Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Semi-truck loan timelines range from 24 hours to up to 90 days, depending on the lender and loan type Banks and credit unions tend to take longer to fund semi-truck loans than online or direct lenders Check eligibility requirements and…
Buying a home is an expensive process, and one of the most significant expenses you’ll pay is often your real estate agent‘s commission. When you consider the fact that each agent involved in a transaction typically earns 2.5 to 3 percent of the home’s sale price, the total cost of…
Key takeaways Applying for preapproval can help you know how much you can afford and negotiate at the dealership. The higher your credit score is, the lower your interest rates may be. Lenders offer competitive terms to borrowers with good to excellent credit. Have a budget in mind and know…
Andrei Medvedev/Shutterstock Key takeaways A pocket listing is a home for sale that isn’t publicly listed on the multiple listing service (MLS). Sellers can work with agents to let them know they prefer to keep their home quiet and only make it available to serious buyers. Some agents love pocket…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
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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…
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Key takeaways Cashback Monitor offers a snapshot of earning rates across dozens of shopping portals, so you can easily see which site offers the most cash back, points or miles. You can customize the Cashback Monitor site to show your preferred shopping portals and other…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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Key takeaways Parent PLUS loans are offered to parents by the federal government to help cover their child’s higher education expenses. Refinancing can help if you want to lower your monthly payment, transfer the loan to your child or make it more manageable. You can also refinance your parent PLUS…
Ariel Skelley/Getty Images Key takeaways You’ll need a credit score of at least 620 for a conventional refinance. Credit score minimums for other types of refinances range from 580 to 700 or higher. Refinances, like purchase mortgages, come with minimum credit score requirements. The specific requirements vary depending on your…
For most adolescents that come from underprivileged families, uncertainty about what they want to do after high school is very high. So, adding on top of it being undocumented, college becomes more of a luxury than a ‘need,’ so most of my cousins went straight into manual labor. — Jesus…
Key takeaways To calculate your debt-to-income ratio, add up your monthly debt obligations and your gross monthly income and then divide your debt by your gross income. While every lender and product will have different ranges, a DTI of 50 percent or more is considered high by most companies. Your…
Photography by Getty Images; Illustration by Bankrate Key takeaways FAFSA updates may be required if your financial, tax or personal information changes. You may also need to make updates if you choose to apply to a new school or if the financial aid office selects you for verification. Making updates…
Key takeaways You can renegotiate, refinance or sell your vehicle to get out of a car loan you can’t afford. Refinancing can be a good option if your credit score has improved since you initially took out the loan. When trying to exit a lease early, be aware of potential…
Tax season has arrived, and if you’re expecting a refund, now’s your chance to use that cash wisely and make real strides in your financial journey. Whether you’re stuck in credit card debt, struggling to save for the future, or simply wondering how to stretch that refund further, there are…
Key takeaways A lien is a lender’s legal right to a vehicle and it remains in place until a car loan is fully repaid. It’s best to get a lien removed before finalizing a purchase when buying a used car. When purchasing from a private seller, get a letter from…
PeopleImages/Getty Images Key takeaways A 15-year mortgage means larger monthly payments, but a lower interest rate. A 30-year mortgage offers a more affordable monthly payment, but you’ll pay more in interest. Over time, a 30-year mortgage is substantially more expensive than a 15-year loan. Your monthly mortgage payment will probably…
Cash App incorporates banking, spending and investing all into a single streamlined app. The banking side includes a debit card and early access to your paycheck when you set up direct deposit. Swipe over to the investing side and you can invest with just $1 in your account. You can…
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