If you have a large sum of cash burning a hole in your pocket and are looking for lower mortgage payments, consider asking your lender for a mortgage recast. A mortgage recast is a way to change how much you pay monthly without refinancing your mortgage. The lender will apply your extra funds to your … Read more
Buying a home is likely the biggest purchase you’ll ever make After going through the lengthy process of getting a mortgage approved, securing a home, and finalizing all the closing paperwork, you can finally call yourself a homeowner! But now what? Can you go back to using your credit cards like normal? Or do you … Read more
Paying your card balance in full keeps interest and debt at bay, but choosing to pay over time can afford financial flexibility when paying off major purchases. Spending isn’t static. Our lives – and the economy – are constantly changing. Frustratingly, a necessary purchase may come along when money’s tight. And even when money isn’t … Read more
Our Financial Review Board is composed of seasoned professionals and accomplished experts in various fields of financial services and technology, banking, and investment. They bring years of hands-on experience and a depth of understanding that ensures the content we produce is not just accurate, but also relevant, actionable, and trustworthy. If you’ve ever applied for … Read more
If you’re looking to refinance—or in some cases buy a new home—a 10-year mortgage might be a good option for you. Here are the current 10-year mortgage rates and how you can find the right lender. Taking out a mortgage is a big financial decision that requires careful consideration While 30-year mortgages are the most … Read more
Many couples marry and decide to intertwine their finances along with the rest of their lives. For most couples, opening joint bank accounts and buying a car or home together is the norm. However, even after decades of living together and leading similar financial lives, spouses may find out their credit scores are different. There … Read more
Using a credit card responsibly helps you build credit and can be beneficial to your financial health in the long term. Having good credit strengthens credit card and loan applications, and will improve the rates you’re offered on mortgages, car loans, and other types of borrowing. Getting a new credit card takes several steps, but … Read more
The recent Amazon-Visa spat wont hinder cardholders in the U.S. as they go about their holiday shopping — but there still could be some fallout later. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does … Read more
If you apply for a loan and get denied, understanding the reason for the denial can help you determine your next steps and how to improve your odds of approval next time. If youve recently been denied a loan, youre not alone. Understanding the reasons why your loan was denied can help you determine your … Read more
Settling debt for less than the amount you owe can feel like a financial victory. However, the IRS often treats forgiven debt as taxable income, potentially leaving you with an unexpected tax burden. This article provides a comprehensive guide to avoiding or minimizing taxes on debt settlement and leveraging IRS rules, as well as highlighting … Read more