Overdraft protection is a type of loan offered by a financial institution that ensures that your transactions clear, even if there aren’t enough funds in the account. This is done by linking two accounts. Your financial institution will automatically transfer funds from one account to cover the overdraw of funds in the other. This safety net will allow the transaction to go through up to a set amount but will result in an overdraft transfer fee.
A mortgage preapproval is the process that lenders utilize to determine how much money you can qualify for on a mortgage loan. If you qualify for a preapproval, you’ll receive a preapproval letter that can be used as you search for and buy your new home.
Refinancing your mortgage can be a great way to save money on your payment, take advantage of great interest rates, or to free up some extra cash. But how long will it take? We're here to help walk you through the process and any potential delays throughout.
