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.…
Credit: RoschetzkyIstockPhoto/Getty Images; Illustration by Issiah Davis/Bankrate For Texans looking to buy a home, now might be a good time to start your search. According to Redfin, the median price of a single-family home in the Lone Star State is $340,500, down 2.6% from a year earlier. At the same…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that…
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. However, you’ll have your work cut out for you: During the third quarter of…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
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Key takeaways An LLC has access to some small business loans that are designed specifically for funding a variety of business expenses. LLC loans can be used for many things, including working capital, covering start-up costs, equipment or inventory purchases, advertising and marketing and even…
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Delmaine Donson/Getty Images Debt relief companies work on your behalf to negotiate your debts, usually through a settlement for less than you owe.…
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Image: Getty Images; Illustration: Bankrate Home equity rates barely budged heading into the final Federal Reserve meeting of 2025. The $30,000 home equity line of credit was unchanged, holding at 7.81% for the fourth straight week, according to Bankrate’s national survey of lenders. Meanwhile, the benchmark five-year $30,000 home equity…
Key takeaways Mutual funds can be a great way to invest for long-term goals such as retirement. There are thousands of mutual funds focused on different asset classes, such as stocks and bonds. Index funds are popular because of their low cost and diversification benefits. Millions of Americans use mutual…
A non-qualified stretch annuity extends the payout of an inherited annuity over time, rather than receiving the full amount in a single lump sum. While qualified annuities (such as those within IRAs or 401(k)s) are subject to strict rules under the SECURE Act, non-qualified annuities, which are funded with after-tax…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates dipped this week, with the 30-year fixed rate averaging 6.28%, down from 6.32% the previous week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week low 30-year…
Joe Raedle/Staff/Getty Images Key takeaways Upgrading your credit card with the same issuer is a way to get better perks without a hard inquiry on your credit report, although you might miss out on a welcome bonus. To upgrade a credit card, contact your card issuer and consider negotiating perks…
Image by GettyImages; Illustration by Bankrate If you’re rethinking whether to spread the holiday cheer by tipping this year, you might not be alone. Fewer Americans are planning to tip their service providers this holiday season compared to last year — from their housekeepers, trash collectors and gardeners to mail…
At the end of the year, many people pause to reflect on what worked and what didn’t, especially when it comes to their finances. Year end is a perfect moment to acknowledge challenges, review your habits and create a fresh plan for the year ahead. Even if 2025 wasn’t your…
Having a credit score of 500 or less does limit your options when it comes to credit cards, but it doesn’t fully exclude you from qualifying for a good one. Several credit cards designed for credit scores in this range or lower offer credit-building tools to help you build your…
Malcolm MacGregor/Getty Images As home prices keep rising, so do conforming loan limits, the number that distinguishes the most common loan types from jumbo loans. These limits vary from year to year and by geographic area. What is the conforming loan limit? The conforming loan limit is set each year…
With investors getting increasingly anxious about the nosebleed valuations of public stocks, Goldman Sachs announced Monday morning that it’s spending $2 billion to buy Innovator Capital Management, a firm that will cushion its clients from a crash.Wheaton, Illinois-based Innovator manages $28 billion in assets, mostly in defined-outcome ETFs which use…
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