Key takeaways Mortgage recasting lets you reduce your mortgage payments and total interest paid over the life of the loan by making a lump sum…
Westend61/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways FHA 203(k) loans provide funding to finance both a home’s purchase and the cost of repairing it. This type of loan, which you can obtain from an FHA-approved…
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 fundamentally invested in the same stocks, so choosing the “cheapest” one (the one with the…
Key takeaways Your homeowners insurance premium may increase after a successful claim. The severity of the claim can impact the amount of the increase. Looking for discounts and shopping around are two ways to keep your rate reasonable. You’ve probably heard that your insurance can go up if you file…
President Donald Trump on Thursday said he’s “not a huge fan” of a proposal his administration is developing that would allow prospective homebuyers withdraw from their 401(k) retirement accounts for a down payment. “I’m not a huge fan,” Trump told reporters on Air Force One while preparing to return from his…
Whether you can claim an adult child as a dependent on your taxes depends on their age, income and living situation, as well as the level of financial support you provide to them. The IRS allows parents to claim certain adult children if they meet the criteria for either a…
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GameStop is shutting down roughly 30 stores in New York as part of a nationwide shuttering that will impact at least 470 locations by the end of the month, according to an online compilation of…
