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 […]
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 […]
