Parents who are sending their children to college frequently choose to use parent PLUS loans. These federal loans, which are accessible to parents of undergraduate students, can temporarily lower the cost of attending college. Parent PLUS loans have fewer repayment options and higher interest rates than federal loans that undergraduates can take out on their … Read more
In this tax worksheet, the taxpayer’s qualified mortgage loan limit and home mortgage interest deduction are calculated. Your clients want to purchase a home with a $1,200,000 mortgage. They want to know how much of the interest paid is deductable for home mortgage interest as well as the qualified loan limit. The qualified loan limit … Read more
When applying for a co-signed personal loan, you include a second borrower. Youre both responsible for paying back the loan. The majority of the items featured here are provided by our partners, who pay us. This could affect the products we write about as well as where and how they appear on a page. However, … Read more
Even though you already know not to use your retirement funds for irrational purchases, there are a few circumstances where borrowing money might be acceptable. A significant portion of personal wealth comes from retirement accounts: As of the end of the first quarter of 2018, the average 401(k) plan account balance at Fidelity Investments was … Read more
Deciding whether to pay a lump sum off your mortgage or to add extra money to your monthly payments is an important decision that requires careful consideration. There are advantages and disadvantages to both approaches, so it is important to weigh your options and determine the best approach for your particular situation. Paying a lump … Read more
The majority of the items featured here are provided by our partners, who pay us. This could affect the products we write about as well as where and how they appear on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our affiliates, and this … Read more
We are an independent, advertising-supported comparison service. Our mission is to empower you to make more informed financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, allowing you to conduct free research and information comparisons, and publishing original and objective content. Partnerships between Bankrate and issuers like … Read more
Note from the Editor: This article’s content is solely based on the author’s opinions and suggestions. It might not have received approval from any of our network partners through reviews, commissions, or other means. The Federal Housing Administration, a division of the United States S. Department of Housing and Urban Development (HUD). Due to lower … Read more
For a number of reasons, personal loans can be an important component of your financial planning. Maybe you’re trying to consolidate your debt or pay off some credit cards. If you can get approved, a personal loan may be a good way to help you achieve your goals. Personal loans are based more on your … Read more
The majority of the items featured here are provided by our partners, who pay us. This could affect the products we write about as well as where and how they appear on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our affiliates, and this … Read more