Key takeaways You typically cannot return a car unless the dealership has a return policy. To avoid being in a position where you need to…
Key takeaways A 7/1 ARM is a type of adjustable-rate mortgage (ARM) that has a fixed interest rate for the first seven years, then a variable rate that changes yearly until the end of the…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways When you prepay your mortgage, you pay extra toward the loan principal. This helps you pay your loan off sooner and save money on interest. There are many ways to prepay a mortgage, including through biweekly payments, periodic extra payments or…
Images by GettyImages; Illustration by Jessa Lizama/Bankrate Key takeaways Lower credit scores signal higher risk of default to lenders, so lenders will limit loan amounts. Borrowers with bad credit get approved for unsecured loans with an average amount under $2,000, according to TransUnion data. Adding a cosigner or co-borrower with…
While the process of adding a spouse to a deed can be relatively simple, there are some tax implications that make it more complicated. Depending on how you handle the property transfer, it can affect gift taxes, capital gains taxes, and estate planning outcomes later on. State laws and ownership…
Moyo Studio/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Most personal loan lenders require documents to prove your identity, income, bank account and address. Lenders collect information about your credit score, loan purpose and monthly expenses to determine your eligibility and loan terms. Gathering all necessary documents and information before applying…
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Mortgage rates fell below 6% this week for the first time in three and a half years, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average…
