Borrowing and Saving: A Financial Balance Blog

What Every Homeowner With Equity Needs To Understand About Helocs

Do you own a home and have equity? If so, you may have heard of a home equity line of credit, which is commonly referred to as HELOC. Perhaps you are wondering how it works and whether it is something you should consider. The following are a few points that every homeowner with equity in their homes should understand.  Associated Costs There will be some costs that you can expect when you apply for HELOCs. Read More 

Seeking Advice From A Certified Financial Planner: 3 Smart Things To Do After Receiving An Inheritance

Did you know that the average American leaves almost $177,000 in inheritance to their heirs? If you get the call that someone close to you has passed away and left you a sizeable amount of inheritance, it is vital that you don't spend all of the inheritance once you receive it. Now is a good time to speak to a certified financial planner in order to discuss your financial situation and how you can best make use of the inheritance that has been left to you. Read More 

Three Reasons You May Be Asked To Put Up Collateral For A Bail Bond

Many times when you contract with a bail bondsman to get yourself or your loved one out of jail, they will do what's called a signature bond where you're only required to sign a contract agreeing to the terms. In some cases, though, the bail bond company may ask you to provide collateral (e.g. a house or jewelry) backing the bond. Here are three reasons why this may occur. The Bail is Too High Read More 

Coin Collector Left No Will & You Need To Settle The Estate? Here’s A Mini-Guide

If you've recently been given the privilege of handling the estate of a loved one who was an avid coin collector yet passed away without a will, your head may be spinning at the enormous amount of work ahead of you, particularly if the coins have not been organized. Not only do you have to take care of any and all bills, you also have to figure out what to do with the collections. Read More 

3 Reasons To Consider A Payday Loan

Payday loans are a very useful resource for many people and can provide a range of advantages over traditional loans, provided that they are used in moderation. Listed below are just a few of the reasons to consider utilizing a payday loan. Get Approved Easily One of the biggest reasons to consider a payday loan is if you need money badly but cannot get approved for a loan from a bank or other type of lender. Read More