Top Balance Transfer Credit Cards
Credible
by Andrew Pentis
1y ago
<div ><div >The companies that appear on this page all pay fees to Bankrate (creditcards.com) and Credible. That compensation impacts whether and how their products appear on this page.</div></div> <p>A balance transfer credit card can be an awesome tool to optimize your debt repayment. Use it to pay off your existing debt, then pay off the card before its introductory 0% APR expires. That cuts the amount of interest you owe to your creditors.</p> <p>Balance transfer cards come in all shapes and sizes. The best cards offer promotional 0% APR periods, u ..read more
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What Is an Emergency Loan and What Can I Use it For?
Credible
by Daria Uhlig
1y ago
<p>When you need money for an unexpected expense, an emergency loan may be the solution. Some lenders provide emergency loans to borrowers who need funds to cover unplanned costs, such as a car repair or medical emergency. You can get an emergency loan in as little as 24 hours or even the same day — but be sure to avoid predatory lenders.</p> <h2>A closer look at emergency loans</h2> <p>Many borrowers who take out an emergency loan never expect to need one. In fact, 40% of households with incomes of $20,001 to $50,000 have no money saved for emergencies, according ..read more
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What to Know About HELOC Interest Rates
Credible
by Daria Uhlig
1y ago
<p>One of the benefits of owning your own home is that you build equity you can tap into for cash. A home equity line of credit (HELOC) is one way to borrow against your home’s equity.</p> <p>A HELOC is a revolving line of credit, meaning you can borrow up to a certain limit, pay off the debt, and then borrow the funds again. Because your home serves as collateral for the credit line, a HELOC is actually a mortgage loan — also known as a second mortgage.</p> <p>Most HELOCs have variable interest rates that change periodically. However, there are exceptions. Here’s ..read more
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First-Time Homebuyer Requirements: How to Qualify
Credible
by Micah Murray
1y ago
<p>There’s good news if you’re feeling overwhelmed by navigating the homebuying process for the first (or even second) time. As an aspiring homeowner, you can take advantage of mortgages and loan programs tailored specifically to you, making the process more manageable and affordable.</p> <p>That assumes you meet first-time homebuyer requirements, however. These qualifications focus on your credit score and history, debt-to-income ratio, and income, among other factors. You can also be classified as a first-time homeowner even if this isn’t the first time you’ve purchased a p ..read more
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Home Equity Loan Amortization: How it Works
Credible
by Lauren Ward
1y ago
<p>Home equity loans allow you to tap into your home equity for cash, typically at a lower interest rate than with a personal loan or credit card. You’ll get a lump sum loan that you can use for home improvements, consolidating debt, or even to pay for education expenses.</p> <p>Payments on a home equity loan are usually fixed over the repayment term, meaning how much you owe won’t change over time. But like a first mortgage, home equity loan amortization means your payments are not equally split between principal and interest. Instead, the ratio gradually changes over time ..read more
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The First-Time Homebuyer Act of 2021: Explained
Credible
by Amy Fontinelle
1y ago
<p>The First-Time Homebuyer Act of 2021 would have given prospective buyers in 2021 or later a substantial gift: up to $15,000 in tax credits to make homeownership more affordable.</p> <p>Unfortunately, the bill hasn’t passed and doesn’t seem to be a priority among lawmakers. But if you’re curious about how it could help you if Congress ever revives it, here are all the details of what it offers and who qualifies.</p> <p><strong>In this post:</strong></p> <ul> <li><a href="#what-is">What is the First-Time Homebuyer Act of 2021 ..read more
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Down Payment Assistance Programs for First-Time Homebuyers
Credible
by Daria Uhlig
1y ago
Homeownership is still the American dream, according to a report by the National Association of Realtors. But saving for a down payment poses a serious obstacle for many would-be homebuyers. It’s an especially difficult challenge for first-time buyers who don’t have profits from selling one home to help pay for a new one. If you’re struggling to come up with a down payment on your first home, down payment assistance (DPA) programs can help. These programs consist of special loans, tax credits, and grants designed specifically to help first-time buyers purchase a home. In this post: What is do ..read more
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Current Personal Loan Interest Rates
Credible
by Sarah Maroney
1y ago
Personal loans are versatile tools that can be used to fund a variety of your financial needs, ranging from debt consolidation to home improvements. Compare personal loan rates Finding the best loan rates takes less than 2 minutes. Checking won’t affect your credit score. Loading widget - embedded-prequal Tips for finding the right personal loan for you Know what you need.  While personal loans are versatile, some lenders may limit what they can be used for. In general, lenders tend to avoid offering personal loans for business or college expenses. Common uses for personal loans include ..read more
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How to go to college for free
Credible
by Emily Guy Birken
1y ago
The cost of a college education has long been increasing faster than inflation. Tuition and fees in the 2011-12 school year averaged $9,890 at a public four-year college, with the cost rising to $10,740 in the 2021-22 school year according to CollegeBoard. The number is even greater for private schools — rising from $33,320 to $38,070. This can put college financially out of reach for many, but there are ways to get an education for free or at a drastically reduced price. Affordable ways to go to college Take out a private student loan Affordable ways to go to college While it’s virtually i ..read more
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25 Companies with Tuition Reimbursement Programs
Credible
by Mary Beth Eastman
1y ago
If you’re searching for the money to fund a college education, you might try checking at work. Employers know that an educated workforce is a competitive advantage in business; that’s why they offer tuition reimbursement programs to their employees. When your company offers tuition assistance, it’s a win-win. You get help paying for your degree, and your company attracts and retains qualified employees. But not all companies’ tuition reimbursements are the same. When examining such a program, you’ll want to review how much of your tuition is covered and if you meet the eligibility requirements ..read more
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