All About Collateral

Bail bonds offer a more affordable way to post bail for someone who has been held by a court, and a common feature is the inclusion of collateral as a condition for securing the bond. In other words, not only are you paying the percentage of the bail required by the bondsman, but you're also signing over something that the bond company will hold onto (or will hold onto on paper, in certain cases) until after the case is complete. [Read More]

5 Things To Consider Before Taking Out A Loan

Consumer loans can be a great way to pay for expenses that you need during an emergency or difficult financial situation. Many individuals take out loans to deal with car trouble, unexpected medical bills, or even vet costs. If you're thinking about taking out a loan, you want to make sure that you understand your options and that you know what you're getting into. With responsible usage, loans can be a great lifesaver. [Read More]

Should You Take Out A Mortgage Just Before Retirement?

If your retirement horizon is becoming shorter each year, you may be starting to put your financial ducks in a row to ensure your transition from the working world to a life of leisure is a smooth one. One of the biggest considerations for many soon-to-be retirees is their home. Whether you're planning to downsize or move across the country, refinance, or pay your mortgage off entirely, you'll want to ensure you're taking the most prudent path possible, as leaving paid employment tends to diminish your ability to weather unexpected financial events. [Read More]

Use The Equity In Your Home To Your Advantage

If you are fortunate to have paid down your mortgage enough or even completely paid it off and your property value is worth more than you owe on it, you have equity on your home. This can be a tremendous advantage if you have an unexpected financial need, because this means you can take out a home equity line of credit, also known in the industry as a HELOC. Here are three situations where people commonly use a home equity line of credit. [Read More]