Recent News:
Source: Consumer Financial Protection Bureau (CFPB)
On December 27, 2020, two types of relief for renters were signed into law:
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$25 billion for emergency rental assistance . The funds will be distributed by the U.S. Department of Treasury to states and local governments in 2021.
- An extension of the CDC’s eviction moratorium until January 31, 2021. This means the protections last beyond the CDC’s original expiration date of December 31, 2020.
Keep reading [the article] to learn more details about this relief.
Source: U.S. News
While paying down debt, student loan balances may be a priority among other financial obligations, and it can be challenging to identify the most effective strategies. Making extra payments to the principal on student loans is a way you can free up funds sooner to apply to other financial goals – such as saving up for a down payment on a house.
As you consider this option, be sure you get a handle on what to know about making extra student loan payments on the principal only.
Source: BankRate
What you don’t know can hurt you — especially when shopping for a mortgage. Before wading into the world of home financing, it’s important to do some research so you don’t make a costly mistake.
To save yourself money, time and headaches, here are four common mortgage errors and how to avoid them.
Source: GreenPath
Credit cards are important tools for the majority of people, and using credit cards wisely is part of financial wellness.
Especially in a time of financial challenge, credit cards can help you pay for household and personal expenses. Careful use of a credit card can improve your credit score. And having a healthy credit score is key to reduced financial stress and improved overall financial wellness. View the following webinar highlight for more insight.
