At O1ne Mortgage, we prioritize consumer credit and finance education to help you make the best financial decisions. While credit cards offer numerous benefits, such as rewards, purchase protections, and the ability to pay off balances over time, there are instances where using a credit card may not be the best option. Here, we explore […]
Understanding and Managing Deficiency Balances: A Comprehensive Guide If you’ve experienced a repossession or foreclosure, or if you’ve voluntarily returned property to a lender, your financial obligations might not be over. You could owe a deficiency balance if the lender can’t recoup the full amount that you owe. This article will help you understand what […]
Mastering the Art of Writing a Check: A Comprehensive Guide In today’s digital age, the practice of writing a check might seem like a relic of the past. However, there are still instances where you may need to write a check, such as making a down payment on a house or paying monthly rent. Understanding […]
Understanding the Components of Your Mortgage Payment When you take out a mortgage loan, your monthly payment is typically divided into four main components: principal, interest, taxes, and insurance (often abbreviated as PITI). Understanding these components can help you better manage your finances and potentially save money over the life of your loan. At O1ne […]
Understanding Moving Truck Rental Insurance: What You Need to Know Millions of Americans move every year, and renting a moving truck from companies like U-Haul is a common part of the process. However, one question that often arises is whether your car insurance will cover a moving truck rental. At O1ne Mortgage, we understand the […]
Understanding Stock Market Indexes: A Comprehensive Guide Stock exchanges like the Nasdaq and the New York Stock Exchange (NYSE) are two of the largest marketplaces to buy and sell stocks. However, they are different from stock market indexes, which track the performance of specific groups of stocks. You’ve probably heard of the S&P 500, the […]
Mastering Credit Card Debt: Strategies for Financial Freedom At O1ne Mortgage, we prioritize consumer credit and finance education to help you make the best financial decisions. While credit cards can be valuable tools for building and maintaining your credit, it’s essential to understand the best practices for managing them. One common misconception is that carrying […]
Understanding Mortgage Refinancing and Home Equity Options in 2023 As we navigate through 2023, the landscape of mortgage refinancing has shifted significantly. Homeowners who once found refinancing a viable option to tap into their home equity are now facing a different reality. With current mortgage rates averaging around 6.75%, refinancing for a larger mortgage is […]
Understanding the Surge in Credit Card Balances Across the U.S. In the past year, credit card spending has seen a significant uptick, as evidenced by data from Experian. By the end of June 2023, the average credit card balance nationwide had risen to $6,365, marking an 11.7% increase from $5,699 in June 2022. This trend […]
Boost Your Financial Fitness in 30 Days with O1ne Mortgage Ever wish your personal finances were in better shape? When it comes to financial health, taking small steps can eventually pay off in big rewards. From checking your credit report and boosting your savings to automating bill payments, here are simple things you can do […]
