Personal Finance

Towards a Healthier Financial Future

Topic: "Loans"

← Curating the web to find the most interesting and helpful information about your money.

Word of the week

Co-Borrower

When two people apply for a loan or credit line together, they are known as co-borrowers. The money associated with the loan are equally accessible to the co-borrower. Payment obligations fall on both the principal borrower and the co-borrower. A common example of this is a married couple that applies for a mortgage or auto loan together.

What Is a Co-Borrower? Role in Loan Documents and Vs. Co-Signer →

Saving

The Bank of Parents - Exploring a touchy subject for every family: borrowing money from your parents.

Saving Half Banked Podcast: Hosts Cadeem, Bethan and Lauren on the Bank of Parents →

Saving

Rob Carrick speaks with Shir Magen, the CEO of HomeStars on his Stress Test Podcast about the popularity of renovations, the types of renos that add value to your home and money-saving tips for those considering heading down the reno route.

Saving Podcast: Renovating can help you get the home you otherwise can't afford →

Word of the week

Annual Percentage Rate (APR)

APR stands for Annual Percentage Rate. It's the yearly interest rate you pay on a loan or credit card. However, a credit card's advertised APR isn't the true interest rate because it compounds daily.

Learn how to calculate the effective APR to find a credit card's true interest rate →

← Curating the web to find the most interesting and helpful information about your money.