A Comprehensive Guide to Refinancing Your Mortgage: Frequency and Key Considerations for Multiple Refinancings
Refinancing your mortgage can help reduce your monthly payments and adjust your loan terms, but it can also be expensive. ### How Many Times Can You Refinance? There’s no legal limit on the number of times you can refinance your mortgage. However, each refinancing comes with closing costs, including inspection fees, title search and insurance…
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The Importance of Your Credit Score for Major Purchases in 2024
Credit is a big part of your financial life, so when thinking about building your credit, should you use it for big purchases? Let’s dive into why credit is important. FICO scores range from 300 to 850, and a score between 670 and 739 is considered “good.” Good credit can help you get lower interest…
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The Timeline for Receiving Direct Deposits
In today’s fast-paced world, getting your earnings quickly and efficiently is more important than ever. Direct deposit offers a convenient solution, eliminating the need to physically deposit a paycheck at a bank. But how long does direct deposit take? Let’s find out. **How Long Does Direct Deposit Take?** Typically, direct deposits take one to three…
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Navigating the Fees for Citi® Wire Transfers
Citi® is a major player in the banking world, offering various ways for customers to send money globally. However, these services usually come with fees that differ based on the type of account you hold with Citi. Let’s break down the wire transfer options and costs by account type. ### Citi Wire Transfer Costs The…
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Boost Your Savings Exponentially with This Quick 5-Minute Action
If you keep your money in a traditional savings account, you know how slowly it grows. It can feel like watching paint dry. Luckily, this is a simple problem to fix. In fact, you could grow your savings more than 10 times faster just by making a single five-minute move. When you open a Jovia…
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Evaluating the Benefits and Drawbacks of Gas Rewards Credit Cards
Are gas credit cards the best option for improving your credit score? Here are some things to think about before applying. **Pros of Gas Credit Cards** **Accessibility**: Gas credit cards are easier to get than traditional credit cards, especially if you have poor or no credit history. While standard credit cards often require a good…
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Potential Challenges Facing Numerous Regional Banks
Regional banks fall somewhere between national banks and community banks. They cover more territory than community banks but are much smaller than national banks. According to FDIC call reports, U.S. regional banks have assets ranging from $10 billion to $100 billion. These banks play a crucial role in the American banking system, but they’ve faced…
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Confessions of a Bank Teller: 5 Customer Habits That Can Damage Their Accounts
According to the Federal Deposit Insurance Corporation (FDIC), about 95.5% of Americans have a checking or savings account, or both, at a credit union or a bank. Having a bank account offers several benefits, like FDIC insurance, accessibility, convenience, lower fees compared to non-banking services, and a range of other financial services. Even though many…
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Confessions of a Bank Teller: 6 Boundaries on Handling Your Money
As a bank teller, Rachael P. plays a crucial role in helping customers with their financial needs. However, she wants people to understand the real limitations of her job when it comes to handling their money. Many people think Rachael has full control over their accounts, but that’s not true. There are strict rules about…
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I’m a Bank Teller: 2 Financial Moves to Avoid Conducting Over the Internet
You can now handle almost all your banking tasks, from paying bills to getting a loan, with just a few taps on your smartphone. Given this convenience, why would anyone visit a bank branch unless absolutely necessary? While many transactions are fine to do online, Kimberlie McGee, head teller at Addition Financial in Lake Mary,…
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