Resources

The Magic of Compounding Interest: How It Can Supercharge Your Savings

When most people think of compounding interest, credit cards, mortgages, and personal loans come to mind. Whether your goal is to build your net worth or save for retirement, compounding interest is a powerful tool to supercharge your savings, allowing your money to work harder for you.

Are checks really safer than debit cards?

Once you decide to buy something, you then must determine the form of payment you’ll use. Is cash easiest? Will you write a check? Or is your debit card the best way to go? Pros and cons exist for all methods of payment. Many of us decide quickly without thinking through potential fraud or payment protection.

401K for Millennials: Planning Retirement with Confidence

Millennials, take control of your financial future and learn how 401K planning can maximize your savings and secure a comfortable retirement later.

What’s the Difference Between Scholarships, Grants and Loans?

Few matters more than finding the funding you need to further your education. However, searching for money to cover college or trade school is like walking through a labyrinth. Yes, scholarships, grants, loans, work-study, and other opportunities are everywhere, but what’s the difference between them? Which funds do you need and what do they cover? Will you need to repay the money you receive?

Maximizing Your Meal Plan: How to Stretch Your College Food Budget

Creativity and mindful spending can help you maximize your college meal plan and food budget. And it can also help you save money for other things you might need throughout the school year. The tips above will help maximize your food budget and stretch your resources further without compromising your nutritional needs.

Ready for What Comes After Match Day?

Match Day is almost here! Extraco Mortgage is here to help make the process simple and supportive with our specialized Medical Professional Home Loan.

6 Tips for How to Pay for a Major Medical Expense 

This year, the Susan G. Komen Foundation predicts there will be 287,850 new cases of invasive breast cancer in women and 2,710 new cases of male breast cancer. While early detection and prevention are essential, cancer care and treatment costs can be astronomical. So how do you pay for these and other major medical expenses?

Fraud Alert Management

Extraco fraud alerts!

What Expenses You'll Want to Consider When Buying a Home

Saving to buy a home can be overwhelming. Here is a list of costs you will need to consider when saving: 1. Down Payment 2. Closing Costs 3. Moving Expenses

Creating a Budget

A budget will help you understand your spending patterns and gain better control over your money. Creating one helps you understand where you spend your money and discover areas where you can save.

Nine Clever Strategies to Save More on Groceries

Saving more money while shopping can be made simple using these different ways to increase your savings. With these nine strategies, you’ll quickly become a savvy shopper.

Calculating Your Debt-to-Income Ratios

Learn how to calculate your debt-to-income ratio (DTI) to estimate how much you can afford on your next mortgage. In addition to your credit score, your debt-to-income (DTI) ratios are looked at by closely by mortgage lenders when you apply for a loan. This ratio is extremely important in determining the risk associated with approval.

Home Sweet Home: VA and FHA Loans Simplified for Buyers

In this blog, we'll explore the key aspects of VA and FHA loans, shedding light on who can benefit from them and why they might be the perfect fit for your homeownership aspirations.

Borrower Responsibilities

When you take out a loan, you enter into a legal contract with the lender. This contract makes you liable to repay the obligation as set forth in your loan agreement.

Building a Budget and Minimizing Debt

Accumulating debt can be overwhelming. See how we've worked with customers to change their current financial situation and prepare for their future.

Your Complete Moving Checklist

There is so much to do when you’re getting ready to move — especially if you’re moving to a new city. This checklist won’t reduce your to-do list, but it can make it easier to avoid forgetting important tasks.

From Side Hustles to Savings: Ways to Make College More Affordable

We've compiled a short guide to help you navigate the financial terrain with savvy strategies and clever hacks to transform your dreams of higher education into a budget-friendly reality.

Are Professional Executive Loans the Key to Owning Your Dream Home?

Dreaming of owning your dream home? As you set out to transform your dream into reality, let Extraco Mortgage help you with your professional executive loan and finding the home of your dreams!

Should You Choose Dividend Stocks to Combat Inflation and Rate Hikes?

Inflation in the US has surged to the highest level in nearly 40 years, reaching 7.9% in February 2022. This, coupled with the US Federal Reserve’s decision to raise interest rates, has alarmed many investors

Does Being Frugal Make You Feel Richer?

It's easy to rationalize why frugality makes sense today. We’re seeing higher prices at the pumps, the grocery stores, and everywhere else. When costs climb, it’s time to focus on the things that truly matter and identify those that could wait a bit longer.

5 African Americans To Celebrate During Black History Month

We’ve got some extraordinary people to tell you about in celebration of Black History Month. We’re thrilled to celebrate these pioneers for all they have achieved and taught us throughout history. These historical figures remain beacons of hope, knowledge, and resolve. Their stories remind us to pursue our goals, dreams, and ambitions with determination, as tomorrow may bring unexpected opportunities.

Credit Card Debt: How to Know When You’re in Over Your Head

It’s best to avoid going too deep into credit card debt, and the way to do that is with careful planning and by creating a solid budget that you can live with. Knowing what you can reasonably afford and when you’ve reached that point is half the battle to preventing debt.

What Is a Trust Fund?

Trust funds provide a financial safety net for your family in an unexpected tragedy. Creditors cannot access the money you place in a trust fund. However, the fund can pay for funeral expenses, medical bills, and other immediate needs. Trust funds can also ensure that your loved ones have the money they need to care for themselves financially, even after you're gone.

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