Key takeaways Refinancing a rental typically has more stringent financial requirements than refinancing a primary residence. Refinancing a rental property can allow you to change the mortgage term, rate or both, or take out equity for financial needs. Refinancing isn’t just for a primary residence. If you have a mortgage…
Key takeaways Credit default swaps are a financial derivative that large investors may use to insure their bond investments against default. CDS were right at the center of the 2007-2008 financial crisis, as many investors bought them to profit on the decline in debt securities. Credit default swaps (CDS) are…
Key takeaways Debt relief programs aim to help borrowers get their debt under control. Some programs can be implemented on your own, while others require the help of professionals. Nonprofit agencies may be able to help you without charging as heavy of a fee as a for-profit company. If your…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates rose slightly this week, with the 30-year fixed rate averaging 6.78 percent, up from 6.76 percent the previous week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Halfpoint Images/GettyImages If you operate a business or plan to open one soon, you’ve likely heard the term EIN. But what is an EIN, or employer identification number, and do you need one? In short, EINs are used by the IRS to identify businesses and…
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Key takeaways Debt consolidation may allow you to repay your debt faster and at a lower cost, simplifying your finances. The upfront costs…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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Key takeaways There are four options for selling a used car: trade-ins, private sales, selling through a dealership and using car-buying websites. Before selling, gather all necessary paperwork, clean the car and determine its value through sources like Kelley Blue Book or Edmunds. When selling to a private party, ensure…
XRP, created by Ripple, has gained significant traction in the cryptocurrency market due to its speed, efficiency and use in cross-border payments. Unlike Bitcoin, which primarily serves as a store of value, XRP was designed to facilitate quick and cost-effective transactions. Here’s everything you need to know about what XRP…
Key takeaways You should include your title loan in a bankruptcy filing, but the debt is unlikely to be discharged. How car title loans are addressed through bankruptcy is dependent on whether you pursue Chapter 7 or Chapter 13 bankruptcy. Consulting a bankruptcy attorney can help you sort through your…
Key takeaways There are four main types of cash back cards: flat-rate, fixed bonus categories, rotating bonus categories and cardholder’s choice categories. It’s important to choose a cash back card with a rewards structure that aligns with your spending patterns. Compare annual fees, sign-up bonuses, card benefits…
Image & Illustration by Bankrate Gold has been a hot commodity in the past few years, as prices seem to soar ever higher. While those returns have been great for gold investors, whether they own the money in a taxable or a gold IRA, the gains have been heavily concentrated in…
MoMo Productions/Getty Images Key Takeaways A split direct deposit divides a portion of each of your paychecks between multiple bank accounts – typically a checking account and a savings account. By programming a certain amount to land in a savings account from every paycheck, you can train yourself to live…
Bloom Productions/Getty Images Key takeaways Most business loans require all owners with at least a 20 percent ownership stake to sign for the business loan. If one or more business owners have bad or fair credit, you may have to apply for a bad credit business loan, though you could…
Key takeaways The Capital One Quicksilver Cash Rewards Credit Card earns 1.5 percent cash back on every purchase, which keeps your rewards earning simple and can be lucrative. The card doesn’t charge foreign transaction fees, so feel free to take it along when traveling abroad. To truly maximize…
Key takeaways Travel credit cards reward many different kinds of travel and offer varied redemption opportunities. You’ll earn points or miles for the purchases you make with a travel card. You’ll typically get the most value out of your earned rewards by redeeming toward travel in your issuer’s…
The stock market can feel like a roller coaster — thrilling on the way up and terrifying on the way down. If you’re staring at headlines predicting a crash, it’s natural to worry about your portfolio. After all, no one wants to see their hard-earned retirement savings evaporate overnight. You…
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