Dividend Reinvestment Plan – DRIP

June 30, 2024 No Comments

Loading the player… What is a ‘Dividend Reinvestment Plan – DRIP’ A dividend reinvestment plan (DRIP) is a plan is offered by a corporation that allows investors to reinvest their cash dividends into additional shares or fractional shares of the underlying stock on the dividend payment

Dividend Reinvestment Plan – DRIP

July 7, 2024 No Comments

Do balance transfers hurt your credit?

June 30, 2024 No Comments

A: Transferring a credit card balance can hurt your credit score in the short term, but the extent to which transferring balances hurts your credit score depends on the amount of the balance that you transfer and the new card’s credit limit. In the long

Do balance transfers hurt your credit?

July 7, 2024 No Comments

Do certificates of deposit help build credit?

June 30, 2024 No Comments

A: A certificate of deposit (CD) is a financial product that is similar to a typical savings account, and is offered by banks, credit unions and other financial institutions. The Federal Deposit Insurance Corp. (FDIC) and the National Credit Union Association (NCUA) are organizations that

Do certificates of deposit help build credit?

July 7, 2024 No Comments

Do checking accounts have beneficiaries?

June 30, 2024 No Comments

A: Banks do not require checking account holders to name beneficiaries to the accounts. If a person wants to name a beneficiary of his checking account in the event of his death, he lets the bank know the person’s name. The bank then converts the

Do checking accounts have beneficiaries?

July 7, 2024 No Comments

Do FHA Loans Have Prepayment Penalties?

June 30, 2024 No Comments

A: Unlike subprime mortgages issued by some conventional commercial lenders, Federal Housing Administration (FHA) loans do not have prepayment penalties. Rules governing FHA loans state that these type of mortgages cannot contain any unnecessary fees, such as a due-on-sale clause or prepayment penalty, that may

Do FHA Loans Have Prepayment Penalties?

July 7, 2024 No Comments

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