Understanding CD Early Withdrawal Penalties and How to Avoid Them Investing in a certificate of deposit (CD) can be a smart financial move, offering higher interest rates compared to traditional savings accounts. However, it’s essential to understand the implications of withdrawing your funds before the CD matures. At O1ne Mortgage, we aim to provide you […]
Maximizing Your Savings with Tax-Efficient Investments Tax-efficient investments and accounts can significantly enhance your long-term returns by minimizing the amount you need to set aside for income taxes. While retirement accounts like a 401(k) are well-known tax-advantaged savings vehicles, they are generally intended for long-term savings, and early withdrawals can incur penalties. If you’re saving […]
Understanding Joint Home Ownership and Its Tax Implications Home ownership comes with a variety of tax benefits, including deductions for mortgage interest, property taxes, and even credits for energy-efficient home improvements. But what happens when you share ownership of a home with a spouse, partner, or roommate? Joint home ownership can make home ownership more […]
Maximizing Your Savings: The Benefits of a Savings Account When it comes to managing your finances, having a savings account is a smart move. While you could keep your money in a checking account or even under a mattress, a savings account offers numerous advantages that make it a better option for stashing cash for […]
Understanding and Improving Your Savings Rate If you’re saving for a financial goal like an emergency fund or a down payment on a home, it helps to monitor your progress. Perhaps the best measure of how quickly you’re able to put money away is your savings rate: the percentage of income you set aside in […]
How to Save for Your Child’s College Education: A Comprehensive Guide When it comes to saving for your child’s college education, there are no one-size-fits-all solutions. The amount you should save depends on your budget, how much of your child’s expenses you want to cover, and where you anticipate they’ll attend school. Here at O1ne […]
Protecting Yourself from Identity Theft: Essential Steps to Take Every year, identity theft affects millions of Americans, leading to billions of dollars in losses. Beyond the financial impact, victims often face significant anxiety, hassle, and loss of valuable time. The best defense against identity theft is prevention, but if you or a loved one falls […]
Understanding Dividend Stocks: Pros, Cons, and Alternatives Dividend stocks can be an attractive option for investors seeking regular payouts. However, they come with their own set of risks and downsides. In this blog, we will explore what dividend stocks are, reasons to be cautious about them, and some viable alternatives to consider for a diversified […]
Understanding the Flex Modification Program: A Lifeline for Homeowners If you’re facing financial hardship and struggling to make your monthly mortgage payment, a mortgage modification may make your home loan more affordable and help you avoid foreclosure. Loan modifications date as far back as the 1930s, when they helped stabilize the housing market during the […]
Understanding and Managing Financial Stress: A Comprehensive Guide If the state of your finances is keeping you up at night, you’re far from alone. Study after study reveals that money problems aren’t just annoying—they cause major stress that, if not dealt with, can lead to serious mental, emotional, and physical problems. Here’s what you need […]
