Topic: Finance

Understanding Biweekly Mortgage Payments

When you purchase a home using a lender your mortgage payments are due once a month by default. Some homeowners, however, choose to make biweekly payments. This is done in an effort to pay off a mortgage faster and pay...

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Set Up An Emergency Fund

An emergency fund is a separate bank account set aside to cover the costs of life’s unplanned events such as large medical bills, job loss or major auto or home repair. While many people understand that they need an emergency...

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Understanding Escrow Accounts

An escrow account is a non-interest-bearing account that sets aside roughly one-twelfth of your annual property taxes and homeowners insurance each month with your regularly scheduled payments. An escrow account is not managed by the homeowner, but rather the loan...

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