It is quite easy to make the elementary mistake of calling a bank a credit union (CU) and vice versa. However, both these institutions have quite a few differences that set them apart. The key difference between the two is the fact that a bank operates with profits in...
When we talk about refinancing, the most common aspect that it pertains to is mortgage. Home or mortgage refinancing offers the benefit of a debt replacement on your home with a much more favorable one. What is mortgage refinancing? When we talk about mortgage...
The finance industry of any country is the actual source for all financial services. It is one of the largest and most independent industries to ever exist. Financial sectors such as banks, insurance companies, credit card companies, stock brokerage companies,...
What are Home loans? Home Loans are loans extended by banks for a specific term, charging an amount of interest. This loan can be paid off in installments, called EMI’s (Easy Monthly Installments) instead of paying back in lump sum. Thus, it becomes easier to pay off...
The financial condition of the world is becoming more and more volatile every day. No longer is it possible to rely on tomorrow to better the things gone wrong, as the financial condition changes every day. Thus it is no longer safe to take chances. In the event of...
