What is Amortization?
The financial industry has no shortage of specialized vocabulary. But things get even more confusing when a financial term has…
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What is Compound Interest?
Albert Einstein is rumored to have said, “Compound interest is the eighth wonder of the world. He who understands it,…
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Good Debt vs. Bad Debt: What’s the Difference?
A key part of financial wellness is keeping debt under control. Even though the word “debt” tends to carry a…
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Investing for Beginners: Three Ways to Invest Without Being a Financier
Contrary to popular belief, investing is not only for the ultra-wealthy. In fact, there are plenty of ways to start…
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What is a CDFI?
Until recently, Community Development Financial Institutions (CDFIs) didn’t find themselves in the spotlight often. But when the federal government allocated…
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Your Credit Report – How You Can Make a Difference
It is important to check your credit report regularly — even if you have a high credit score and don’t…
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Finance 101: Secured vs. Unsecured Loans
Applying for a loan presents a myriad of options. Different interest rates, term agreements and lenders all need to be…
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What is a Home Equity Line of Credit?
The financial industry needs more acronyms like Minnesota needs more snow. Unfortunately, the banking sector is filled with arcane abbreviations…
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Support The Local Economy With Sunrise Banks’ Impact Deposit Fund
There’s been a lot of emphasis on community development lately. Following the unrest caused by George Floyd’s tragic murder, organizations…
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Thinking About Buying a House During COVID-19? Here’s What You Should Know
The coronavirus has certainly disrupted the housing market. In Minnesota, sales slowed at the end of March Off Site Link…
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