If you’re like many homeowners, a sizable percentage of your budget goes toward your home loan each month. A mortgage refinance could help make those payments more manageable by lowering your interest rate, changing your loan term, or eliminating mortgage insurance. You could also tap your home equity with a cash-out refinance, which lets you … Read more
Savers who want to earn the most interest on their money should look at the best high-yield savings accounts. With interest rates on the rise, savers are earning higher rates in HYSA than they have in more than a decade. These accounts offer the functionality of traditional savings accounts but receive a much higher interest … Read more
Certain alternative investments—such as hedge funds, private equity, and venture capital—aren’t available to anyone with an investment account. This is because they’re generally not registered with the U.S. Securities and Exchange Commission (SEC). If you’d like to invest in these things, you’ll likely need accredited investor status first. However, you can’t just sign up to … Read more
A home mortgage is one of the biggest loans that most people will ever take out, allowing them to buy a home with a repayment term that can last multiple decades. Because a mortgage (and its terms) will likely follow you for many years to come, it’s important to choose the right lender from the … Read more
Installment loans are funds that you borrow and repay in equal parts over a set period of time. If your credit is less than perfect, an installment loan may be more affordable and pose less risk than other loans, such as payday loans. How installment loans work An installment loan is a fixed sum of … Read more
Buying a home is a long-term commitment. Since you’ll be working with your mortgage lender for years to come, putting in the work to find the best mortgage lender at the beginning of your search can pay off. Though most of the mortgage process is the same with any lender, shopping around can help you … Read more
Sometimes, payday just doesn’t come soon enough—and while you may not want to take out a whole loan, you could use a little extra money to float you through the interim. Cash advance apps make it possible to access relatively small portions of your own pay ahead of time: Users borrow money, usually on the … Read more
Personal loans could be a wise option if you need to borrow to pay for a large expense or to cover a financial emergency. A personal loan lets you access a lump sum of cash that you can use to cover anything from medical bills to debt consolidation to home repairs. However, not all personal … Read more
Having a bank account can make your financial life easier. When you need to open one, you’ve got options, including checking, savings, money market, and certificate of deposit (CD) accounts. You also have a choice of financial institutions, including a traditional brick-and-mortar bank or credit union or an online financial institution.. To set up any … Read more
Mobile banking is a necessity for many consumers. What used to be novel is now the norm, with most banks and credit unions offering an app that allows customers to monitor their finances from their mobile devices. In 2019 the Federal Deposit Insurance Corporation (FDIC) conducted a survey, How America Banks: Household Use of Banking … Read more