An investment property can be a steppingstone to a brighter financial future. However, itâs important to know that youâll need to make a larger down payment than you do when buying a home to live in. Learn more about how much you need for a down payment when buying an investment property and strategies for … Read more
Private mortgage insurance (PMI) is an additional cost many homeowners pay as part of their mortgage if they put down less than 20% as a down payment. PMI protects the lender in case the borrower defaults on the loan. As a homeowner, paying PMI means spending potentially hundreds of dollars extra per month. Naturally, most … Read more
You may be able to save time and money with the debt avalanche method. This means paying off your debt with the highest interest rate first. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to … Read more
These cards can be a smart financial move for those who manage their budget and payments carefully but can become a costly affair for consumers who carry revolving balances or who frequently incur additional fees Lifetime-free credit cards are highly promoted as a cheap source of credit with neither annual nor joining fees. Although they … Read more
If youâre trying to figure out which credit score is most accurate, then you already know there are multiple scores out there. But one credit score isnât necessarily more accurate than another. Itâs more complicated than that. Find out what factors make for good credit scores, how credit bureaus and credit-scoring companies fit in, and … Read more
Paying off the mortgage after 30 years was a rite of passage for Americans approaching retirement age, but this once-common scenario is no longer the norm. According to research from Fannie Maes Economic and Strategic Research Group, baby boomers, those born between 1946 and 1965, are carrying more mortgage debt than earlier generations and are … Read more
After someone dies, notify the government programs and businesses they used. Cancel benefits payments and close or transfer accounts. The death of a loved one is always difficult In the midst of grief, there are also many details to attend to. One of those details involves notifying certain government agencies and financial institutions of the … Read more
Youâve finally sold your house and are happy with the deal. Understandably, your next question is: When do I get the money after closing? It usually takes a few days to receive your money, but it can vary based on the closing process and how you choose to be paid. Paying off your mortgage is … Read more
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Whether it helps you qualify for a new credit card or secure the best interest rate on your mortgage, your credit score has a big impact on your finances. While there are a few different types of credit scores, the one youâre most likely familiar with (and the one thatâs most widely used) is the … Read more