates in our country’s history. From lower monthly payments to more buying power, record-low mortgage rates translate to huge savings for homeowners.
Whether you’re purchasing your first car or your seventh, buying a new vehicle is exciting. From the model, features, and color, you have many important decisions to make. However, that excitement can wane the minute you start talking about finances.
Retirement is an aspiration we all hope to reach – sooner rather than later! However, if you’re just starting your career journey, retirement can seem like a lifetime away. For others, it’s right around the corner, and you may be wondering if you’re genuinely prepared, financially speaking.
It’s usually not until you attempt to get a loan that you realize just how valuable a great credit score can be. Lenders typically price loans based on your creditworthiness. Lower credit scores lead to higher interest rates.
You may feel lenders are punishing you, but the reality is that financial institutions are trying to protect themselves from potential losses. A credit score provides a bird’s-eye view of your money management abilities. If you struggle to manage your money or make payments on time, lenders will perceive you as a higher risk.