What is compounding interest? An intro to interest is the money your financial institution pays you to store your money in a savings or retirement account. There are two types: simple and compound.
Similar to your physical health, your financial health can improve by taking small steps towards your goals. In other words, you don’t have to have a large sum of money to invest, so long as you are making progress.
What is a loan-to-value ratio? A loan-to-value (LTV) ratio is an expression of the amount of your loan as a total percentage of the value of the purchased asset. Check out our handy infographic in this article.
