Open to condos, townhomes and manufactured homes Open to multi-family properties Doesn’t require repayment Can be used for down payment and closing costs Cons: Must buy a primary residence in Camden County, excluding Camden City, Tavistock Borough and Pine Valley Borough Have not owned a home within the last three…
Key takeaways If you take out an FHA loan, you’re required to pay FHA mortgage insurance premiums (MIP). FHA MIP includes an upfront premium, typically paid at closing, and annual premiums. The cost of the annual premiums depends on the amount of your loan, the size of your down payment…
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…
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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…
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Key takeaways A business line of credit gives companies a reusable form of credit that they can access whenever they need it Eligibility criteria for lines of credit can be more lenient than other types of business loans, making them an accessible form of funding…
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Key takeaways Governments often borrow money to cover deficits when taxes and other revenues don’t cover expenses. The national debt is the total…
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F or private financial technology companies, last year was a quiet one for fundraising. Fintechs raised $34 billion in 2024, down from $42…
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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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gesrey/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Working capital loans are short-term loans used for expenses like payroll, rent and utilities Working capital loans can come in many forms, including term loans, lines of credit, invoice financing and SBA loans Online lenders offer the fastest funding for working capital…
Key takeaways While it is possible to pay your mortgage with a credit card, the process can be complex, and many mortgage lenders do not accept credit card payments. If you choose to pay your mortgage with a credit card, options include exploring direct payments to your mortgage company (if…
If you’re changing jobs or have been laid off, chances are that your 401(k) account is the last thing on your mind. But it pays to include that money in your moving plans – even if you don’t deal with it right away. Fortunately, these workplace retirement accounts are designed…
The U.S. economy just recorded inflation of 3 percent in January, continuing a rise that began in September, when inflation bottomed at 2.4 percent. The rise in prices now has some economists questioning whether the Federal Reserve will lower interest rates this year, as it had been expected to do.…
Elite athletes don’t just train harder — they train smarter. Small adjustments to form, recovery time and nutrition can create significant improvements in performance. The same principle applies to budgeting. Once you’ve established solid money habits, the next step isn’t just maintaining them — it’s optimizing them for better results.…
Key takeaways Flashy investments can be a bad deal for individual investors, but there are often warning signs accompanying a bad investment. Investors should research and learn about each opportunity before committing any money. Consider working with a fee-only, fiduciary financial advisor to develop an investment plan that aligns with…
Key takeaways A business credit card is designed to support small business owners and entrepreneurs and help them keep business spending separate from personal spending. These cards typically offer higher credit lines, lucrative rewards and business-related perks — including additional employee cards to streamline day-to-day operations. Business card issuers may…
MoMo Productions/Getty Images Key Takeaways Interchange fees cover the costs associated with credit card processing, including the cost of verifying that the transaction is legitimate. Interchange fees vary by credit card issuer, and they also vary depending on the credit card processing system used by the retailer or business owner.…
AleksandarNakic/Getty Images Despite prices remaining high for air travel, it’s not stopping travelers from making summer plans to get away. Many people are simply adjusting their travel plans to better suit their budgets. In a recent Bankrate poll, 23 percent of people surveyed said they’d simply travel shorter distances to…
The investment world can be difficult to navigate, especially if you’re just starting out. There are lots of confusing terms and complicated acronyms that can turn off someone who’s looking to learn more about financial concepts. Fortunately, there is no shortage of investing books that can help you learn what…
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