For many years, people had little choice when applying for a loan, but to go for a traditional conforming loan, and with stringent requirements, many borrowers simply failed to meet the lender’s requirements. Non-conforming loans are loans that are offered by non-traditional lenders, such as finance houses, and for many borrowers, a non-conforming loan is a much better … [Read more...]
University Cost Comparison – North vs South
Newcastle upon Tyne, in the North East of England, has an estimated population of 300,000 people. The city, or the ‘Toon’ as it is referred to locally, is synonymous with culture, a welcoming atmosphere, and, unfortunately, rather poor weather. As of 2017, the two universities in the city, Newcastle University, and Northumbria University, boasted 23,000 and 26,000 students … [Read more...]
Creating Long-Lasting and Healthy Financial Habits
Money is an old form of energy that is continuously moving throughout the world. With changes in marketplace technology, it hardly exchanged hands anymore. If you are old enough, you may remember receiving a paper check on Fridays. Nowadays, individuals are waiting for employers to send a week’s pay through services like Zelle. More tech-savvy citizens are buying or selling … [Read more...]
Save Money on Your Homeowners Insurance
If you own a home, you have homeowners insurance. It's illegal not to. It's also a really bad idea to not have it. If something happens to your home due to theft, vandalism, or weather, homeowners insurance will ensure you get your home back to where it should be without racking up a mountain of debt. You should consider the monthly cost to be just part of your mortgage … [Read more...]
Tips for Preparing for a Divorce
Divorce is never an easy process, but being prepared and having a plan can help make it less difficult. Below are some of the steps you may want to take even before you have a serious conversation with your spouse about divorcing. Get Paperwork Together From a legal standpoint, marriage is largely a financial arrangement, and in a divorce, those finances must be … [Read more...]
Online Ideas for Boosting Your Retirement Savings
If you are doing your best to put some money away each month for your future retirement, then naturally, you want to be able to maximize how much that fund will be worth to you when the time comes to use it. Some people choose things like high-interest savings accounts or managed investment portfolios, and these are generally good options. However, if you like the idea of … [Read more...]
How To Get Finance In An Emergency When You Have Bad Credit
When you have a bad credit rating, getting money in a pinch can feel like an impossible task. Many lenders and other organisations look unfavourably on those with a poor credit rating, so it can feel like you’re stuck in a loop which can’t be broken. What’s more, if it’s an emergency, the panic can start to mount as you feel like there’s just no way out; if lenders won’t give … [Read more...]
The Difference Between A Long Term and Short Term Disability
Disability insurance (DI) is a type of insurance that insures the earned income of the beneficiary, especially if one gets a disability which results in their failure to complete the core functions of their work. Employees who have paid the Federal Insurance Contributions Act (FICA) tax can make use of the Social Security disability income insurance. For example if one … [Read more...]
A Guide to Pension Contributions and Types
An increasing number of people are putting money towards their pension — which is good news. Data from True Potential Investor shows that the proportion of people contributing nothing into pension pots dropped from 39% in Q2 2016 to 35% in Q3. It’s clear young people’s attitudes are changing too; Q3 2016 saw the number of 24-34 year olds making no pension contributions falling … [Read more...]
Pensions Map Infographic: How Much is the UK Saving?
The UK media has been filled with headlines about pensions this year but how well are people really preparing for their retirement? Financial services and technology organisation, True Potential, has put together the pension map infographic below. Take 5 minutes to browse the piece for yourself and uncover which areas of the UK are saving the most towards their pension … [Read more...]