Interest only mortgage is not as popular as repayment mortgage. Some people may not even be aware that interest only mortgage exists. For the purpose of those who may not be familiar with the term, I will like to quickly explain what it means. When you take a mortgage loan, ordinarily, the loan will have
Uninsured and Underinsured Motorist Coverage is a common term in the insurance industry. If you are a driver or would-be driver, you need to understand this auto insurance policy and what it covers. Understanding the term will help you determine whether you need the coverage in the first instance or not. It is not enough
You may have to consider credit card debt consolidation if you are being encumbered with the problem of having to pay different credit card debts every month. It is not a gainsaying that the interest rates on credit cards are very high when compared with personal loans or mortgage loans. Managing different credit cards, especially
Credit card debt may not be a sin on its own, but when it is getting beyond a reasonable level, you may be heading for a financial crisis. I just checked US Debt Clock recently, I realized that the US credit card debts figure is now above $1 trillion. This is alarming! If I may
How much does wedding expenses cost? It all depends on your location and the budget you set for yourself. Wedding is one of the important celebrations that one will have in his/her life time. For this reason, many people like to make the event a “wow” type. While there may be nothing wrong with that
No fault insurance is the auto insurance that cover you and your passengers’ medical bills, lost earnings, and certain other out-of pocket damages after a car accident regardless of who is at fault. No-fault insurance is the same as personal injury protection insurance (PIP). Unlike comprehensive, collision and liability which require that the insurance company
Online stock trading allows investors to buy and sell stocks of choice on their own. This is a departure from the traditional approach whereby investors need to visit stockbroker’s office and register with them. The stockbroker on the other hand would then help the investor to place order based on his professional advice or client’s
With checking account, customers can easily access their funds in their bank account with the use of personal checks, debit cards or online platform. This means that you don’t need to carry cash around in order to carry out transactions. If you operate a checking account, your money in the account is insured up to
Are you planning to take a loan? People take loans for different reasons or purposes. And there are different types of loans to meet the demands of the teeming borrowers. There are auto loans, personal loans, mortgage loans, payday loans, student loans and business loans. Just to mention but few. The duration of loans may
Cases of identity theft are on the rise every year. There is need for you to protect your personal information so as not to give any impostor opportunity to use your personal information without your consent to commit a crime whether financial or otherwise. With proliferation of information especially on social media and through unguarded
