Key takeaways It’s fine to get rid of monthly mortgage statements, but you should keep all your mortgage documents, including proof of title insurance and the promissory note, until your loan is paid off. Having your mortgage documents handy can be beneficial when filing home insurance claims, calculating capital gains…
Nikola Stojadinovic/Getty Images. Key takeaways The SBA created a program licensing Community Advantage Small Business Lending Companies (CA SBLCs) to provide a permanent solution to the lack of accessible traditional small business loans in underserved communities The CA SBLC program is built on a pilot program of the same name,…
Financial planning involves the interplay of multiple, often complex variables. Think: current and future savings and expenses, projected investment returns, evolving tax rates, debts, windfalls, hopes, dreams, the Social Security trust funds’ solvency and more. Here’s where financial planning software sashays into the room for its hold-my-beer moment: Unlike piecemeal…
Key takeaways Americans who grew up with a strong financial education were 1.5 times more likely to successfully negotiate pay raises during their careers compared to those without early exposure to financial education (66 percent vs. 39 percent) Americans who were raised with a strong financial education were more likely…
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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 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…
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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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Key takeaways Be sure to understand all aspects of your loan agreement, including the loan amount, APR, repayment term, loan cost and fees Budgeting, paying bills on time, and keeping debt to a minimum is key to managing a working capital loan Talking to your lender before missing a payment…
Key takeaways There are two main types of life insurance: term and permanent. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period. Most permanent life insurance policies have cash value components, where some of your premium is set aside…
Images by Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Paying off your mortgage early has upsides, including peace of mind, more room in your budget and more flexibility to go after other financial goals. A mortgage payoff also ties up your money in your home. You won’t be able…
Danai Jetawattana / Getty Images Starting a business can be the start of pursuing a lifelong dream. But turning a dream into reality requires putting your ideas on paper — especially if you want to secure a small business loan from a lender. In most cases, lenders will request prospective…
Credit: Marje/Getty Images; Illustration by Issiah Davis/Bankrate If your credit needs work, that doesn’t necessarily mean you won’t qualify for a mortgage. There are lenders and loan programs for borrowers with bad credit, including FHA loans. Here’s our guide to the best mortgage lenders for bad credit in 2025. Best…
picture alliance/Getty Images Gold shot up to a record high of more than $2,900 per ounce this week on the heels of a 27 percent gain in 2024. Gold is up 40 percent since Jan. 2, 2024, and 10 percent year to date. So what’s driving the surge in gold…
Most consumers in the U.S. have at least one bank account, and it’s likely that account has been with the same bank for more than a decade. Nearly 96 percent of U.S. households have an account at a bank or credit union, according to a 2024 FDIC survey, and the…
Hinterhaus Productions/Getty Images A Coverdell education savings account (ESA) is one way to save for education expenses on a tax-advantaged basis. The ESA allows you to invest in potentially higher-earning assets, helping to supercharge your returns. You can invest the ESA yourself or have a financial advisor pick out investments…
Key takeaways Acts of God are natural events or acts of nature that usually can not be predicted or controlled. Car insurance covers acts of nature through comprehensive coverage. Accidents caused by sliding on ice, wind or hydroplaning are not considered acts of God. Imagine it’s a dark and stormy…
Key takeaways Credit cards typically offer more value in perks and benefits than just points, miles or cash back. Top travel credit cards come with perks like airport lounge access, airline companion passes, lost baggage coverage, complimentary upgrades and statement credits for travel expenses. Everyday shoppers can also benefit from…
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