What Is a Mortgage Loan Officer?
A loan officer that specializes in mortgages helps potential homebuyers through the process of obtaining a loan. Although they’re different job titles, the terms “loan officer” and “loan originator” refer to the same job and can be used interchangeably. A mortgage loan originator is also responsible for assisting a potential home buyer in getting pre-qualified […]
How to Open a Money Market Account: Everything You Need to Know
A money market account (MMA) can be thought of as a hybrid between a savings and checking account since it has characteristics of both types of bank accounts. An MMA may be a smart financial option because it usually yields higher interest rates than a regular savings account. However, you still have direct access to […]
What Are the Different Types and Classes of Stocks?
A stock is a single stake in the ownership of a company. When you own a stock, you have a small claim on the assets and profits of the company. However, unless you own a good chunk of stock in one specific company, you won’t have much say in how the company is run or […]
What Is the Maximum Debt-to-Income Ratio to Qualify for a Mortgage?
The home buying process is more than simply shopping for a two-story house with a pool and an updated kitchen — you may also need to apply for a mortgage to purchase a home. There are several types of loans available for a new home purchase, including an FHA loan. However, to obtain a home […]
Jobs for People With Physical Disabilities: Finding Accessible Work and Career Options
According to Forbes, as of September 2014, the unemployment rate for people with disabilities was 12.3%, compared to 5.9% for the general population. However, outdated 1973 legislation designed to protect people with disabilities from job discrimination was recently updated to include additional regulations. The new laws added to this legislation require government agencies, companies with […]
What Are Investment Bonds and How Do They Work?
Stocks and bonds are two of the most common types of investment products. While stock values change based on market trends, bonds appreciate at a fixed interest rate, offering more security though often with less lucrative gains. In a sense, stocks and bonds represent two different ways to balance risk against reward when investing. What […]