PCT Federal Credit Union

A stable financial habit can take you a long way and that is just the beginning. You must start with making short-term and medium-term goals to make sure you achieve them. Once you are 20, you probably are an earning professional. This is a perfect age to start saving and building a life for yourself. Your financial planning at the start of your career will decide the rest of your routine because good financial plans are built in the initial years itself. Here are some of the basic financial planning tips to follow before you turn 20. Budget and start saving:  It is all about making goals and working on executing the plan. You have to budget your monthly salary and divide your income to meet the financial planning Wareham . People who are new in the job tend to have lower income, so they must follow a simple rule “Income minus expenses= savings”. This statement tells you that you must save first and spend later. Medical insurance:  You have to make sure that you have your insurance c

  A mortgage is also sometimes known as a mortgage loan. It is an agreement between the borrower and the lender involving the buying or refinancing of a house without getting the cash upfront. This kind of mortgage allows the lender with the property rights of the buyer. The lender is allowed to repossess the collateral if the borrower is unable to repay the mortgage Wareham plus the interest at a given time.  Difference between loan and mortgage A mortgage is usually used to finance the property, mortgage is a type of loan but not every loan can be a mortgage. The difference between a normal loan and a mortgage is that it requires collateral. Mortgages are secured loans, the lender demands collateral for the money they will lend and the borrower will have to pay the amount back along with interest before the foreclosure.  Mortgage Terminology When you are shopping for a home and planning for a mortgage, you will come across a lot of industry lingo that you are not famil

There are many reasons why people consider taking personal loans. This is the reason why you must have all the relevant information about the procedures and consequences you can face. We listed down some of the important factors and frequently asked questions related to personal loans. You must have decided to take a personal loan if you are reading this. There are many things to understand before you finally apply for a personal loan . We have a list of factors that will help you understand the do’s and don’ts of applying for a personal loan.   The place where you live plays an important part in loan applications. It will draw the conclusion in your approval. Your income is another important factor that will add up to your loan application. The higher your income, the better is the chance of eligibility. If you already have an ongoing personal loan, your chances of getting another loan will be lower as you will have less credit to repay. If you own a house and have that l