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Finance

Why Does My Mortgage Payment Keep Going Up?

When you get a mortgage, it might be natural to assume you’ll have a set monthly payment that will never change for as long as you’re paying back your lender. While this may be the case until you finally pay down your mortgage and the home is completely yours, it’s very likely that your monthly … Read more

What Happens If You Pay Off Principal Before Interest?

A loan’s principal balance is generally the amount you initially borrowed. Making extra principal-only payments can decrease how much interest accrues on your loan and how long it takes you to pay off the debt. A principal payment is a loan payment that goes toward a loans principal balance. Generally, the principal is the amount … Read more

Can Banks Check Your Accounts at Other Banks?

“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more

What is the 15/3 Rule for Credit Cards?

The supposedly secret trick does not build your credit scores, despite what you may have heard. But there are some concrete steps you can take. 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 not … Read more