Did you receive a notification from PNC?
You may have received a letter from PNC regarding changes to mortgage processing with EarnUp. There is no need to worry and you do not need to do anything. The letter from PNC contained inaccuracies. EarnUp can and will continue to make your ...
How do ACH bank transfers work?
ACH stands for Automated Clearing House, a U.S. financial network used for electronic payments and money transfers. Also known as “direct payments,” ACH payments are a way to transfer money from one bank account to another without using paper checks, ...
Are payments or debits completed on banking holidays ?
ACH transfers, check payments, and debits are not completed on bank holidays. If a payment or a debit is scheduled on a banking holiday, the processing date will be delayed until the next business day.
What is amortization and how does it work?
Amortization is the process of spreading out a loan into a series of fixed payments. The loan is paid off at the end of the payment schedule. The best way to understand amortization is by reviewing an amortization table. If you have a mortgage, the ...
What is the difference between interest rate and Annual Percentage Rate (APR)?
APR is the annual cost of a loan to a borrower — including fees. Like an interest rate, the APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees such as mortgage insurance, most closing costs, discount ...