Category Archives: How can we help you?
June 30, 2014

Many parents worry about saving for their child’s college education. Thankfully, there is a lot of information and resources available, one of which is 529 plans. Learn more about 529 plans from Bob Mahoney in the Mahoney Money Minute video above. Feel free to share an additional helpful tips to parents in the comment sectionRead the Rest »

June 26, 2014

It really is never too early to begin preparing for your child’s future and a savings account is definitely a step in the right direction. Starting a savings account early can help you manage events down the road like college, their wedding and other expenses.  Older children can become involved in saving while learning theRead the Rest »

June 19, 2014

It’s tough to separate fact from fiction when it comes to home loans. Believing the myths about mortgages can lead to thousands of lost dollars over the life of a loan. Here are five of the most common – and dangerous – myths about mortgages. The Only Way to get that Down Payment is toRead the Rest »

June 16, 2014

Some parents have a difficult time trying to determine which allowance strategy is best for their family. Learn more about different options and what worked best for Bob Mahoney of Belmont Savings Bank. What worked best for you? Share by writing a comment below!

June 12, 2014

If you have made the decision to apply for a home equity line of credit (HELOC), then familiarizing yourself with its features will simplify the application process.  In addition, when you draw against the loan, you will know how that loan works and what to expect. Features to understand when applying: Qualifying Your home mustRead the Rest »

June 5, 2014

There was a time when it was easy to find a savings account with a 5% interest rate. All you had to do was walk to your nearest bank. Times have changed and most savings rates are under 1% APY. However, there are things that you can do to ensure your savings account is earningRead the Rest »

May 29, 2014

Are you looking to buy your first home? Here are 10 mortgage vocabulary words you’ll need to know: 1. Annual percentage rate (APR). APR is a standard method of calculating mortgage costs stated as a yearly rate. It includes interest, mortgage insurance, points and/or credit costs. Since it includes other items, the APR number willRead the Rest »

May 22, 2014

Rising home prices in recent years also mean rising home equity, as the price of your home has likely increased well above the amount you owe on your mortgage. If you have equity, it’s worth considering opening a HELOC, or home equity line of credit. This is a low-cost way to borrow money with manyRead the Rest »

May 15, 2014

When you get married and start a life with someone, virtually every aspect of your lives becomes merged, including your finances. It is customary, although not a requirement, for a couple to open a joint checking account when they wed or shortly thereafter. Here are some reasons why joint accounts are a better idea forRead the Rest »

May 7, 2014

Whether you’re shopping around for your first home, a new home or even an investment property, one of the most important factors to concern yourself with is the mortgage. No two mortgages are created equal and what works for your neighbor, family member or best friend might not work for you at all. The twoRead the Rest »