Key takeaways Borrowers may refinance second homes and investment properties to get a lower interest rate or access the home’s equity as cash, among other reasons. The refinancing process for a second home or investment property is similar to refinancing a primary residence, but it can be harder to qualify.…
Roman_Makedonsky/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways A no-closing-cost refinance means you won’t pay closing costs upfront — but you will roll them into your loan or pay a higher interest rate. A no-closing-cost refinance saves you some money at closing, but it could end up costing you more…
Marco Bottigelli/Getty Images Traveling internationally can be an exciting and rewarding experience, but comes with its fair share of challenges. One of the best ways to prepare for international travel is to have a credit card specifically designed for it. Not only do these cards offer rewards and perks, but…
Marco Bottigelli/Getty Images Traveling internationally can be an exciting and rewarding experience, but comes with its fair share of challenges. One of the best ways to prepare for international travel is to have a credit card specifically designed for it. Not only do these cards offer rewards and perks, but…
Trending
Spotlight This Week
More Articles
Personal Finance
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…
Featured Articles
Image by GettyImages; Illustration by Bankrate A split decision for home equity rates, as the Federal Reserve delivered an expected quarter-point interest rate cut, the first rate reduction this year. The average rate on a $30,000 home equity line of credit fell five basis points…
Dept Managmnt
Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
Banking
When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
Credit Cards
All News
Investing is a must if you’re looking to build wealth and achieve long-term goals such as retirement. At its core, investing involves sacrificing present consumption to increase future consumption. However, despite its supposed simplicity, investing is not easy in practice. Emotions can cloud rational judgment, which can lead to poor…
Can You Find It At a Thrift Store? Clothing prices, like everything else have increased substantially and trying to buy everything brand new will put a serious dent in your budget. Consider going “thrifting” for some of your workplace clothing. Not only will you save a significant amount of money,…
Israel’s attack on Iran is the latest geopolitical event investors have faced in recent years, alongside others such as the election of Donald Trump and an assassination attempt on him during the campaign. Russia’s invasion of Ukraine and the ongoing Israel-Hamas war also sparked market reactions. It’s well known that…
Vera Livchak/Getty Images Economic uncertainty, ongoing market volatility, continued recession rumblings — what a perfect environment for bad ideas to percolate! When navigating an unpredictable environment, it’s natural for investors to feel the need to take action to alleviate stress and exert some sense of control. But sometimes the best…
Key takeaways While the Trump administration has suggested sweeping changes to the federal student loan program, many loan forgiveness options still exist. Programs that lead to forgiveness typically require monthly payments for 10 to 25 years, after which remaining balances can be wiped away. Make sure to stay up-to-date on…
If you’re looking to use your retirement account to get in on the alternative investments boom, you’ll need to open a special kind of account known as a self-directed IRA, or SDIRA. A self-directed IRA is a type of IRA held by a custodian that allows investors to purchase certain…
Key takeaways Automotive companies plan vehicles years in advance, making it difficult and expensive to make changes as quickly as new tariffs require. Short-term discounts are available for automakers that use imported parts to assemble vehicles domestically. However, these may not be large enough — and may not last long…
Key takeaways A wraparound mortgage is a unique form of seller financing in which the seller keeps their mortgage and extends a loan to the buyer. To offer a wraparound mortgage, the seller must have an assumable mortgage. While popular with those who can’t qualify for traditional financing, wraparound mortgages…
Becoming a 401(k) millionaire represents a significant milestone in retirement planning. According to recent data, the average age at which individuals attain this status is 59 years old, typically after 26 years of consistent contributions to their retirement plans. The length of time typically required to become a 401(k) millionaire…
Key takeaways Corporate credit cards are typically issued to bigger corporations with a solid credit history, allowing for efficient expense management as individual employees can be issued their own cards for work-specific spending. Corporate credit cards often don’t require a personal guarantee, making them more suitable for larger corporations. …
Editor's Pick
