Your adjusted gross income (AGI) is your total (gross) income from all sources minus certain adjustments listed on Schedule 1 of Form 1040. Your AGI is calculated before you take your standard or itemized deduction on Form 1040. Your modified adjusted gross income (MAGI) is your adjusted gross income with some of those adjustments added … Read more
The world of finance has evolved significantly over the years, with digital transactions becoming the norm for many. One question that often arises among homeowners is, can I pay my mortgage with a debit card? This article delves into the details, exploring the intricacies of mortgage payments and the current trends in payment methods, ultimately … Read more
A registered charge is like a flag on your property, showing it’s used as collateral for a debt or a loan. In this article, we’ll explain what registered charges are, how they work, and why they matter to property owners and lenders. Having a charge placed on your property without your knowledge can be a … Read more
Selecting the best card means considering your needs and choosing one worth your investment. Two options available to HFS Federal Credit Union members are the Visa Platinum® and Visa Signature® credit cards. Both offer great features and outstanding terms and conditions, but looking deeper into their rewards programs, interest rates, and associated fees helps determine … Read more
With news reports of home prices seemingly always on the rise and interest rates sticking stubbornly at elevated levels, it can be easy to see the challenge to buying a house in the current market. But you’ve landed here because you’re asking yourself, “How much house can I afford on a $120K salary?” We have … Read more
Buying a home is a big step, and if you have a 550 credit score, you might be wondering if it’s even possible. The good news is, yes, you can buy a home with a low credit score, but it might require a bit of extra work. You’ll need to explore different loan programs, find … Read more
If youve ever checked your credit score and wondered what it takes to reach a perfect 850, youre not alone. An 850 FICO® Score is the holy grail of creditworthiness, but what does it actually mean and does it even matter? While hitting 850 is an impressive milestone, you dont need a perfect score to … Read more
Loan forbearance can be a great relief during times of struggle and need, but as with any agreement, it is important to understand what is forbearance as well as the difference between deferment vs. forbearance. Throughout our lives we are likely to experience unsettling times, whether theyre due to global or national economic issues, personal … Read more
Using credit cards for purchases is a common practice. Though there are benefits to using credit cards, it’s important to also understand the dangers of credit cards so that you can take the proper steps to protect your financial future. The feeling that you have more money than you do – and the temptation to … Read more
Is A Husband Responsible For His Wife’s Medical Bills? When a wife incurs medical expenses, it often leads to the question – is the husband responsible for paying those bills? The answer is complicated and depends on several factors like marital status, state laws, insurance coverage, and income levels. This article provides a detailed look … Read more