What is a savings account in finance?By Helen Barklam25th February 2023 IntroductionA savings account is a type of financial account that allows individuals to save money and earn interest on their…
What is a debit card in finance?By Helen Barklam25th February 2023 IntroductionA debit card is a payment card that allows you to access funds from your bank account. It is a…
What is a credit card in finance?By Helen Barklam25th February 2023 IntroductionA credit card is a financial instrument that allows individuals to make purchases and pay for services without having to…
What is a home equity loan in finance?By Helen Barklam25th February 2023 IntroductionA home equity loan is a type of loan in which the borrower uses the equity of their home as…
What is a refinancing in finance?By Helen Barklam25th February 2023 IntroductionRefinancing in finance is the process of replacing an existing loan with a new loan that has different terms. This…
What is an adjustable-rate mortgage (ARM) in finance?By Helen Barklam25th February 2023 IntroductionAn adjustable-rate mortgage (ARM) is a type of mortgage loan in which the interest rate is periodically adjusted based on…
What is a fixed-rate mortgage in finance?By Helen Barklam25th February 2023 IntroductionA fixed-rate mortgage is a type of loan in which the interest rate remains the same for the entire term…
What is an interest-only mortgage in finance?By Helen Barklam25th February 2023 IntroductionAn interest-only mortgage is a type of loan in which the borrower pays only the interest on the loan for…
What is a mortgage in finance?By Helen Barklam25th February 2023 IntroductionA mortgage is a loan taken out to purchase real estate, usually a home. The borrower agrees to pay back…
