- How Much Can I Borrow for a Mortgage?
Key Factors in Determining Your Borrowing Power
Focus on Affordability
Lenders may approve you for more than you can comfortably afford.
Use the 28% rule: mortgage payments shouldn't exceed 28% of your pre-tax inco…
Topic: Buying A House | Read more
- 3/20/30/40 Rule for Buying a House
The Rule Breakdown
3: Total House Cost 3x Annual Income
- The total cost of your house should not exceed three times your annual income.
- Example: If your annual income is10 lakh, your house should cost no more…
Topic: Buying A House | Read more
- Selling Your Home Without an Agent
Eliminating a real estate agent can save significant commissions but requires effort, patience, and attention to detail. Here are five essential tips to guide your For Sale by Owner (FSBO) journey:
1. Set a Realistic…
Topic: Buying A House | Read more
- How to Help You Sell Your Own Home (For Sale by Owner)
Selling your home without an agent can save thousands, but it requires effort, time, and preparation. Here are key tips to increase your chances of success:
1. Be Ready for the Challenge
Make sure you have enough t…
Topic: Buying A House | Read more
- A Simple Guide to ACH Transfers
ACH transfers are a popular, cost-effective way to electronically move money between banks or credit unions. Here's a concise breakdown:
1. What is an ACH Transfer?
Definition: Electronic transfers of funds via the …
Topic: Banking | Read more
- How to Open a Bank Account Online
Opening a bank account online is convenient, fast, and can often be done in minutes. Follow these steps to get started!
1. Choose the Account
Types of Accounts: Decide between a checking account (for payments and…
Topic: Banking | Read more
- What Is a Money Order? (And How It Works)
A money order is a secure, prepaid financial instrument used as an alternative to cash or personal checks. It’s particularly useful for sending money safely, especially when bank accounts aren’t involved.
Summing it …
Topic: Banking | Read more
- The Best Ways to Send Money Internationally
Transferring money internationally can be complex and costly, but using dedicated money transfer services often provides better rates, speed, and convenience compared to traditional banks. Here are five of the best serv…
Topic: Banking | Read more
- What Is a Routing Number?
A routing number is a nine-digit code that identifies a financial institution in a transaction. It’s used to process various financial operations, including direct deposits, wire transfers, and automated bill payments. …
Topic: Banking | Read more
- What Is a Cashier's Check?
A cashier’s check is a secure payment instrument drawn from a bank’s funds and signed by a teller, guaranteeing the funds. It is often required for large transactions like buying a car or home because it provides added …
Topic: Banking | Read more
- The Best Ways to Send Money
Whether you’re transferring money to friends, family, or internationally, choosing the right method can save you time and fees. Here’s a breakdown of the top services based on fees, speed, and features.
1. Bank Wire …
Topic: Banking | Read more
- What Is Venmo?
Venmo is a peer-to-peer (P2P) money transfer app that allows users to send and receive money quickly and conveniently. Known for its social media-like feed, Venmo is often used to split bills, share expenses with friend…
Topic: Banking | Read more
- How to Cash a Check (and Minimize Fees)
Cashing a check can be straightforward and affordable with the right approach. Here’s a breakdown of how to cash checks and avoid unnecessary costs.
Steps to Cash or Deposit a Check
Visit the right location:
With a …
Topic: Banking | Read more
- How to Fill Out a Money Order Step-by-Step
Follow these five simple steps to correctly fill out a money order and ensure your funds reach the right recipient.
1. Fill in the Recipient’s Name
Write the name of the person or business receiving the money order…
Topic: Banking | Read more
- A Simple Guide to Joint Bank Accounts
1. What is a Joint Bank Account?
Definition: A bank account shared by two or more people, where all account holders can deposit, withdraw, and monitor funds.
Common Uses:
Couples sharing expenses.
Parents helpin…
Topic: Banking | Read more
- How to Calculate Interest in a Savings Account
Earning interest in a savings account helps your money grow over time. Let’s break down how to calculate it and maximize your earnings!
1. Simple Interest Formula
Simple interest provides a quick estimate of your ear…
Topic: Banking | Read more
- What Is an Overdraft Fee?
An overdraft fee is a charge imposed by a bank when you spend more money than you have in your account, causing a negative balance. These fees are commonly applied to checking accounts and are among the most expensive ba…
Topic: Banking | Read more
- How to Write a Check?
Include the Date
Write the current date in the top-right corner.
Use the format: "Month/Day/Year" (e.g., June 20, 2024, or 6/20/2024).
Name the Recipient
Write the recipient's full name (person or business)…
Topic: Banking | Read more
- 8 Best Ways to Send Money
Top Money Transfer Methods
Bank Wire Transfer
Best for large amounts ($10,000+).
Delivery: Within hours or minutes.
Fees: Vary by bank; typically higher for international transfers.
Cash App
Free for dome…
Topic: Banking | Read more
- PayPal Guide for Small Businesses
What Is PayPal?
A digital payment platform founded in 1998, facilitating secure online transactions.
Serves over 300 million users in 200+ markets worldwide.
Parent company to Venmo, Zettle, and other payment servi…
Topic: Banking | Read more
