Key takeaways You don’t need to put 20 percent down to get a mortgage, and some mortgages don’t even require a down payment. You can get a conventional mortgage with 3 percent down, but with anything less than 20 percent, you’ll have to pay mortgage insurance. Making a larger down…
Key takeaways Prescreened credit card offers target qualified consumers based on their credit score, credit utilization, and location. Advantages of presecreened offers include saving time when comparison shopping. Disadvantages include increased junk mail and the risk of identity theft. You can choose to opt out of prescreened offers.…
Nobody likes getting an audit notice in the mail, which is why it’s critical to complete your business taxes in a thorough, correct and timely manner. Unfortunately, it’s easy to get tangled in the details of tax code and feel overwhelmed by all the ins and outs of your paperwork.…
As a business owner, your company’s financial health depends on smart money management. Whether you’re building an emergency fund or setting aside cash for new equipment, choosing the right savings vehicle is crucial for your business’s growth and stability. From standard savings to high-yield options, each type of business savings…
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Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
The Covid pandemic crushed immigration and demand for Nova Credit’s tech. Then its founder discovered a second line of business.…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than…
When most people think of identity theft, they envision criminals and other miscreants using their private data to open new…
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How two Chinese women turned their Ph.D. theses into machine learning that makes connections between seemingly unrelated events to discover emerging fraud schemes. By Hank Tucker, Forbes Staff Back in 2006, after earning her Ph.D. from Carnegie Mellon, Yinglian Xie wasn’t thinking about whether she…
Dept Managmnt
Key takeaways Governments often borrow money to cover deficits when taxes and other revenues don’t cover expenses. The national debt is the total…
Banking
From Mount Olive, North Carolina to Anchorage, Alaska, each of the top 10 banks on Forbes’ ranking of 100 publicly traded banks are…
Credit Cards
Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
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Key takeaways A car lease agreement is a legal contract laying out the terms of paying for and using a car over a set period of time. Before you sign a lease agreement, make sure you understand its terms, such as acquisition fees or monthly payments. You may also notice…
If you’re a small business owner looking for financing options, you may have come across the term “SBA loan.” But what exactly is an SBA loan? In this blog post, we’ll dive into the details of what SBA loans are, the pros and cons, and how to apply, while helping…
Key takeaways To prepare for getting a mortgage, be sure to know what you can realistically afford, how much you’ll have saved for a down payment and if you need to improve your credit score before applying. Comparing offers from multiple lenders — at least three — could save you…
We could all use a little extra money, and a good side hustle is one way to get it. A side hustle could help you save enough for a down payment on a car or house, fund that vacation you’ve always wanted, boost your investment portfolio, help you pay down…
Small businesses are critical to our nation’s success. That’s why the federal government launched the Small Business Administration (SBA) to help foster small businesses in America. Although the SBA offers many resources, one of the most well-known are SBA 7(a) loans. In this guide, we’ll go over what an SBA…
Key takeaways Lending discrimination is not new, but policies such as the Equal Credit Opportunity Act penalize lenders for discriminatory practices. Critics of current credit-scoring models argue that inputs such as income and homeownership still include racial bias. Communities of color often have less access to financial services for various…
One of the main factors people consider when deciding whether to hire a financial advisor is cost. But costs can vary significantly from one advisor to the next. Here’s what you need to know about the costs of hiring a financial advisor, and how the different fee structures work. Key…
Key takeaways American Express® Business Line of Credit and Fundible both offer business lines of credit Choose American Express® Business Line of Credit if you have fair-to-excellent credit and want a line of credit Choose Fundible if you have poor credit and want to choose from several types of loans…
New partnership with Lendio enables Payro Finance to offer expanded coverage for small businesses seeking financing solutions. Feb 18, 2024, Lehi, UT – Lendio, the leading small business lending marketplace, and Payro Finance, a top-rated business finance company serving small and medium-sized businesses, today announced a new partnership to expand…
Open to first-time and repeat buyers Open to multi-family properties Assistance is partially forgivable Repayment is deferred until you sell the home Can be used for down payment and closing costs Cons: Buy a primary residence in the Louisville metro area Earn 80 percent or less of the AMI Be…
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