WELCOME TO THE MONEY KNOW HOW

Empowering Your Financial Journey

Lastest Articles

Is TruStage Auto Insurance Good? An In-Depth Look at Benefits, Costs & More

TruStage insurance offers an accessible auto insurance solution for credit union members who want to handle their banking and insurance needs in one place. But is TruStage auto insurance really a good choice compared to other carriers? In this comprehensive guide, we’ll take an in-depth look at TruStage car insurance to help you decide if … Read more

if i damage my own car can i claim on my insurance

Getting into an accident and damaging your own car can be frustrating and costly. You may be wondering if filing an insurance claim is an option when you are at fault. The answer depends on your auto insurance coverage. Collision and Comprehensive Coverage Pay for Own Damage There are two main types of car insurance … Read more

Is A Personal Loan Tax Deductible?

Taking out a personal loan is one way to access funds for a variety of purposes, from consolidating high-interest debt to financing a large purchase. However, one downside to personal loans is that the interest you pay is not tax deductible in most cases. When Personal Loan Interest Is Tax Deductible While personal loan interest … Read more

How to Claim Insurance for a Car Dent

Finding an unexpected dent or ding on your car can be upsetting. While minor cosmetic damage may seem harmless, repair costs can quickly add up. In many cases, you can file an insurance claim to cover car dent repair costs. Here is a step-by-step guide on how to claim insurance for a car dent. Notify … Read more

What is Tax Deductible Interest on Loans?

As a taxpayer, you are probably always looking for legitimate ways to reduce your tax liability and maximize your tax deductions. Claiming tax deductible interest on certain types of loans is one effective strategy to achieve this goal. Understanding what tax deductible interest is, the types of loans that qualify, deduction limits, and how to … Read more

Term Loans for Real Estate – A Comprehensive Guide

A term loan is a common financing method used by investors and businesses to purchase real estate. With a term loan, the borrower receives a lump sum of cash upfront and pays it back over a set period of time through fixed monthly or quarterly payments. Term loans offer many benefits for real estate investors … Read more

Understanding Residual Income Requirements for VA Loans

For eligible active-duty service members, veterans and surviving spouses, the VA loan is a really good deal if you’re looking to buy or refinance a home. Its benefits include a 0% down payment and a funding fee between 1.25% – 3.3% depending on the size of your down payment or equity amount and whether it’s … Read more

Calculate Your Modular Home Loan Payment with This Easy-to-Use Calculator

Are you thinking about buying a modular home? Modular homes offer many benefits compared to traditional site-built homes, such as faster construction time, lower costs, more customization options, and high energy efficiency. However, figuring out the mortgage payment for a modular home loan can be tricky. That’s where my handy modular home loan calculator comes … Read more

Can You Get An FHA Loan On A Foreclosure? Answers For Interested Homebuyers

Federal Housing Administration loans, or FHA loans for short, are government-backed loans overseen by the U.S. Department of Housing and Urban Development (HUD). FHA loans are available to borrowers with a less-than-ideal credit score and not a lot of cash on hand, and these loans give home buyers on a tight budget a chance to … Read more

Investment Property Loans for Veterans – A Comprehensive Guide

Department of Veterans Affairs (VA) loans are an attractive mortgage financing option for qualifying home buyers. If you’re an active-duty military member, a veteran or a surviving spouse, you can enjoy lower mortgage rates, limited closing costs and little to no down payment if you meet certain eligibility requirements for a VA loan. However, if … Read more

How to Write a Clear and Professional Sample Letter for Loan Payment

A loan letter or a loan application form is a structured, formatted legal document that is usually handed out by a loan agency or bank to the borrower. It usually states a request of a certain loan plan. These 7+ loan letter sample letter templates provides the best layout template, complete with great functional content … Read more

How to Get Approved for VA Home Loans With Poor Credit

If you are wondering about getting a VA loan with bad credit, you’re not alone. It is a common question asked by our veterans and active-duty service members. This article explores how securing a VA loan with bad credit is not only possible but also more accessible than you might think, thanks to the unique … Read more

VA Home Loan Requirements for Home Inspection – A Detailed Guide

Purchasing a home with a VA home loan comes with certain requirements for home inspection that buyers should be aware of As a VA homebuyer, understanding these requirements is key to ensuring your loan process goes smoothly In this comprehensive guide, we’ll walk through everything you need to know about VA home inspection requirements. Overview … Read more

What is the National Financial Hardship Loan Center?

Get the information and tools you need for paying off your debt faster than you thought possible. Financial hardship can strike anyone unexpectedly. Job loss, medical bills, or other emergencies can leave you struggling to pay your bills and make ends meet. In times of need, government and nonprofit programs exist to help. Unfortunately, scammers … Read more