You may be familiar with a home equity loan. It’s a closed-end term loan that uses your home to secure the value, hence the name. These loans are sometimes referred to as second mortgages and usually have a 5-7 year life with one lump sum being borrowed at initiation of the loan.
If you are like most Americans, having your finances completely buttoned up may not be your strong suit. In fact, the statistics about Americans and finances are downright shocking. But, you don’t have to be a statistic. We’re here to help.
Kids who are taught the right way to handle money grow into financially savvy adults. And yet, according to a 2016 T. Rowe Price survey, 71% of parents are reluctant to talk about money with their children, and only 22% of kids say they talk with their parents "frequently" about money.
Beginning this May, you can open a free Kasasa® checking account from MACU.