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Bitcoin 101

Over the past year, Bitcoin, a new alternative virtual currency was in the news almost every week. Since its creation in 2009, Bitcoin use has grown exponentially. It now has a presence in nearly every country in the world. Mainstream businesses including Overstock.com and Microsoft have also begun to accept Bitcoin for ordinary transactions.

1. What is Bitcoin?

Bitcoin is a virtual currency that exists on the Internet. Just like the Dollar or the Euro, one can use it to buy goods and services or exchange it for real-world currencies. Some also hold Bitcoins solely as an investment.

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APPLYING FOR/REFINANCING A MORTGAGE? Be prepared. The approval process continues to evolve….

It is that time of the year here in Central New York where home buying activity typically picks up. Whether you are interested in getting a mortgage to purchase a new house or in refinancing an existing mortgage take a deep breath – the mortgage approval process continues to evolve and appears to be getting a little more complicated.

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