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The Power of Compound Interest

You know your savings account and possibly even your checking account earn interest, but do you know how much? If you are banking with some of the nation’s biggest banks, the answer may surprise you. As of April 2016, the average savings account was earning account holders only 0.06 percent.i...

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Do Your Research Before You Make an Offer

Buying a home is an exciting time and it is easy to get wrapped up and forget about what you really need from your new house. While it may be possible to rescind your offer to buy a home, it is best to do as much research before putting in your offer to make sure you are comfortable purchasing...

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Don’t Get Spooked by the Cost of Halloween

Halloween can be a fun time for the entire family filled with buckets of candy, spooky costumes and neighborhood parties. It can also put a big dent into your wallet if you aren’t careful. In 2015, Americans were expected to spend close to $6.9 billion in Halloween supplies. Yikes! Try these...

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What Are FICO Scores and How Do They Work?

When you’re shopping around for a new mortgage, one term you can’t escape is FICO score. Every lender bases your mortgage-rate calculation at least in part on your FICO score, but how well do you understand what a FICO score is and how it works? What Is a FICO Score? A FICO score is a numerical...

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Five Reasons to Reduce Your Debt Today

Loans and credit card debt can be a necessity. They can help pay for college or buy a car, but they can also hurt you when it comes time to purchase a new home or refinance your current mortgage. The mortgage specialists of Bank of Internet USA present five ways that getting your debt under...

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