PurposeBank was founded on the belief that financial confidence and accessibility is a right that should be afforded to all. Our greater purpose is to build financial confidence in every individual, while leading the way for socially conscious banking.
September 5, 2024
A 401(k) plan is only as good as the money you contribute to it. That’s why, if your employer offers an auto-escalation plan, you should consider taking full advantage. Here’s what you should know about this savings-boosting tool.
August 29, 2024
According to a new report from Lincoln Financial Group, your golden years might be marred by regret about one thing: saving.
The new study of more than 1,400 retirees found that a vast majority wished they had started their retirement nest egg earlier and had contributed more to it than they did.
August 15, 2024
Do one thing: Thinking of buying a home in the next few years? Set up a meeting with a lender to get an idea of how much you’ll need to save to qualify for a mortgage. As for additional costs over and above the primary mortgage.
Mortgage insurance – sometimes called Private Mortgage Insurance, or PMI for short — may not be what you think it is, or cover what you think it should. So if you are in the market to buy a new home – or maybe in the next few years – it’s good to know how this form of protection could potentially impact your ability to get a loan and how much your monthly loan payments may be.
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