Up to $30,000 offered in down payment assistance Zero-interest deferred loan that is forgiven after 10 years Multiple property types are eligible (single-family residence, condo, co-op and manufactured home) Cons Andria Patino/Getty Images New York is one of the costliest states to buy a residence in the U.S., driven by…
Prasit photo/Getty Images Ellevest, a woman-focused robo-advisor, is set to hand off a majority of its clients to Betterment, the largest independent digital investment advisor in the U.S. If all goes according to plan, the transition is expected to wrap up by April 17, according to a Feb. 26 joint…
Key takeaways USDA loans are government-backed mortgages for borrowers buying in eligible rural areas. These loans come with lenient credit score requirements, and they don’t require a down payment. USDA mortgages also come with income and sometimes loan limits that vary by location. Aimed at encouraging homeownership in rural parts…
When it comes to long-term capital gains taxes, many taxpayers assume there are just two rates – 15 and 20 percent. However, the IRS has another mostly forgotten rate that allows you to pay nothing on your investment wins. Yes, there’s a 0 percent tax bracket for capital gains. And…
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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 If the majority of your travel is within the U.S., TSA PreCheck is the better choice for you, but if you regularly travel abroad, you should consider Global Entry. If you travel both domestically and internationally, choose Global Entry, because Global Entry includes…
Dept Managmnt
Debt settlement is when you negotiate with creditors to reduce the amount you owe in exchange for a lump sum payment. It might…
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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 If you are willing to jump through a few extra hoops, you can use one credit card to pay off another. The most common strategy for paying one credit card with another requires a new balance transfer credit card. Be aware of balance transfer fees, which vary from…
pamspix/Getty Images: Illustration by Issiah Davis/Bankrate Reverse mortgages generally allow homeowners aged 62 or older to tap their home equity and receive tax-free cash payments while remaining in their homes. To help you compare reverse mortgage options, we’ve rounded up a list of the best reverse mortgage lenders to consider.…
krisanapong detraphiphat/Getty Images On Feb. 13, the Federal Reserve Bank of New York will release its Quarterly Report on Household Debt and Credit. This edition will cover the fourth quarter of 2024, and I’m expecting another record for credit card balances, adding to the current record of $1.166 trillion as…
Key takeaways Women made up 26 percent of graduates in the 20 highest-paying bachelor’s degrees as of 2022 — up 2 percentage points from 2012. Six of the 20 highest-paying bachelor’s degrees saw an increase of 5 percentage points or more in female graduates between 2012 and 2022. Despite the…
Key takeaways Secured cards might be easier for you to qualify for, as they typically require a lower credit score, though you’ll need to submit a security deposit. Avoid cards with annual fees if you can, and look at options with APRs around the national average as you consider…
WAYHOME studio/Shutterstock Key takeaways Debt consolidation loans and balance transfer cards have distinct advantages and disadvantages when it comes to paying off debt. Debt consolidation loans give you a definite payoff date with a fixed interest rate. They can be a smart choice for consumers who need longer payoff periods…
Earlier this year, the Supreme Court granted the government’s application for a stay of a Texas ruling in the Fifth Circuit that had blocked the beneficial ownership interest (BOI) reporting requirements in the Corporate Transparency Act (CTA). That gave the impression that the government could again begin requiring businesses to…
Many pet owners are easily convinced of the benefits of pet insurance to help them cover unforeseen expenses. But, what about the costs of regular preventive care? Traditional pet insurance covers the costs of unexpected accidents but doesn’t typically apply to routine expenses such as parasite prevention, vaccinations and annual…
If you’re a homeowner, odds are you’re sitting on a sizable source of cash right now. As housing prices have soared, so has the worth of home equity (the portion of the home you own outright, not financed). As of November 2024, U.S. mortgage-holding homeowners collectively had more than $11 trillion…
dima_sidelnikov/Getty Images Key takeaways The top credit card reward programs partner with select airlines and hotels, so you can transfer points and miles from your card directly to your favorite loyalty programs. Occasionally, you can earn bonuses for transferring points and miles from a bank program to a partner loyalty…
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