loans Archives

Home Improvements with a HELOC

Posted on December 4, 2021 (December 31, 2021) by Kristin Gray

With more and more people working from home, people are looking to upgrade their offices or convert a garage or an unfinished basement into a useable space away from the family to get their work done. While it may be tempting to pull out a credit card during a home renovation to get those wonderful […]

What does Prime Rate mean?

Posted on October 31, 2019 (April 10, 2020) by Kristin Gray

Q: What is the prime rate and why does it matter? A: The prime rate, or prime, is the current interest rate that financial institutions in the U.S. charge their best customers. How is the prime rate determined? The Federal Reserve System, which is the central bank of the United States, sets the federal funds […]