3 Tips to Refinance a Mobile Home Loan

June 30, 2024 No Comments

A: There are only three reasons that a borrower should want to refinance a mobile home loan: to obtain a lower monthly payment, to obtain a shorter term on the loan, or to cash out or consolidate debt on the mobile home. A borrower should

3 Tips to Refinance a Mobile Home Loan

July 7, 2024 No Comments

Advantages and disadvantages to dealing with internet-only banks

July 7, 2024 No Comments

A: In recent years, large companies have set up internet-only banks as a means of diversifying into the financial sector and providing personal banking services. For a company, the greatest advantage of providing internet-only banking services compared to a traditional brick and mortar bank is

Advantages and disadvantages to dealing with internet-only banks

June 30, 2024 No Comments

Are all mortgage backed securities (MBS) also collateralized debt obligations (CDO)?

June 30, 2024 No Comments

A: Mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) are different concepts with frequent overlap between them. MBS are investments that are repackaged by small regional banks as a means of funding mortgages by reselling them as securities through investment markets. CDO investments are typically

Are all mortgage backed securities (MBS) also collateralized debt obligations (CDO)?

July 7, 2024 No Comments

Are balance transfers worth it?

June 30, 2024 No Comments

A: When it comes to credit card debt, balance transfers are worth it if one measure is met: If the balance being transferred has an annual percentage rate (APR) that is lower than its current APR. This is interest rate that is charged on the

Are balance transfers worth it?

July 7, 2024 No Comments

Are direct consolidation loans subsidized?

June 30, 2024 No Comments

A: When college students leave school, they can borrow a Direct Consolidation Loan to combine various federal student loans taken out while in school into one loan and make one low monthly payment. Direct Consolidation Loans are not subsidized, meaning the government does not pay

Are direct consolidation loans subsidized?

July 7, 2024 No Comments

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