Preparing is key Financial needs change through all stages of our lives. The one constant focus as we age should be on saving for retirement years. As you begin your retirement plan, there are a number of things to consider. Saving for retirement Retirement has many logistical aspects, and one of those is saving. USA.gov Read More »
Congratulations on your new place! Now that you’re settling in, there are some important things you need to consider. Burke & Herbert Bank recommends these six important tips: #1 Create a Budget The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It’s Read More »
Millennials looking to make their next housing move face a tough decision: to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. “Millennials should weigh a number of factors before Read More »
When considering buying a home, the down payment you make up front plays a major role in your future housing expenses. According to the Consumer Financial Protection Bureau, the down payment amount can greatly influence your mortgage interest rate, your monthly mortgage payment and your need for mortgage insurance. Typically, lenders require anywhere between five Read More »
It’s time for spring cleaning – time for cleaning, sorting and tidying up around the house. Spring is also a great time to do some financial organizing and tidying up as well. To help get you started, here are six tips for getting your financial house in order: #1 Review Your Budget A lot can Read More »
Your credit report tells the story of your financial history. Credit information is gathered from creditors and public records and maintained by the three major credit reporting bureaus – Equifax, TransUnion and Experian. It contains everything from your name, Social Security Number, address and employment status to credit card accounts, mortgages, car loans and student Read More »
