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 SBA 7(a) loans are the most common type of loan issued by the Small Business Administration. You can get several types of SBA 7(a) loans, depending on your needs, including a 7(a) Small, Express, Export Express or CAPlines loan. You can use a 7(a) loan for a variety…
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…
Key takeaways Choosing the right type of annuity payout depends on when you want payments to start, how long you want them to last and if you want a survivor’s benefit. Single-life annuities provide higher income but no survivor benefit, while joint-and-survivor and period-certain options have lower monthly payments in…
The legacy Capital One Savor Cash Rewards Credit Card is no longer taking new applicants as of July 2024, although existing cardholders can still use the card. Those interested in the legacy Savor card can check out the new Capital One Savor Cash Rewards Credit Card*, formerly called the SavorOne…
Key takeaways Bank of America and Chase both offer cash back cards, travel cards and others. Bank of America is known for its Preferred Rewards program, which rewards customers who bank with the issuer, while Chase is known for its Chase Ultimate Rewards program, which offers high-value travel redemptions. Bank…
Key takeaways Selling a house to a family member or friend is common in FSBO (for sale by owner) transactions. Even when you’re selling a home to someone you know, it’s advantageous to hire outside professionals such as a real estate agent and an attorney to avoid any conflicts and…
Key takeaways When a property is listed as “pending sale,” it means the seller has accepted an offer, but the deal hasn’t closed yet. In some cases, you can make an offer on a house that’s pending, but you’re unlikely to be successful. A pending sale can fall through if…
Key takeaways The typical minimum amount to open a jumbo CD is $100,000, although some jumbos require a minimum of $95,000, even less. Although many jumbo CDs offer competitive APYs, there are many standard CDs that earn higher yields than jumbos, so it’s important to compare rates. Depositing a large…
Key takeaways A property lien can be either general or specific and voluntary or involuntary. A mortgage lien is a specific, voluntary lien. The priority of the liens on a property determines which debt will be repaid first in the event of default and foreclosure. The best way to avoid…
Getty Images, MesquitaFMS The August 1 deadline for the latest round of trade negotiations has passed, and drivers remain in insurance purgatory — waiting to see how tariffs will impact auto rates and repair costs. The U.S.-EU trade agreement may bring some stability to the global auto market, but it…
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