Skyrocketing property values during the pandemic have left U.S. homeowners with historically high levels of home equity. Last year, the average homeowner had $300,000 in tappable equity, according to data from CoreLogic.
Last Spring, my wife and I finally made the switch from renting to actually owning our first home. We moved ourselves, our two young children, and our cat into our new home and promptly discovered [...]
In June 1952, what’s now $19 million Faith Community United Credit Union formed as Second Mt. Sinai Baptist Church Credit Union to serve the members of the Cleveland-based church by the same name. Later, [...]
In this era of uncertainty, 77% of Americans recently reported feeling anxious about their financial situation. Many account holders rely on their Financial Institution (FIs) as trusted advisors, and want them to proactively identify gaps [...]
Private mortgage insurance (PMI) is insurance for your mortgage holder or lender, not for you, the homebuyer. PMI protects your lender in case you are unable to make payments on your mortgage and default on [...]
It’s no secret that financial anxiety is on the rise, especially for younger generations like millennials and Gen Z. While financial anxiety can stem from many factors, such as the aftermath of the pandemic, [...]
January marked 12 consecutive months of declining existing home sales as sales fell 0.7 percent during the month to a seasonally adjusted annual rate of 4 million units, representing a 38.4 percent decrease [...]
Your credit score is a big part of whether or not you can get any credit, like a personal loan, a mortgage, or a credit card. A higher credit score helps to save money by [...]
When it comes to managing your finances, it's not hard to fall into certain traps that can have big consequences. Here are three common mistakes you can make with your finances and how to avoid [...]
In this era of uncertainty, 77% of Americans recently reported feeling anxious about their financial situation. Many members rely on their credit union as trusted advisors; proactively build on that relationship to identify gaps in [...]
Think your investments will carry you through retirement? New research says that’s not the reality for the majority of workers in their pre-retirement years.
In a recent survey of Americans aged 40 to 85 [...]
When you stop to think about it, saving for short-term financial goals and medium-term financial goals isn’t that hard. All you need to do is regularly set money aside until you have enough saved [...]
Love is a beautiful thing, but unfortunately, it can also make us vulnerable to those who seek to take advantage of our emotions. Sweetheart scams, also known as romance scams, have become all too common [...]
Total consumer credit rose 2.9 percent at a seasonally adjusted, annualized rate in December and is up 7.8 percent compared to a year ago. Revolving credit – primarily credit cards – rose 7.3 percent [...]
Ask any financial expert what you have to do to control personal finances, and they’ll tell you the first step is creating a budget. For that matter, they’ll probably tell you that creating [...]