Reverse mortgage fees

Summary: Reverse mortgages offer a unique financial solution for seniors, unlocking home equity without a sale. However, understanding the encompassing fees, both initial and ongoing, is crucial. This article elaborates on the actual costs, contrasting reverse mortgages with traditional ones, and provides tips for prospective borrowers to shop wisely. Reverse mortgages present a viable solution […]

Summary: Barclays has increased the maximum APY for its US Online Savings account to 4.35% APY (from 4.15%). Get Competing Personal Loan Offers In Minutes Compare rates from multiple vetted lenders. Discover your lowest eligible rate. Get Personalized Rates It’s quick, free and won’t hurt your credit score Barclays Bank offers 4.35% APY to savers […]

Summary: Barclays has increased the maximum APY for its US Online Savings account to 4.15% APY. Get Competing Personal Loan Offers In Minutes Compare rates from multiple vetted lenders. Discover your lowest eligible rate. Get Personalized Rates It’s quick, free and won’t hurt your credit score Barclays Bank offers 4.15% APY to savers Barclays increased […]

People standing in front of a laptop, which shows the start of an economic recession

Summary Despite overall inflation rates dropping, core sticky inflation remains high, impacting essential items like housing, healthcare, and education. This discrepancy creates confusion for consumers, uneven economic impact, and monetary policy challenges, emphasizing the complexities of managing inflation. In recent months, overall inflation rates have been dropping, a testament — some may argue —  to […]

The definitive guide to retirement planning

Summary April is Financial Literacy Month, which emphasizes the importance of personal finance in the current economic landscape. Inflationary pressures have made it critical for Americans to be intentional about their spending and saving habits. A standalone personal finance course in high school equips students with the skills to navigate the complexities of modern financial […]

People standing in front of a laptop, which shows the start of an economic recession

Summary: According to a recent survey, small business owners are increasingly turning to local credit unions to protect their funds amid economic uncertainty caused by recent bank failures and financial woes. The survey shows that credit union use among SMBs has surged by 65% over the period just prior to the banking upheaval, with many […]

coding bootcamp with personal loans

Article Summary Most coding bootcamp students can’t qualify for federal student aid or traditional private student loans. However, other financing options are available. This article provides a comprehensive discussion of coding bootcamp financing options, such as personal loans, scholarships, crowdfunding, credit cards, and income share agreements. In our increasingly digital world, the demand for skilled […]

deferment and forbearance

How to Lower Monthly Payments

Trying to build up your savings? Lower monthly payments may be the key. You can save big by paying less every month on expenses like your mortgage, car and home insurance, credit cards, and student loans. When you lower your monthly payments on your credit accounts and loans, you save money every month. These little […]

man searching online for "what is an asset-based mortgages"

If you owe back taxes and don’t arrange to pay, the IRS has the power to take your property as payment through a process called asset seizure. Tax levies are by far the most common method of asset seizure. In this case, the IRS takes your wages or the money in your bank account to […]

Man calculating his tax debt since he knows he can't avoid paying the IRS back taxes

What Are Back Taxes?

You have heard the Benjamin Frankin quote about taxes and death. “The only thing for certain in life is death and taxes.” Like millions of working Americans, you try your best to pay your fair share and do so on time. Unfortunately, life can get complicated. In 2020 alone, the IRS counted 13.2 million delinquent […]

Man looking over credit reports and wondering what is a tradeline?

Credit is a key part of financial life in the US. You need it to buy a house, get auto insurance, open a bank account, and much more. That’s because credit reports reveal your track record. They allow lenders, employers, and other interested parties to evaluate the level of risk you present and determine how trustworthy you are. So, how do you make sure […]

Couple looking at their budget on a laptop and deciding between payday loans vs. personal loans for emergency expenses

Unsecured Personal Loans

An unsecured loan is a loan that is not secured by collateral, such as a car, a home, or savings in a bank account. They are also known as consumer loans, installment loans or signature loans. Unlike mortgages and most auto loans, unsecured loans don’t require you to provide a valuable asset as a security. They […]

Contractor repairing a house roof

Summary: Contractor fraud is when unscrupulous contractors or service providers intentionally or recklessly misrepresent themselves, their qualifications, or their services in order to secure work or payment from a client or business. Steps you can take to avoid being scammed by fraudulent contractors include conducting background research, asking for references, verifying a contractor’s license and […]

The definitive guide to retirement planning

5% Median annual return of the largest marketplace lending platform. Since the housing market crash of 2008, various financial institutions and entrepreneurs have moved into the lending world that was once reserved only for banks. This transformed the industry and gave rise to marketplace lending (MPL). Initially, it was called peer-to-peer lending. That no longer describes […]

fha-loans-pros-cons FHA loans Ohio

The Federal Housing Administration (FHA) is the largest insurer of mortgages in the world, having insured over 47.5 million properties since its establishment in 1934. Could an FHA loan help make your dream of homeownership a reality? Read this complete guide to find out. Get Competing Personal Loan Offers In Minutes Compare rates from multiple vetted lenders. […]

Woman looks at tax forms and thinks about the effects of higher interest rates

All good things must come to an end — but luckily, some bad things end, too. Even the Internal Revenue Service has limits on how much time it can legally spend collecting on federal income taxes. This time period is called the IRS statute of limitations, and understanding these limits may save you money in the long […]

Afford a funeral average funeral costs

Funerals…an event most of us don’t want to think or talk about, let alone pay for. But what if a loved one passes, and amidst dealing with the grieving process, you find you are responsible for costs? Funerals can range from $6,000 to $9,000, on average, and need to be arranged quickly. If you don’t […]

Young couple review different personal loan offer documents and online

1 in 4 Americans will be disabled before they retire. Where can I find grants and loans for the disabled? Grants.gov. This should probably be your first stop when searching for federal grants. Administration for Children and Families. Office of Acquisition and Grants. Procurement office of the SSA. Finaid. Financial aid for students with disabilities. GrantsWatch. Grant search […]

One hand with pen about to sign documents with house model in the back

Are you considering a cash-out refinance? If so, now is a good time to get serious about it. National homeowner equity has been on the rise, increasing by $981 billion (12.3%) since last year. But is a cash-out refinance the best way for you to access your equity? In this guide, you’ll learn everything you need […]