Category: Money Matters

A First-Time Homebuyer’s Guide to Mortgages

You’ve made one of the biggest decisions of your life and decided it’s time to buy your first home. Not sure where to start? Take our first-time homebuyer quiz: It will help you understand how much home you can afford, how your credit score affects your rate, how much your down payment should be—and more.… Read more

5 Tips for Buying a Car the Whole Family Can Enjoy

Whether you’re a first-time parent or a seasoned PTA member, it’s important that you have wheels that can handle your and your family’s specific needs. We’ve come a long way since the days of piling into a “mom minivan.” While you don’t have to choose between style and function anymore, there are key things every… Read more

Benefits of Community Banking through a Credit Union

Walking into a credit union such as Suffolk Federal is like walking into a place where everyone knows your name. As a staple for over 50 years in the local communities where it does business, the non-profit financial institution continues its dedication to providing better banking opportunities for local residents. It is no wonder that… Read more

Your Used Car: Should You Sell or Should You Trade It?

Have you decided it’s time to upgrade your ride but need to beef up your new car fund? Selling your current car is a great way to get the extra cash to help you get your dream car. Simple, right? Not so fast. First you need to determine whether it’s better to sell it yourself… Read more

What Can Mobile Banking Do for You?

Maybe the better question is what can’t it do for you? Mobile banking isn’t new to the financial game. In fact, it’s the third most popular app among Americans, barely trailing weather apps and bested significantly only by social media. Yet some still aren’t using their mobile banking app at all, or to its fullest… Read more

Your Teen Wants a Checking Account: Now What?

As a parent, you’ll be there to experience so many firsts with your child: From their first step and word to their first day of school and missing tooth. Among these first steps on their journey to adulthood is one of the biggest that can often get overlooked: their first checking account. This is more… Read more

HELOC: It May Just Be Your Most Versatile Untapped Resource

If you’ve read our recent blog comparing home equity lines of credit (HELOCs) to home equity loans, you already know the fine points of a HELOC, including how your home’s equity is determined, its competitive interest rates, potential tax advantages, and how you can access your money. Now it’s time to take a closer look… Read more

First-Time Homebuyers’ Quiz: Can You Ace It?

There are certain milestones in every person’s life they will always remember, from learning to ride a bike and graduating high school to getting married and starting a family. Often, there’s no true way to prepare for these moments other than to enjoy them. But there is one major life milestone where there is no… Read more

HELOC vs. Home Equity Loans

Home equity line of credit (HELOC) and home equity loan: If you’re a homeowner, chances are you’ve heard of these lending products, but how much do you really know about them? Let’s start with the basics: Both the HELOC and the home equity loan enable you to borrow against your home’s equity – the value… Read more

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