Hispanolistic/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Offered by many financial institutions, online bill pay is typically a free, secure service that enables consumers to make various types of payments electronically. Payments made via online bill pay can be made using a website or an app. Keep track of your…
Michigan car insurance laws state clearly that drivers in the Great Lake State must have a certain amount of car insurance to drive legally on public roads. Failure to do so can lead to fines and other penalties—and higher coverage rates down the line. Michigan is a no-fault state, which…
Key takeaways There are several ways to finance home renovations, including renovation mortgages, home equity loans and personal loans. Borrowing makes the most sense when repairs are urgent or when improvements will increase your home’s value. Compare loan options carefully, considering interest rates, fees and the amount of home equity…
Image by GettyImages; Illustration by Bankrate Key takeaways Non-qualified mortgages, known as non-QM loans, are an option for those who might struggle to qualify for a standard mortgage, such as self-employed borrowers and gig workers. Non-QM loans have more flexible income and credit standards, but they require higher down payments…
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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…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Credit: Nate Hovee/Getty Images; Illustration by Issiah Davis/Bankrate California home prices are some of the highest in the country, with the median home price in December 2025 hitting $850,680, according to the California Association of Realtors. That means most buyers will need a mortgage to…
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2. Coaching and Tutoring Take stock of your areas of expertise – maybe you speak a second language or solving math equations comes…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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When it comes to taxes, dependents can affect your return in ways many families don’t expect. Whether you’re claiming a young child, a college student or an aging parent, understanding how deductions and credits apply may change how much you owe or receive. From the standard deduction rules to tax…
The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the potential to lower your taxable income and reduce your federal tax bill. This is because widows may be able to file as a “qualifying surviving spouse.” They have two tax…
Deciding how to file your taxes as a married couple can have a meaningful impact on your return. Depending on your situation, it may affect how much you owe or receive. Many couples assume married filing jointly is always the better choice, but that may not be true in every…
When I offered my annual credit card predictions around this time last year, I speculated that regulatory issues would dominate the credit card landscape in 2025. I wrote: “The biggest credit card industry development of 2024 occurred in February when Capital One announced an agreement to acquire Discover for $35…
Thomas Barwick/Getty Images What’s considered a “high” credit limit varies depending on a person’s credit history and income, but in general, high-limit credit cards come with credit limits of $10,000 or more. You won’t typically know your actual credit limit until you apply for your new card, however, regardless of…
Illustration by Hunter Newton/Bankrate You’ve lost your job. Who are you going to call? It might have to be your mortgage lender. A cooling job market is colliding with high homeownership costs, putting many people into a particular new squeeze: a loss of income and a monthly payment that was…
Spousal benefits are Social Security payments based on a spouse’s lifetime earnings record, and a spouse may receive up to half of the working spouse’s benefit. Eligibility is automatic, but payments do not begin until the spouse files an application with the Social Security Administration. To help explain this, let’s…
After two years of cheaper deals and better prices, holiday shoppers may have to reach deeper into their wallets again this season, as inflation makes an unwelcome return to many of the items households buy this time of year. More than 3 in 4 holiday staples (78%) have gotten more…
Image: Getty Images; Illustration: Bankrate Home equity rates were unchanged in the latest week, holding at their lowest point in two years. The $30,000 home equity line of credit stayed at 7.81%, according to Bankrate’s national survey of lenders. Meanwhile, the benchmark five-year $30,000 home equity loan also didn’t budge,…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates jumped higher this week, with the 30-year fixed rate averaging 6.37%, up from 6.29% 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…
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