Westend61/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways FHA 203(k) loans provide funding to finance both a home’s purchase and the cost of repairing it. If you qualify, you can obtain one from an FHA-approved lender. This type of loan is reserved for borrowers who intend to live in the home,…
Key takeaways Medical credit cards can help you finance expensive medical procedures, but they often come with high interest rates and unnecessary fees. Unlike traditional cards with 0 percent interest promotional offers, medical credit cards can come with “deferred interest” that can leave you paying retroactive interest on your bill…
A single-premium immediate annuity (SPIA) is a financial product aimed at providing a guaranteed income for the rest of your life or a set period. It’s especially popular among retirees seeking predictable cash flow without the volatility of market fluctuations. But is a single-premium immediate annuity the right move for…
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…
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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 Prescreened credit card offers target qualified consumers based on their credit score, credit utilization, and location. Advantages of presecreened offers include saving time when comparison shopping. Disadvantages include increased junk mail and the risk of identity theft. You can choose to…
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…
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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…
Key takeaways Using savings to fund renovations avoids the extra expense of interest and accumulation of debt, and encourages sticking to a budget. But it depletes cash reserves and may mean postponing a project. Borrowing for renovations allows for immediate project commencement, can strengthen credit history, and frees up funds…
Sofie Delauw/Getty Images Key takeaways The Marriott Bonvoy Brilliant® American Express® Card is a premium hotel credit card with one of the highest annual fees of any competing offer ($650 per year). Perks that help justify this card’s fee include airport lounge access, automatic Marriott Bonvoy Platinum Elite status, a…
Creating a $1 million investment portfolio may sound out of reach, especially if you’re just starting out. But in reality, joining the seven-figure club is entirely possible with a well thought out plan, consistent savings and smart investment strategies, which could include working with a financial advisor. While it may…
Key takeaways Plastiq allows you to put major monthly payments such as rent and tuition on a credit card. While you can use Plastiq to earn credit card rewards on large transactions like rent, you’ll want to make sure Plastiq’s fees don’t outweigh the value of the rewards. You’ll also…
Morsa Images/Getty Images If you’re looking to invest in the health care industry, buying a health care exchange-traded fund (ETF) is an easy way to get started without the hassle of analyzing individual companies. With a health care ETF, you can buy a broad cross-section of the industry or even…
Traders now have the ability to buy not only Bitcoin exchange-traded funds (ETFs) but also options on these Bitcoin funds. Bitcoin ETF options began to debut in late 2024, and now traders can buy and sell an even more volatile — and potentially lucrative — Bitcoin-based security. Here’s how to…
Key takeaways Banks are known for offering low-interest business loans to business owners with good credit and at least two years in business Banks offer many types of bank business loans, ranging from term loans to SBA loans to equipment loans Alternatives to bank business loans include business credit cards…
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