What Is A Deed Of Reconveyance?

Mortgage

lillisphotography/Getty Images Key takeaways A deed of reconveyance, also known as a satisfaction of mortgage, is a document that proves you’ve paid off your mortgage. The deed of reconveyance releases the lien the mortgage lender placed on your property. You’ll need this document to prove a clear title when you…

CDs Vs. Share Certificates: What’s The Difference?

Mortgage

Key takeaways CDs and share certificates both earn guaranteed returns over a set period. CDs are offered by banks and pay interest; share certificates are offered by credit unions and pay dividends. Both are federally insured up to $250,000 per depositor (FDIC for CDs, NCUA for share certificates). Credit unions…

Wells Fargo moves wealth management headquarters to West Palm Beach

Markets

Another major financial giant is planting its flag in Florida. Wells Fargo confirmed to Fox News Digital that it is moving its wealth management headquarters to West Palm Beach, underscoring a growing exodus of money and corporate influence from traditional financial hubs to low-tax, business-friendly states.The relocation makes Wells Fargo…

Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons

Mortgage

Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar counterparts. If you need to deposit cash regularly, you’ll likely want the convenience of a brick-and-mortar bank’s ATM network as many online banks don’t accept cash deposits. Large brick-and-mortar banks…