When you take out a home equity line of credit, you're offering your house as collateral to secure another loan. The upside: You can gain access to up to 80% of your home's value, minus your current mortgage balance and adjusted based on your creditworthiness.The downside? If you can't make your payments, you could lose where you live. Because the stakes are high, you want to make sure you use a HELOC for the right reasons. Here are a few. [More]
More people are signing up for Health Savings Accounts (HSAs) than ever before. How to best manage an HSA and your contributions to it, however, are somewhat more complex.
As more employers and individuals turn to HDHPs because of their lower premiums, more individuals are discovering that they are qualified for an HSA. If you’re among them, this list will help shed light on some of the most common mistakes people make with HSAs, and how to avoid them. [More]
Stop overdrawing your account. Today. It’s simple. Here’s four things you can do to prevent your account from being overdrawn:
1) Sign Up for Mobile Banking
With Mobile Banking you have access to your account anytime to check balances, view transactions and transfer money right then and there (in the store before you make that purchase that will overdraw your checking account).
2) Alert, Alert!
Set up alerts within Online Banking to receive emails when your account balance falls belo... [More]