Mutual Funds/ETF's
A combination of funds from different people invested in various stocks and bonds.
What is a mutual fund?
What is a Credit Card.
A loan specifically for acquiring real estate, typically for a home.
What is a Mortgage?
A financial barrier to protect against potential future losses.
What is Insurance?
The act of investing in various sources to avoid losing all funds on one source.
What is Diversification?
Gaining a higher or lower score in this measure can determine your ability to make large purchases like cars, houses, etc.
What is Credit Score.
A mortgage where the interest rate changes periodically based on the conditions of the housing market.
What is an Adjustable Rate Mortgage (ARM)?
The periodic payment by the insurance holder to continue insurance coverage.
A basket of securities that trade on an exchange, much like a stock.
What is an ETF?
Credit cards that require a possession to be put at stake as collateral.
What are Secured Credit Cards.
A type of insurance typically paid by mortgage holders who have less than 20% initial equity.
A type of insurance that provides financial gains to beneficiaries upon the insurance-holders death, typically held by people living with families in case of death.
What is Life Insurance?
A type of ETF that attempts to recreate the success of a past market rather than exceed it.
What is a Passive ETF.
The highest possible credit score achievable.
What is 850?
The first step of the mortgage process in which lenders evaluate your finances and how much you can borrow.
What is Pre-Approval?
What is a Deductible?