Key takeaways Construction loans are short-term loans that you can use to build a home. Some construction loans can be converted to mortgages after your home is finished. Construction loans typically have tougher criteria and higher interest rates than conventional mortgages for existing homes. If you can’t find the right…
An annuity can provide you with a steady stream of income, ensuring that you have money when you need it. That’s why many people turn to annuities during retirement, to be sure that they have cash flow when they’re no longer working. If you’re looking to buy an annuity, you’ll…
Key takeaways Zombie debt refers to old or expired debts you’ve either forgotten about or never knew about that debt collectors try to resurrect and collect. The most common types of zombie debt include discharged or settled debts, time-barred debt (debt that is past the statute of limitations for collecting),…
Key takeaways If you file for Chapter 7 bankruptcy, you may be able to keep your home, especially if you have a relatively low amount of equity. If you file for Chapter 13 bankruptcy, you’re more likely to keep your home, provided you can make any missed payments along with…
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Washington is abuzz over whether Congress will address President-elect Donald Trump’s ambitious policy agenda in one bill or two. But…
TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
Millions of student loan borrowers face an uncertain future as a second Trump administration prepares to return to Washington. But…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
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It was a close call for a dog named Max when fire raged through his Altadena neighborhood. The brindle-coated Corso mix hid, huddled and scared, under some bushes in his yard as the Eaton fire ravaged his street. Firefighters and photojournalists in the area could…
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Key takeaways Credit repair is a term used to describe the process of restoring your credit rating. You can hire a credit repair…
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Thanks to more than a decade of Dodd-Frank and Basel III regulations, the Trump administration inherits a well-capitalized and liquid banking system. Squandering…
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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…
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Richard Drury/ Getty Images; Illustration by Austin Courregé/Bankrate New year, new low in home equity rates. The $30,000 home equity line of credit (HELOC) plunged nine basis points to an average of 8.27 percent — its lowest level in a year and a half, according to Bankrate’s national survey of…
Kicking off the financial wellness series, it’s important to understand how crucial your credit report is to your financial wellness. Your credit report serves as a detailed record of your credit history, impacting everything from your ability to secure loans to the interest rates you’re offered. Yet, many people are…
seksan Mongkhonkhamsao/Getty Images An options chain is a valuable tool that helps options traders make quick decisions and displays a range of relevant information at one glance. If you’re trading options, you’ll need to know your way around the options chain and how to use it to quickly gain the information…
Bitcoin’s breathtaking 2024 performance and its rise above $100,000, has captured the world’s attention. Here’s why one card-carrying value investor is bullish on the volatile digital asset. By Taesik Yoon, Forbes Staff My first trip to Las Vegas is one I remember very fondly. I was only about a year…
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in your inbox here. As 2024 came to a close, it refused to go quietly. Two significant court challenges were introduced at the end of the year with the potential to…
If you’re eager to get started filing your taxes, the IRS is here for you: The tax agency is opening its Free File program — which offers free tax filing software to millions of eligible taxpayers — on Jan. 10 this year, before the start of the regular tax season…
Index funds are mutual funds or exchange-traded funds (ETFs) that have one simple goal: To mirror the market or a portion of it. For example, an S&P 500 index fund tracks the collective performance of the hundreds of companies in the S&P 500. If the S&P 500 is up 5…
Luis Alvarez / DigitalVision / Getty Images There are plenty of reasons why people love booking vacation homes on sites like Airbnb and Vrbo, including both charm and affordability. Fortunately, a number of travel credit cards offer rewards on vacation rentals beyond just hotel chains. Considering that 1 in 4…
Key takeaways The business loan agreement is the document that outlines everything about the loan and what is expected of you and the lender. The loan agreement includes various information, such as the loan amount, interest rate and fees and what happens if you default or break the agreement. Take…
Key takeaways Visa credit cards come in three categories: Traditional, Signature and Infinite, each offering a different range of benefits and perks, with Infinite offering the most extensive set. Infinite cards, while charging high annual fees, offer premium benefits such as return protection, purchase security, travel accident insurance, Gkobal Entry/TSA…
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