Building a relationship with your current bank can help provide additional access, benefits, and preferential treatment. Your bank has a lot of services to offer down the line to help with whatever financial needs you may have. Try to stick with a few banks maximum so that you can build out that long-term partnership with them. How does Relationship Banking work? As you start to develop rapport with your local bank, you’ll start getting a […]
About Life Insurance Life insurance is a superb way of protecting your loved ones with financial resources in the case of your death. Understand the various types of life insurance on offer and pick the one that works best for you. Know that some forms of life insurance can help benefit you while you’re still alive. How does Life Insurance Work? Life insurance comes in three primary options, Term, Whole, and Universal. Term Life Insurance […]
Car Loans A great way to be able to get yourself on the open road. Getting a car loan helps to manage your costs and enables you to purchase a higher quality car that will last longer and be more efficient. It doesn’t matter whether you’re looking for a new or used car; by financing it, you help to free up your cash flow. Cars depreciate quickly over time, so it’s better to lock in […]
About Credit Management and Repair Effectively managing your credit history and growing your creditworthiness has extensive benefits throughout your financial life. Make sure to have healthy credit habits and only use credit that you’re able to cover financially. Always review your credit history to see if you’re improving or to take action to repair it if necessary. Why is Credit Management so important? Working to have a healthy relationship with credit can open up new […]
How to Determine The Rent to Income Ratio Required for Tenants The rent to income (RTI) ratio is a calculation that compares the tenants’ gross monthly income to the price of the monthly rent and is expressed as a percentage. Gross income represents the combined monthly income, from all sources, from every adult on the lease, before any deductions such as payroll tax withholdings or retirement contributions. Many landlords use the rent to income ratio […]