Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways A no-down-payment mortgage allows you to finance 100 percent of your home, but you’ll likely still have to pay closing costs — or roll them into your mortgage. VA loans and USDA loans don’t typically require a down payment. If you…
Key takeaways Financial literacy is the ability to handle everyday money basics — budgeting, paying bills on time, building a starter cushion and using credit responsibly. Financial fluency is a step beyond literacy: You understand financial concepts well enough to solve problems and deliberately use tools like credit, refinancing and…
Key takeaways The statute of limitation on student loans is the time limit a lender can legally sue you for non-payment. There is no statute of limitations on federal student loans. The statute of limitations on private student loans ranges from three to 10 years depending on their state of…
Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Arvest Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit…
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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…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
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Key Takeaways Debt Settlement Drawbacks: Often leads to high fees, unfinished results, and credit score damage leaving consumers still stuck in debt. Advantages of a Debt Management Plan (DMP): A Debt Management Plan with ACCC reduces interest rates, consolidates payments, and provides a clear path…
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Is this method of consolidating debts a good idea? If you are considering using a credit card as a debt consolidation option here…
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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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Key takeaways The Chase Instacart Mastercard® delivers 5 percent cash back on the first $6,000 of qualifying Instacart orders annually (then 1 percent), as well as a modest welcome bonus that’s easy to earn. With decent cash back rewards in other everyday categories — including gas stations, restaurants and select…
Key takeaways Wells Fargo operates over 500 branches across Texas, providing the most extensive branch network in the Lone Star State. Texas Capital Bank earned Bankrate’s 2024 Regional Bank Award with competitive rates and no monthly fees for Texas residents. Randolph-Brooks Federal Credit Union serves over 1 million members with…
Key takeaways The IRS’ rule of 55 lets workers who leave their jobs take penalty-free 401(k) withdrawals early. To take advantage of the rule of 55, your company’s retirement plan must allow these early withdrawals. Some workers, such as those who would be pushed into a higher tax bracket, should…
Stewart Cohen/Getty Images Key Takeaways Home values have consistently hit record highs in recent years, which has created a surge in more equity-rich homeowners. To be considered “equity rich”, a property’s outstanding mortgage balance should be less than half of its market value. Being equity rich makes it easier to…
Key takeaways You can significantly boost your net worth by maximizing contributions to retirement accounts and leveraging employer matches. Strategically tackle high-interest debt, especially credit card debt, by paying more than the minimum. Utilize budgeting tools to streamline your spending and identify ways to save money. Building your net worth…
Selling your home can have tax consequences if its value has gone up. The IRS offers an exemption that lets you exclude some of the profit from capital gains tax when selling your primary residence, as long as you meet certain rules. This can save you a significant amount of…
Annuities are often purchased to help secure a reliable stream of income in retirement. Life insurance companies are the primary provider of annuities. Each company on our list offers a variety of annuity products, each with unique features and benefits. With so many options out there, the challenge lies in…
In this do-it-yourself digital age, home sellers and buyers alike might wonder if they really need real estate agents — or, more precisely, if they need to pay agent fees. Just how crucial are these agents to a successful real estate transaction? Well, a good agent is really pretty useful.…
Key takeaways Fannie Mae, officially the Federal National Mortgage Association, is a government-sponsored enterprise that helps maintain liquidity in the mortgage market. It does not offer mortgages directly to consumers; rather, it sponsors various loan programs that can be obtained through approved lenders. Since its establishment in 1938, Fannie Mae…
Key takeaways An add-on CD allows you to deposit additional funds after your initial deposit, unlike traditional CDs that only permit one deposit. You can continuously add money to your account throughout the CD’s term while earning the same fixed rate on all your deposits. Add-on CDs typically offer APYs…
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