Once they’ve maxed federal financial aid, many students turn to private student loans. They can be used for a variety of educational expenses, including tuition, housing, books and computers. Available from traditional banks, credit unions and fintechs, private student loans tend to have higher limits and a faster approval process than federal loans. If you
When larger banks stepped out of the reverse mortgage market in the 2010s, Finance of America gobbled up much of the demand to become one of the biggest names in the field. Today, FOA is the second-largest reverse mortgage provider after Mutual of Omaha. In 2024, it originated 8,995 loans, worth a total $1.9 billion.
The higher your credit score, the better your chances of approval on financial products with a lower interest rate. Even if you have a fair or bad credit score, though, you have options. Some lenders approve applicants with credit scores below 580 for personal loans to cover medical bills, household repairs, debt consolidation and other needs.
Today, after a year-long pause, interest resumed on student loans enrolled in the Saving on a Valuable Education (SAVE) plan. Launched by the Biden administration in 2023, SAVE was intended to give borrowers an affordable path to repaying student loans. But it’s been in limbo since last summer, when federal courts blocked it in response to
Small business loans can be instrumental in helping businesses reach new heights. Getting approved for them, however, can sometimes be challenging for borrowers with lower personal credit scores (think scores below 670). Small Business Administration (SBA) microloans are ideal for those with bad credit as they often have less strict eligibility requirements than other government-backed
If you’re considering private lenders to help you finance your education as a student, there are several reasons to consider Earnest as a potential lender. Earnest provides loans for a variety of educational circumstances including undergraduate and graduate loans, law school and medical school loans and even half-time student loans. Plus, applicants can borrow up
With the mortgage market in turnaround, many homeowners are looking to tap their home equity rather than sell. One of the largest home lenders in the U.S., Rocket Mortgage, also has some of the most generous limits on home equity loans: up to $500,000. We also like that this online lender consistently ranks tops for
Your lender may sell your mortgage to another financial institution after you close. It’s actually not uncommon for a loan to be sold more than once. If your mortgage is sold, your rate, terms and payment plan will all remain the same. You’ll just have to update your details with the new mortgage company, which
Amid an ongoing housing crunch, online lender Rocket Mortgage has started offering bridge loans, a form of short-term financing that enables borrowers to buy their new home before they’ve sold their current one. Also known as gap loans and interim financing, bridge loans are most often used by homebuyers to help with down payments and
Amid an ongoing housing crunch, online lender Rocket Mortgage has started offering bridge loans, a form of short-term financing that enables borrowers to buy their new home before they’ve sold their current one. Also known as gap loans and interim financing, bridge loans are most often used by homebuyers to help with down payments and