Loans

how business loans work
6 min read

How Business Loans Work: A Beginner’s Guide

6 min readBusiness loans help you get money for different needs, from starting up to new projects. It is important to know about several types of loans, like term loans, lines of credit, and SBA loans, to choose the right one. Lenders check things like your credit score, cash flow, and how long you’ve been […]Continue reading "How Business Loans Work: A Beginner’s Guide" →
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Business,Guides,Loans,Opinion
6 min read
what is a danger of taking a variable rate loan
10 min read

What Is a Danger of Taking a Variable Rate Loan? Why Your Payments Could Rise Unexpectedly

10 min readA variable-rate loan has an interest rate that can change during the loan’s time, unlike a fixed-rate loan. A variable rate usually starts lower than a fixed rate, but it can go up—sometimes a lot—at any time. This means your monthly loan payments can also increase suddenly, making it harder to plan your […]Continue reading "What Is a Danger of Taking a Variable Rate Loan? Why Your Payments Could Rise Unexpectedly" →
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Debt,Guides,Loans,Opinion
10 min read
does a credit line increase affect credit score
9 min read

Does a Credit Line Increase Affect Credit Score? When It Helps and When It Hurts

9 min readA credit line increase can raise your credit score by lowering how much of your credit you use. Asking for a credit line increase might lead to a hard check on your credit report, which could lower your score for a short time. Automatic increases to your credit line, often given to good […]Continue reading "Does a Credit Line Increase Affect Credit Score? When It Helps and When It Hurts" →
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Credit Cards,Debt,Loans,Opinion
9 min read
disadvantages of paying off debt
5 min read

Disadvantages of Paying Off Debt: Why Keeping Some Debt Could Be Beneficial

5 min readStrategic debt management can be a smart financial move. Good debt can help you build wealth, while bad debt can erode it. Maintaining a mix of debt can positively impact your credit score. Focus on paying down high-interest debt first. Create a sustainable debt repayment plan that aligns with your financial goals. Introduction […]Continue reading "Disadvantages of Paying Off Debt: Why Keeping Some Debt Could Be Beneficial" →
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Debt,Loans,Opinion,Personal
5 min read
is there finaancial aid for grad school
4 min read

Is There Financial Aid for Grad School? Exploring Your Funding Options

4 min readFinancial aid for graduate school is available to help offset costs. The FAFSA is the first step in exploring eligibility for federal aid, with some state and school-based options requiring additional applications. Scholarships, grants, assistantships, and fellowships provide funding that does not need to be repaid. Employer tuition reimbursement programs can help reduce […]Continue reading "Is There Financial Aid for Grad School? Exploring Your Funding Options" →
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Education,Loans,Opinion,Personal
4 min read
do you get a tax credit for buying a house
4 min read

Do You Get a Tax Credit for Buying a House? How to Maximize Your Tax Savings

4 min readWhile a federal tax credit for buying a house in 2023 doesn’t exist, homeowners can benefit from several tax deductions. A primary residence has potential tax benefits, including deductions for mortgage interest, property taxes, and certain home improvements. Understanding the difference between tax deductions and credits is vital for maximizing your savings. Before […]Continue reading "Do You Get a Tax Credit for Buying a House? How to Maximize Your Tax Savings" →
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Legal,Loans,Mortgage,Opinion
4 min read
Interest Rate vs. APY: How They Impact Your Savings and Loans - Verified by FangWallet
4 min read

Interest Rate vs. APY: How They Impact Your Savings and Loans

4 min readAPY and interest rates are two different concepts that significantly impact your savings and loans. The interest rate determines how much interest you earn or pay, while APY includes the effect of compound interest. Compound interest helps your savings grow faster by earning interest on both your principal and accumulated interest. A higher […]Continue reading "Interest Rate vs. APY: How They Impact Your Savings and Loans" →
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Business,Guides,Loans
4 min read
Quicken Loans Guide to Fannie Mae HomePath Properties - Verified by FangWallet
4 min read

Quicken Loans Guide to Fannie Mae HomePath Properties

4 min readSave Money: HomePath properties are often priced below market value, offering potential savings for buyers. Help with Closing Costs: First-time homebuyers may qualify for assistance through Fannie Mae’s HomePath Ready Buyer program. Variety of Property Options: HomePath includes single-family homes, condos, townhomes, and multi-unit buildings. Streamlined Buying Process: The HomePath program simplifies the […]Continue reading "Quicken Loans Guide to Fannie Mae HomePath Properties" →
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Guides,Loans,Mortgage
4 min read
Can You Buy a Car with Bad Credit? Here’s What You Need to Know - Verified by FangWallet
4 min read

Can You Buy a Car with Bad Credit? Here’s What You Need to Know

4 min readGetting a new car with bad credit can be challenging, but it’s still possible. Understanding how credit scores impact auto financing is crucial. Checking your credit report and setting a budget can improve approval chances. Researching lenders, exploring pre-approval options, and making a down payment are key steps. Improving your credit score and […]Continue reading "Can You Buy a Car with Bad Credit? Here’s What You Need to Know" →
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Auto,Guides,Loans
4 min read
is it a good time to refinance
4 min read

Is It a Good Time to Refinance? How to Decide Based on Current Interest Rates

4 min readRefinancing can secure a lower interest rate, reducing monthly payments and overall interest costs. Calculating your break-even point—the period of time it takes for savings to outweigh refinancing costs—is crucial. A good credit score is key to securing favorable refinance rates. Compare offers from multiple lenders to find the best terms. Carefully assess […]Continue reading "Is It a Good Time to Refinance? How to Decide Based on Current Interest Rates" →
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Mortgage,Loans,Personal
4 min read
can you use 529 money to buy a house
4 min read

Can You Use 529 Money to Buy a House? What Are the Alternatives?

4 min read529 plans offer tax advantages for education expenses, including K-12 tuition, college costs, apprenticeships, and student loan repayments. While primarily for education, 529 funds can cover housing costs under specific guidelines, including on-campus and eligible off-campus accommodations. Tax-free withdrawals for off-campus housing are capped at the school’s cost of attendance (COA) for room […]Continue reading "Can You Use 529 Money to Buy a House? What Are the Alternatives?" →
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Personal,Investing,Loans
4 min read
consolidate business debt
4 min read

Consolidate Business Debt: How to Regain Control Over Your Business Finances

4 min readBusiness debt consolidation simplifies multiple payments into one loan with a potentially lower interest rate. It can improve cash flow by reducing monthly payments, freeing up funds for operational expenses. Consolidation may offer longer repayment terms, which can lower monthly payments but might increase total interest paid. Timely payments on the consolidated loan […]Continue reading "Consolidate Business Debt: How to Regain Control Over Your Business Finances" →
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Business,Debt,Loans
4 min read

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