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 […]
Understanding the Differences Between 401(k) and IRA: A Comprehensive Guide When it comes to saving for retirement, two of the most popular options are individual retirement accounts (IRAs) and 401(k) plans. Both of these retirement tools offer significant tax advantages and are relatively easy to set up. However, there are key differences between the two […]
Understanding NOW Accounts: A Comprehensive Guide First introduced in the U.S. in 1972 and rolled out nationwide in 1980, a negotiable order of withdrawal (NOW) account is an interest-earning bank account, similar to a checking account. These accounts are available only to individuals, some government organizations, and certain nonprofit organizations. However, NOW accounts began falling […]
Understanding the MOVEit Data Breach and How to Protect Yourself In today’s digital age, data breaches have become an unfortunate reality for many U.S. businesses and consumers. According to a study by Experian and the Ponemon Institute, nearly half of the organizations surveyed experienced a ransomware attack in 2021, with the average ransom paid exceeding […]
Understanding Medical Credit Cards: Risks and Alternatives At O1ne Mortgage, we prioritize consumer education on credit and finance. We aim to provide you with the best information to make informed decisions. If you have any mortgage service needs, feel free to call us at 213-732-3074. In this blog, we will explore the concept of medical […]
Boost Your Credit Score with Experian Boost: A Comprehensive Guide At O1ne Mortgage, we understand the importance of maintaining a healthy credit score. Whether you’re looking to buy a new home or refinance your current mortgage, a good credit score can make all the difference. One innovative tool that can help you improve your credit […]
Boost Your Retirement Savings: Essential Strategies for a Secure Future A TD Ameritrade survey found that 58% of Americans grade their retirement savings at a C or lower. If that sounds familiar, don’t be too hard on yourself. Saving for retirement can be challenging for many, especially when you need your money to cover other […]
Understanding the Financial Priorities of Millennials and Gen Z: A Deep Dive In today’s fast-paced world, financial priorities can be a juggling act, especially for millennials and Generation Z. With the myriad of challenges they face, retirement savings often take a backseat. A recent survey by Experian sheds light on the financial habits and concerns […]
