Bob Mahoney, President and CEO of Belmont Savings Bank, interviews Kevin Fudge of American Student Assistance about the options for college loans including Stafford loans, PLUS loans, and private loans.
Identity theft occurs on a regular basis to more than ten million people per year, according to Fox Business and that number will only grow as thieves become more adept at stealing information and more consumers use credit and debit cards. Previously, headlines were made when it was discovered that 1.7 billion identities were stolen… Read the Rest »
Homeowners with equity in their property might want to consider a Home Equity Line of Credit (HELOC) to meet big expenses that sometimes come out of left field when we least expect it. That being said, many property owners shy away from this option due to misinformation and misconceptions, so here is a list of… Read the Rest »
Deciding to purchase or lease a car is a big decision. There are a few factors to consider including monthly payments, depreciation, and how long you plan to keep the car. Learn more by watching this Mahoney Money Minute.
Buying vs renting a home is a decision many people face in their lifetime, and some people face it multiple times. Learn some of the biggest factors you should consider in this Mahoney Money Minute.
While planning a wedding, there are many decisions the happy couple are excited to make together. However, there are other decisions that are unpleasant to think about but also very important to consider related to your finances. Learn more in this Mahoney Money Minute.
A lot of people have the mistaken impression that there is no real benefit to opening a savings account. However, the reality is that there really are a number of significant benefits to opening and growing a savings account. Here are 5 of the most important reasons: 1. Spend less money Numerous studies have shown… Read the Rest »
Tapping into home equity by is a great way to afford expenses like college tuition or home improvement, and it is a cost-effective way of consolidating debt from credits cards or medical expenses. There are three options — refinances, home equity loans, and home equity lines of credit (HELOCs). These loans have slightly different terms… Read the Rest »
When applying for a Home Equity Line of Credit (HELOC), you will come across many of the same terms you learned about when you first applied for your mortgage. However, you may also find some new terms. The CFPB provides a free PDF available for download here that explains everything you should know about HELOCs,… Read the Rest »
Teaching children about savings is an ongoing and important lesson. Learn some tips and tricks from Bob Mahoney in the Mahoney Money Minute video above. Share your experience with teaching your child about saving money in the reply section below!