Bob Mahoney, President and CEO of Belmont Savings Bank, discusses his opinion on the mortgage rate market.
Certificates of deposit, or CDs, are not the most exciting investments, but they are among the safest. They make perfect sense for the risk-averse or for people just looking to park some cash over a specific period of time. The ABCs of CDs CDs differ from traditional savings accounts in that you are committing to… Read the Rest »
When you take out a second mortgage, a name for a home equity line of credit, you’re offering your house as collateral to secure another loan. The upside: You can gain access to up to 85% of your home’s value, minus your current mortgage balance and adjusted based on your creditworthiness. The downside? If you… Read the Rest »