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Debit Card vs Credit Card - Difference and Comparison | Diffen

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What Are Debit Cards?

A debit card is always tied to a checking account, so they are also sometimes known as "checking cards." Any time you use a debit card to buy something, money is deducted from your account -- usually on the same day, if not immediately. For example, if you have $1,000 in an account and spend $30 using a debit card, $30 is removed from the checking account,...

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Date: 2017-01-31 18:37:02

Related topics : loan vs credit card / loan credit card pay off / business loan credit card processing / business loan credit card / loan credit card debt

Conventional Loan vs FHA Loan - Difference and Comparison ...

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What is a Conventional Loan?

Conventional loans are not guaranteed by any government agency but generally comply with the guidelines set by Fannie Mae and Freddie Mac . After a lender loans money to a borrower who wants to buy a home , the lender usually sells the loan to either Fannie Mae or Freddie Mac. Because of this, lenders must ensure that borrowers meet Fannie and Freddie's...

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Date: 2016-04-28 02:05:30

Related topics : credit union mortgage loan requirements / mortgage loan fha / refinancing home loan mortgage insurance / fha home loan / credit loan mortgage score