The Federal Reserve isn’t expected to make any rate cuts at its January meeting, but its first gathering of the year still has a lot…
Key takeaways There are several ways to finance home renovations, including renovation mortgages, home equity loans and personal loans. Borrowing makes the most sense when repairs are urgent or when improvements will increase your home’s…
Key takeaways A bank statement loan allows you to qualify for a mortgage using bank statements rather than pay stubs or tax returns. It’s most often used by self-employed borrowers. Not all mortgage lenders offer bank statement loans. You might need to work with a mortgage broker to find one.…
Key takeaways Mobile banking apps now offer AI-powered financial insights, biometric security, real-time fraud detection and automated savings tools beyond basic account access. According to Chase, 86% of consumers prefer to use a single app to do their banking. When selecting an app, prioritize security features, user experience and financial…
Credit: Marje/Getty Images; Illustration by Issiah Davis/Bankrate If your credit needs work, that doesn’t necessarily mean you won’t qualify for a mortgage. There are lenders and loan programs for borrowers with bad credit, including FHA loans. However, you’ll have your work cut out for you: During the third quarter of…
A smart personal finance strategy often involves earning some interest on your money while not taking on too much risk. These days, high-yield savings accounts are one viable option, with top rates reaching over 4% APY — significantly outpacing the current inflation rate of 2.7%. In addition to savings accounts,…
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Key takeaways Investing in an S&P 500 index fund is an easy way to get instant exposure to hundreds of the largest companies in the U.S. in one investment vehicle. All S&P 500 funds are…
