Household income cannot exceed $135,120 (for one to two people) or $157,640 (for three or more people) Must attend an eight-hour homebuyer education seminar Must occupy the property as a primary residence Purchase price cannot exceed $679,847 (non-target areas) or $830,924 (target areas) Home must be in an eligible area…
Kevin Dietsch/Getty Images President Donald Trump’s Small Business Administration (SBA)’s nominee for administrator, Kelly Loeffler, was voted in 52-46 by the Senate on Feb. 20, making her the head of an administration that sees over $50 billion in loans, disaster relief, surety bonds and other forms of funding for small…
Key takeaways You can find equipment loans from traditional banks, online lenders and even equipment manufacturers in some cases SBA 504 loans are an option if you’re looking to apply for an SBA loan for an equipment purchase If you can’t get approved for an equipment loan or need an…
Homeowners insurance is a no-brainer for people who purchase a property. In fact, if you finance a home, your lender will likely make it a condition of loan approval. But what about renters? You may or may not be required by a landlord to have similar coverage. Even if your…
Trending
Spotlight This Week
More Articles
Personal Finance
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
The Covid pandemic crushed immigration and demand for Nova Credit’s tech. Then its founder discovered a second line of business.…
A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than…
Featured Articles
Credit Sesame explains why credit in 2025 matters more than ever, how emerging financial trends impact your score, and what you can do to stay ahead in a changing credit landscape. The evolving role of credit in 2025 Credit in 2025 is more than just…
Dept Managmnt
Key takeaways Governments often borrow money to cover deficits when taxes and other revenues don’t cover expenses. The national debt is the total…
Banking
F or private financial technology companies, last year was a quiet one for fundraising. Fintechs raised $34 billion in 2024, down from $42…
Credit Cards
Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
All News
A profit-sharing plan is a defined contribution retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the company’s payroll, with the firm’s employees. The employer can decide how much to set aside each year, and any size employer…
When Florida resident Anna Cadieux moved into her Orlando home, she knew her roof had only a couple of years left. After it sustained hail damage, Cadieux filed an insurance claim for a new roof, which her insurer fulfilled after some back and forth. Then, she was dropped. “We all…
Integrity Pictures Inc/Getty Images Key takeaways Best Egg is best if you have excellent credit and seek a smaller loan with shorter repayment terms to save on interest. LightStream is worth consider if you’re looking to cover the cost of home renovations or consolidate high-interest debt. Compare fees, terms and…
If you received a windfall from a loved one, you may wonder whether you need to pay an inheritance tax on your distribution. “An inheritance tax is often used synonymously with estate tax. There’s a big difference. Estate tax applies to the entire estate of the deceased. Inheritance tax applies…
Key takeaways Business checking accounts offer tools like payroll processing, merchant services, fraud prevention and multi-user access. Keeping your business and personal finances separate can simplify bookkeeping, tax reporting and financial management while safeguarding your personal assets. Opening a business account may involve providing additional documentation, such as a Certificate…
If you’re struggling to keep up with your credit card bills and feel like your debt is growing faster than you can pay it off, you’re not alone. Millions of Americans face the burden of high-interest revolving debt, making it difficult to regain financial stability. The good news? American Consumer…
Depending on your tax situation, you may have several forms to keep track of come filing time. But if you’re employed by a company or organization that pays you a salary or wages, there’s one form that will be key to completing your tax return: Form W-2, also known as…
FreshSplash/ E+/ Getty Images Key takeaways Your year-end credit card summary has a lot of useful information about your spending habits and debt accumulation from the past year. By going through these reports, you can find trends in your spending and come up with a better way to save money…
Teachers do a great deal of work outside of school to create functional, fun and fascinating classroom environments. But, along with hours of planning comes a lot of spending to bring those ideas to life — and more often than not, teachers pay out of their own pockets. Luckily, there…
Bank runs were featured prominently in the news following the high-profile failures of Silicon Valley Bank (SVB) and Signature Bank in March 2023, the second and third largest bank collapses in U.S. history. News coverage regarding the troubled banks prior to their being seized by regulators led to panic among…
Editor's Pick
