When you’re shopping for a home, you’ll be making many decisions, from the price of the house you can afford to the neighborhood you want to live in. Another important decision is the type and length of your mortgage. There are several types of mortgages, each offering unique characteristics and benefits. The right type of
Key takeaways: The Department of Education published a first draft of the White House’s newest student debt relief plan rules on April 16. The administration’s latest student loan forgiveness plan could wipe out balances for 25 million borrowers. Millions could see their debt automatically canceled as soon as this fall. The White House announced a
Depending on who you ask, the biggest obstacle for homebuyers is either mortgage rates, home prices or inventory. Or often all three. I’ve been writing about how steep mortgage rates negatively impact affordability for the average borrower, but I was curious to explore the impact of today’s housing shortage. In a balanced housing market, there
As an avid Mint user for years, I was heartbroken when the popular budgeting app shut down on March 23. I loved its easy navigation, variety of features and unbeatable price of $0. What could I find to take its place? Mint encouraged its users to migrate their data to Credit Karma, which is owned
When Mint shut down on March 23, millions of people found themselves without a tool to help them manage their money. As one of these people, I was bummed. The popular budgeting app was easy to use, had lots of great features and cost the low, low price of $0. Mint encouraged its users to
I’m all for finding ways to make extra money, but I don’t love when financial experts recommend taking on a side hustle without explaining how to fit it into your schedule. Sure, a second gig can help you pay down debt or grow your savings, but it can also be draining. Who has the time and energy
Were the good old days really all that good? Sure, when mortgage rates were below 3%, it was a lot cheaper to purchase a house, but we were also in the middle of a global pandemic. At the start of 2021, the average rate for a 30-year fixed mortgage was 2.65%, according to data from
