March 29th, 2020

Stories Tagged With: credit

Understanding home equity loans

A home equity loan, sometimes called a second mortgage, allows you to borrow money at a very competitive rate using your home as collateral. Your available equity is based on the appraised value of your home less the amount you currently owe on your first mortgage. There’s an added benefit... Continue Reading >

Managing debt.

Understanding the different types of credit can help you better manage your debt. Secured credit includes loans or lines of credit that are secured by either the item being purchased, like an automobile, or secured by some other form of collateral, like your home.  Secured credit will almost always have... Continue Reading >

Head down the GreenPath.

Whether you need to develop a budget, save for your children’s education, put away funds for retirement, or buy your first home, GreenPath can help. GreenPath provides a free benefit available to Cornerstone members. From self-guided e-learning financial education modules to formal money management and debt counseling programs, GreenPath can... Continue Reading >

How Much is Too Much?

It may surprise you to know that there is no magic number of credit cards that can be assigned to everyone.  There are several questions to consider to get your answer. First, the debt-to-income ratio.  How much debt do you have compared to your income? Lenders calculate this figure when... Continue Reading >