Key takeaways Loss of use reimburses expenses incurred when your home is uninhabitable after a loss. Elective renovations and general maintenance are not covered by loss of use. Pet boarding, parking fees, moving expenses and laundry services are just a few of the expenses loss of use may cover. If…
Illustration by Grant Crowder/Bankrate Key takeaways To find a mortgage lender, first take stock of your finances and decide what type of mortgage you need. You can compare rates and fees by getting a preapproval from at least three mortgage lenders. There are six main types of mortgage providers: direct…
Photography by Getty Images Key takeaways FICO and VantageScore credit scores span from 300 to 850. The higher your score, the more likely you are to secure loans, credit cards and financing options with better terms and lower interest rates. Different factors are considered when calculating your credit score, including…
As a personal finance journalist and a credit counselor, people often ask me for credit card advice. And I’m happy to give it! But I find myself sharing the same set of basic facts because they’re helpful for so many people. And then it dawned on me: Credit cards can…
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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 Both charge cards and credit cards allow you to make purchases that you can pay off at a later date. Credit cards allow users to carry a balance from month to month, but those balances are usually subject to credit limits and interest…
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When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid…
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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 When you’re just starting out with investing, the thought of getting to your first $100,000 invested can seem daunting. But the power of compound interest means that that first $100,000 will quickly become much more. Understanding the psychological and practical barriers to investing can help you steel yourself…
Key takeaways Online brokers Robinhood and Webull both offer zero-commission trading on stock and ETFs. Neither broker has an account minimum nor offers access to mutual funds, bonds and foreign-exchange trading. Webull may suit investors who want detailed charts and paper trading. Robinhood can be a good fit for more…
Kaewta Suphan/Getty Images Key takeaways The Federal Reserve left interest rates unchanged at its July 30 meeting, signaling that high-yield savings account rates may remain high for some time to come — even if they dip slightly from week to week. Many banks are still offering top-notch yields firmly above…
Key takeaways Redeem points or miles any time you can get the average redemption value or better, especially for premium cabin airfare or during award sales. Make a redemption to extend the life of your rewards if they’re close to expiring. If you’re not interested in earning…
Photography by Getty Images Citi is an advertising partner. Key takeaways Both the Discover it® Cash Back and Citi® Diamond Preferred® Card are good choices for consumers who want to transfer their existing debt to a card offering an intro APR on balance transfers. The Citi Diamond Preferred offers a…
Key takeaways Roth IRAs are powerful retirement tools, but high-earners are not able to contribute directly if their income exceeds a certain threshold. Enter the backdoor Roth IRA: a perfectly legal workaround for high-income individuals to get in on the benefits of a Roth IRA. Setting up a backdoor Roth…
Key takeaways A manufactured home is a prefabricated house that’s built in a factory and then installed on a plot of land. They cost much less than traditionally built homes, so they can be appealing to budget-conscious buyers. But they can be difficult to finance, and their value does not…
Key takeaways The Delta SkyMiles program helps members earn miles that are redeemable for flights to over 1,000 destinations around the world. As part of Delta’s membership in the SkyTeam airline alliance, SkyMiles can be redeemed for flights on Delta as well as other partner airlines — such as Air…
Andrew Aitchison / Contributor/ Getty Images Key takeaways The Fannie Mae HomePath program offers an opportunity for homebuyers to purchase foreclosed, forfeited or short sale properties, potentially at a lower price. The HomePath program helps promote homeownership by offering inventory to homebuyers first, ahead of investors. While HomePath properties are…
Affordable Summer Party Ideas for Fun and Flair on a Budget When it comes to affordable summer party ideas, the focus is on creative touches that make your event feel special without spending a lot. Choosing the right location is a great place to start. Hosting at home, in your…
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