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Working with a Lender

Working with Your Mortgage Lender Investing is like life – nothing ventured, nothing gained. And, purchasing a home may be the largest investment you ever make. Most lenders require you to complete a mortgage application—a comprehensive financial statement, which can feel overwhelming and complicated. But with the right lender, you’ll be able to easily navigate the necessary steps it takes …

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What is a Certificate Account?

How do Term Share Certificates Work?A Term Share Certificate allows you to earn high interest rates by agreeing to leave money in a credit union for a specified amount of time. Term Share Certificates are the credit union equivalent of a bank’s Certificate of Deposit, or CD. Like CDs, these certificates require you to invest funds for a specific period …

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Understanding The Benefits Of Interest

The Benefits of Interest Interest plays a role in almost all aspects of personal finance — including savings, investing, credit, and loans. Simply Put: Interest is the money earned or paid when someone makes or receives a loan. You can be paid interest for keeping money in a bank account, purchasing a bond, or making other investments. You can also …

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Teaching Your Children About Money

Teaching Children About MoneyWhether to your children, grandchildren, nieces and nephews, or the children of close friends, one of the most important things you can teach is how to manage money and invest for the future. The Three-Jar Allowance To learn how to manage money, children need some money to manage. Typically this money comes from from an allowance or …

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50/30/20 Rule

50/30/20 Rule The 50/30/20 rule is a practical rule of thumb for individuals who want a budget that is easy, yet effective, to implement. It offers guidelines for enjoying your income while putting savings on autopilot. Humans are fallible—sometimes we just need guidelines. If you struggle making sense of a sea of budgeting systems and mobile apps, consider the 50/30/20 …

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Transitioning to Retirement

Transitioning to RetirementThinking about retirement? Wondering if that’s something you can do? You may be mentally or emotionally ready but are you ready financially? If you have a pension or you’ve participated in a retirement savings plan where you work, and income from that source is a mainstay of your budget, the ideal solution is having your first retirement payment …