Have you ever wondered what the information on your credit report means or how your credit score is determined? Do you know the factors that go into establishing your mortgage costs? Have you thought about which savings vehicles are available and which ones are right for you? MidWestOne is proud to present a resource which will help you learn more about your money so you can make smarter financial decisions.
Introducing The MidWestOne Academy – a free and confidential online tool which offers an interactive learning experience to help you prepare for your financial future. The MidWestOne Academy guides you through four learning modules that you can complete at your own pace.
When you know more about your money, you feel more confident about the choices you make.
Credit Scores and Reports
Understanding credit can be overwhelming and stressful. Learn more about credit scores, credit reports and how you can protect your credit score. You will learn that credit scores are mostly determined by several elements that combine to create your score. Discover how you can interpret all of the information on a credit report. And, find ways to improve your credit score so you can have more flexibility with your finances.
Savings and Investments
There is more to saving than putting your money inside a ceramic pig. In this module, you’ll explore options for saving your money, the types of investments available to help your money grow, and retirement plans to consider so you can live a little more comfortably after you retire. Watch segments on how compound interest can help your savings, what the Rule of 72 is and how it applies to you, how to build a portfolio which makes the most sense for you, and the difference between common retirement plans.
If you’ve ever wondered if home ownership is right for you, this module will help you answer that question. This section guides you through the types of mortgages and loans which may be available to you, mortgage costs and refinancing strategies. You will learn about the benefits and challenges of owning a home. Learn about Fixed Rate, Adjustable Rate and Hybrid Rate Loans. And, you will uncover the reasons why refinancing may be a smart move for you.
Insurance and Taxes
While insurance and taxes may not be the most interesting topics to discuss, this module gives you a better view of how they impact your finances. Learn about the common types of insurance, the different types of taxes, and the standard tax forms you may experience each year. You will see how insurance can protect you in areas important to you. Discover the differences between insurance premiums and insurance deductibles. You will also gain more insight on W-2, W-4, 1040 and 1099 forms.
After completing the course, you will receive a certificate you can print to show your completion of The MidWestOne Academy. This education and information is a service we are excited to share with you. We believe it will help you feel more assured in your financial decisions.
If you would like to learn more about the information contained in any of the modules of The MidWestOne Academy, please contact MidWestOne. We’d be happy to help!