Hero Images Inc/Getty images Key takeaways A mortgage rate lock extension fee is a charge you pay to retain the interest rate you were initially quoted after the original lock period expires. A lock extension fee typically costs a few hundred dollars, but it can vary by lender, the reason…

Options are a popular way for traders to make money in the market. While basic option strategies let traders take big swings — with some big risks — more advanced multi-leg options strategies allow traders to hedge their risks, giving them more fine-tuned exposure and payoffs. But what all options…

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Rocketclips, Inc./Shutterstock Key takeaways The Good Neighbor Next Door program offers qualifying buyers a chance to purchase a HUD-owned property for half off the list price and a down payment as low as $100. To qualify for the program, you must be a teacher, law…

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Living in Delaware comes with one money-saving perk: no sales tax. However, it’s still a relatively pricey place to buy a home — especially as prices have ticked up almost 6 percent year-over-year. Whether you’re a first-time homebuyer looking to live on the beach or planning to move to downtown…

Key takeaways It is possible to get another mortgage after going through foreclosure. You must generally observe a waiting period after foreclosure before receiving another mortgage. Waiting periods vary by loan type. Before applying for another mortgage, re-establish your income and focus on improving your credit score. How long after…

Alistair Berg/Getty Images Key takeaways A VA rehab loan allows you to buy and renovate a house with one loan using your VA benefit. Many mortgage lenders offer VA loans, but not all offer VA renovation loans. You can only use a VA rehab loan to make safety and accessibility…

Key takeaways DACA recipients can apply for college in most states, but they don’t qualify for federal aid. Some states allow DACA students to qualify for state aid or in-state tuition. DACA recipients may require a cosigner to get approved for private student loans, which can be a barrier to…

Key takeaways With one deceased parent, students can file the FAFSA using the information of the surviving parent only. If both parents are deceased, the student is considered an independent and should file the form without any parental information. If a parent dies after the FAFSA is submitted, adjustments can…

Mango Productions / Getty Images Key takeaways With divorced or separated parents, the one who provides you with the most financial support is typically who lists their income and tax information on the FAFSA. With 50-50 split custody after the divorce or separation, the parent with the greatest financial means…

Key takeaways The Discover it® Secured Credit Card is one of the best secured cards on the market. This card comes with a welcome offer and the opportunity to earn rewards on your spending, features that are not standard for most secured cards. In addition to reporting your credit activity…

Key takeaways Timeshare loans are often affiliated with timeshare property developers and have steep interest rates. Personal loans from banks and other financial institutions may be a better choice for buying a timeshare. Home equity loans, cash and credit cards can also be used to purchase a timeshare. Frequent travelers…

Key takeaways Students can still be eligible for federal student aid even if they have not registered for the Selective Service System (also known as the military draft). Legislation passed in 2020 made the FAFSA and Selective Service registration processes separate. Not all students are required to register for the…

Key takeaways Lenders typically require that student loan money be used towards school expenses and basic living necessities. Leisure activities and luxury purchases, such as taking a vacation or buying high-end clothing, aren’t valid uses of a student loan and could land you in trouble with your lender. Create a…