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When saving money for the future, be it a deposit for a house , creating an emergency fund , or getting ready for retirement , choosing the correct savings account for your situation is an important decision.

Peeling back the paint and discovering that your house has many, many, many more issues than you bargained for can be a real shock. What do you do when your dream home turns into your own personal nightmare? Is a so-called “money pit” worth fixing? Or is it better to throw in the towel? Sophia Zaromitidis, Vice President and Lending Leader with First Merchants Bank (NMLS: 1166087), says there can be a light at the end of the tunnel for blindsided homeowners. First, take a moment to process your discovery – whether it’s a cracked foundation, plumbing and electrical replacement, or a sagging ceiling. Try to focus on remaining calm, and, most importantly, don’t give up hope just yet.

You’ve probably heard about how a Certificate of Deposit – or CD – can help you save money. But what’s the optimal time to open a CD, and when can you benefit most from these super-saver accounts?

t’s finally happening – your child is all grown up. They just walked across stage to receive their high school diploma, and, in the fall, they’ll begin a new adventure as they enter college. It’s a big life change – for you, and for them – and a smooth transition requires a bit of preparation.

The housing market and mortgage process can be a complicated one for first-time home buyers. In addition to high financial stakes, the homebuying process is full of strict timelines, jargon, and acronyms.