One of the most tedious parts of home buying is gathering the right documentation, but prepping beforehand makes it that much easier. The documents required for a mortgage application can be categorized by type: Proof of Income/Employment, Proof of Assets, Credit History, and Residential History. These give potential lenders a glimpse into your situation so
It's crucial for your family to know the basics of financial literacy, but how do you approach teaching them? Luckily, you're making financial decisions every day—you simply need to let your kids in on the conversation. What is Financial Literacy? Financial literacy includes many different financial skills and concepts; to be financially literate simply means
Scammers are becoming more sophisticated in their tactics to exploit people. From phishing schemes to investment frauds, it's hard to navigate the landscape of potential scams. Understanding the red flags and staying vigilant are crucial steps to safeguarding yourself from falling prey to scams in the digital age. Malware Malware is malicious software that can infiltrate
Whether you find yourself laid off from work, facing a medical emergency, or confronted with a situation that you’re financially unprepared for, it may be tempting to withdraw from retirement savings—but there are penalties and consequences you need to consider before doing so.Early Withdrawal PenaltiesThere are serious consequences to accessing your retirement funds early. If you’re
Whether you’re standing in front of a shelf at the grocery store, shopping online, or even walking around a car dealership, you may wonder: Do I go for the “nicer,” more expensive option or choose the cheaper one to save some money? At the end of the day, what you’re really debating is quality vs
