A balloon mortgage allows you to enjoy low monthly payments for several years — with a big catch. Your final payment amount “balloons,” which could result in a bill that is significantly more than what you have been paying. If you understand the risks and unusual features of a balloon mortgage, this loan type can … Read more
The earlier you discuss finances with your partner, the better you can plan for a future together. Ah, marriage. That time in life when compromise becomes inevitable. You can debate anything from what to eat for dinner to whether or not $3,000 is too much to spend on a Super Bowl ticket. Marriage unites every … Read more
So you’re eyeing the Credit One American Express Card and wondering if your credit score makes the cut? Buckle up because we’re diving deep into the credit score requirements for this card and everything else you need to know. The Sweet Spot: 640 or Better Candidates with fair to good credit—that is, those with a … Read more
We think its important for you to understand how we make money. Its pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make enables us to produce our other fantastic tools and instructional materials as well as to provide you with free … Read more
Thirty years is a long time. If you’re chipping away at a mortgage each month, it can feel even longer. But what if you could eliminate that financial ball and chain by paying off your mortgage early? The truth is that you can shorten your loan’s term by four to six years on average if … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
Hey there homebuyers! If you’re thinking about buying a home you’ve probably heard of FHA loans. They’re known for their low down payment requirements making them a popular choice for first-time buyers. But guess what? More and more first-timers are opting for conventional loans instead. So. what’s the deal? Let’s dive into the reasons why … Read more
We are an independent, advertising-supported comparison service. Our objective is to empower you to make confident financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, and allowing you to conduct free research and information comparisons. Issuers that Bankrate has partnerships with include American Express, Bank of America, … Read more
Larry and Loretta tried to do everything right. They saved money so they would have a down payment for buying a house. They tried to live within their means and keep up with their credit cards and rent payments. Then – they slipped. Despite their careful planning, they fell behind on their income taxes. As … Read more
Although the number 666 may evoke superstitions in some people, in the context of credit scores, this three-digit figure is regarded as fair rather than negative. If your credit score is 666, even a small improvement could help you get much better terms on a lot of loans. Additionally, it might increase your chances of … Read more