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…
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
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…
Dept Managmnt
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…
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
Name: Melaina Cano Firm: Merrill Wealth Management Location: Irvine, CA Team Assets (Custodied): $329 million Background: Melaina Cano’s passion for investing was sparked early by her paternal grandfather, a first-generation Mexican American engineer who meticulously tracked his investments and taught her the value of financial literacy. Raised in Orange County,…
If you were hoping for some guidance from the IRS with respect to changing your withholding to reflect the changes under the One Big Beautiful Bill Act (OBBBA), you’re out of luck. The IRS has announced that, as part of its phased implementation of the new tax law, there will…
OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital assets and financial technologies. In July, the US Treasury released Strengthening American Leadership in Digital Financial Technology, a policy roadmap for federal agencies with innovation implications for…
Key takeaways If you’re saving for retirement, have a solid emergency fund and don’t carry any credit card debt, you may be in a good financial position to buy a second home. Be sure to budget carefully, accounting for maintenance and utility costs as well as potential rental management fees.…
Zinkevych/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways The best terms on small business loans are generally reserved for borrowers with strong credit scores Personal credit scores range from 300 to 850, with higher scores indicating greater likelihood of timely payments on a loan Business credit scores can range from…
President Donald Trump signed an executive order on Thursday directing the Department of Labor to revisit its guidance on including alternative assets — such as private equity, real estate and even cryptocurrency — in 401(k) plans. The move marks a controversial expansion of retirement investment options and may reshape how millions of…
Feverpitched/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Lenders often sell mortgages to other companies or investors to free up funds for them to offer more loans. Homeowners cannot prevent their mortgage from being sold, but they do have rights to receive information about the transfer. The trading of…
10’000 Hours/Getty Images Key takeaways The mortgagee clause is a provision in a homeowners insurance policy that protects the mortgagee — aka the lender — from financial loss if the mortgaged property is substantially damaged or destroyed. Many mortgage lenders require borrowers to have a homeowners insurance policy with a…
Mortgage rates are at their lowest levels of the year, with the average cost of a 30-year mortgage retreating to 6.63 percent as of Aug. 6, according to Bankrate’s national survey of lenders. Yet, today’s rates still feel high, especially for the many Americans who long for the days of…
Under the One Big Beautiful Act, sweeping reductions to Medicaid and modifications to Affordable Care Act enrollment rules have been enacted. The alterations promise to reshape federal healthcare requirements and change who qualifies for coverage. These shifts could impact millions of Americans, especially those in affordable care markets. Here’s what’s…
Editor's Pick
