I Know Your Password!

I Know Your Password!

Truth be told, I do not. However, it appears I, and many others, could guess! In previous blogs, I have talked about the importance of protecting your PC from cyber theft and the potential threats of malicious software that steals your password and other critical information to login to financial services sites. But sometimes, technology [...]

Know Before You Go: Mortgage or Home Equity Loan Approvals

Know Before You Go: Mortgage or Home Equity Loan Approvals

When applying for a mortgage or home equity loan or line, there are some equations that come into play. Here are the most common factors that will be calculated to determine your credit worthiness.   Loan to Value Loan to Value (LTV), is a percentage of what you owe compared to the home market value. [...]

How a Home Equity Credit Line Works

How a Home Equity Credit Line Works

A home equity credit line, often called a HECL or HELOC, is a revolving line of credit that is secured by a lien placed against your home. Often, customers ask how a HECL differs from its sister, the home equity loan. When you get a HECL, you are approved to use it to a specific [...]

Should Your Business Have a Line of Credit?

Should Your Business Have a Line of Credit?

What is a business line of credit? A business line of credit is a revolving facility that functions much like a credit card and/or a home equity line of credit. Lines vary in size from $10,000 to millions of dollars. They can be accessed by writing a check or online transfers, especially lines under $500,000 [...]

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