Mark Evitt

Culver City

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Articles

Today's 20-Year Fixed Mortgage Rates

4 days ago | money.usnews.com | Austin Cole |Adriana Ocanas |Mark Evitt |Gina Freeman

National Average Mortgage RatesRates data is based on a borrower with good credit, a conforming loan amount (at least $200,000 but less than the national conforming loan amount), and a loan-to-value ratio of less than 80% (For purchase loans, this corresponds to a down payment of 20% or more). © Zillow, Inc., 2006-2016.
These Fintechs Are Revolutionizing Small-Business Lending

1 week ago | money.usnews.com | Dawn Papandrea |Colin Hogan |Mark Evitt

Getty ImagesFintechs are reimagining small business lending by cutting through red tape and reducing traditional lending restrictions. Key Takeaways Many small businesses face hurdles when they seek traditional financing, such as credit or longevity requirements. Fintechs are using technology to assess business borrowers and make lending more accessible. Small-business banking fintechs offer unique products tailored to fit different business sizes and capital needs.
How to Set Up Direct Deposit at Your Bank

1 week ago | usnews.com | John Egan |Sebastian Oliveira |Mark Evitt

Key Takeaways Direct deposit is a type of electronic money transfer that automatically sends funds from a payer to your bank account. You can set up direct deposit with an employer or government entity by obtaining, completing and submitting a direct deposit authorization form. Direct deposit provides quick access to funds and less risk of theft or loss than paper checks.
Read This Before Cashing in a Savings Bond

4 weeks ago | usnews.com | Greg Garrison |Sebastian Oliveira |Mark Evitt

Key Takeaways Electronic Series EE and Series I savings bonds earn interest for 30 years, but are redeemable after 12 months. You can redeem paper savings bonds through the U.S. Treasury Department or at a financial institution. Most banks only cash paper savings bonds for existing customers, and some won't cash them at all. Savings bonds can be a great way to diversify your finances and protect your money from market risk, or you might have received one as a gift.
Pick Up the Phone to Get Your Bank Fees Waived

1 month ago | usnews.com | Jessica Merritt |Colin Hogan |Mark Evitt

Key Takeaways Banks may waive common fees such as overdraft or maintenance fees upon request. You're more likely to get a fee waived if you have a long-standing relationship, higher balances or multiple accounts. Asking politely and providing context can help you get fees reversed. Banks charge fees for a variety of activities and services, but sometimes they are negotiable.
7 Pesky Bank Fees and How to Avoid Them

1 month ago | usnews.com | Casey Bond |Sebastian Oliveira |Mark Evitt

Key Takeaways Banks charge a variety of fees, which can eat into your savings if you aren't careful. When shopping around for a new bank account, it's important to know what fees the bank charges. Before opening a bank account, be sure you're aware of the requirements for avoiding or waiving fees. Bank fees can be pricey, and can catch you off guard when you can least afford them. Incurring a bank fee every now and then might seem insignificant, but over time these charges can add up.
The Ins and Outs of Overdraft Protection

1 month ago | usnews.com | Austin Cole |Sebastian Oliveira |Mark Evitt

Key Takeaways An overdraft happens when you try to use more money than you have in your checking account. You may incur a fee for overdrafting. Overdraft protection allows you to avoid an overdraft fee by pulling funds from a savings account or line of credit to cover the negative balance. Setting up low balance alerts could help you avoid overdraft incidents and keep you from relying on overdraft protection.
Why You Should Consider a Hybrid Bank Account

1 month ago | usnews.com | Jessica Merritt |Colin Hogan |Mark Evitt

Key Takeaways You can have flexibility and still earn significant interest with a hybrid bank account. Hybrid options include money market accounts and high-yield checking accounts. Earning the highest APYs might come with requirements such as a minimum balance or setting up direct deposit. Hybrid bank accounts are flexible, offering the convenience of a checking account and the earning power of a savings account. You can use a hybrid account to help your money grow without locking it away.
Do This First If Your Bank Closes Your Account

1 month ago | usnews.com | Jessica Merritt |Colin Hogan |Mark Evitt

Key Takeaways Banks close customer accounts for various reasons, including negative balances and policy violations. Funds may be withheld temporarily if a court order or investigation is involved. Contact the bank right away after an account closure to settle your balance. A surprise bank account closure can be a major financial disruption. Whether your account was closed due to unpaid fees, suspected fraud or account inactivity, you can take action to keep your finances on track.
Chase vs. Bank of America: Which Bank Is Best for You?

1 month ago | usnews.com | John Egan |Sebastian Oliveira |Mark Evitt

Key Takeaways Chase and Bank of America are the two biggest banks in the United States. Chase requires no minimum deposit for checking or savings and has more branch locations. Bank of America may offer better APYs for CDs and more access to wire transfers. While big banks tend to offer a lot of similar products, they have important differences that you can use to determine which one is right for you.