What Is a Mortgage?

mortgage basics

Readers: This is article 1 of 25 for my new no-nonsense "Mortgage Basics" quick-reference series. In the simplest terms, a mortgage is a home loan that uses the property being purchased as collateral. If the homebuyer ever fails to make payments, ...

Continue reading What Is a Mortgage?

What Is a Credit Card?

credit card basics

Readers: This is article 1 of 25 for my new no-nonsense "Credit Card Basics" quick-reference series. Credit cards allow people to borrow money from their bank or a financial institution for the purchase of consumer goods and services. Because ...

Continue reading What Is a Credit Card?