Non-Qualified Mortgage (non-QM) loans are designed for borrowers with inconsistent or difficult-to-document income. Non-QM loans are ideal for those unable to qualify for conventional mortgages despite good credit and the ability to make a substantial down payment. Read on to understand the various types of non-QM loans, their benefits, drawbacks, and how they can aid your homeownership journey.

Chase has unveiled a new credit card called Chase Freedom Rise℠, specially designed for new-to-credit customers. It aims to make credit more accessible, and having a Chase checking account can increase approval chances. The card offers a 1.5% cash back on purchases with no annual fee or reward redemption minimum.

The Manheim Used Vehicle Value Index reports a drop in used vehicle prices, indicating shifts in the used car market. The wholesale used-vehicle prices saw a 2.7% decrease in May, a result influenced by various market conditions, including consumer confidence, gas prices, and inventory levels. The analysis, however, suggests the rate of decline might slow in the following months.

Discover Bank has announced an increase in the annual percentage yield (APY) of its Online Savings Account to 4.00% from its previous rate of 3.90%. Its CD rates go up to 4.75% and money market accounts have an APY of up to 3.95%.

Barclays announced today that it is lowering the maximum APY for its CD accounts to 4.80% APY on June 1st. This is part of a broader trend among some banks and credit unions responding to forecasts of a Federal Reserve rate cut later in the year.

M1, the finance app known for its automated investing, borrowing, and banking products, has launched the M1 High-Yield Savings Account, offering an impressive 5.00% APY. This new account stands out as one of the highest-yielding savings options available.  This latest offering further expands M1’s suite of financial products, empowering individuals to grow their assets, automate their finances, and manage their wealth effectively.

Citi’s Priority Checking Account promotion, running from April to July 2023, offers new customers the opportunity to earn up to $2,000. The cash bonus is dependent on the deposited amount, which must be maintained for 80 days. The account comes with several benefits, including no Citi fees at non-Citibank ATMs, preferred pricing and rates on select products, and access to financial advisors. However, a minimum balance must be maintained to avoid a monthly service fee.

CIT Bank increased the maximum APY on their no-penalty 11-month CD accounts to 4.90% APY. Their high-yield savings increased to 4.85%, and their money market account APY remains the same.

Luxury brands have a certain mystique and allure that attract consumers with their high-end offerings and exclusivity. One brand that has been in the market for several decades is Coach. However, there is some debate about whether or not Coach can be considered a luxury brand. Further in the article, we will analyze the brand’s historical background, product offerings, marketing and communication strategies, and future outlook to determine if Coach deserves to be labeled as a luxury brand.

Gold is a valuable and precious metal that has been coveted for centuries. Whether you are a jewelry maker, a collector, or simply want to determine the authenticity of your gold items, testing gold is a crucial step. While there are various ways to test gold, using a lighter is a simple and convenient method that can be done at home. Here, we’ll discuss how to test gold with a lighter, including what materials you’ll need, step-by-step instructions, tips and tricks for accurate testing, and frequently asked questions at the end.