While credit cards are convenient, they are often far from the best financing option – especially for larger ticket items. Commonly overlooked, personal loans are typically a much smarter choice that offer a slew of financial perks unmatched by credit cards.
Before the sticker price of rings sends you into a full-blown panic attack, remember there are financing options available. While you want nothing more than for your partner to love their ring, you also don’t want to completely derail your finances in the process.
The most common reason members refinance their vehicle loans is to save money. It’s a great way to reduce the total amount of interest you pay on your loan and free up extra cash each month. But there are other reasons why refinancing an auto loan could be in your best financial interest.
The combination of higher home prices and rising interest rates are forcing many would-be homebuyers out of the market. While conventional fixed-rate mortgages reign king during periods of low rates, other home loan options shine in uncertain markets. One of these loans is an adjustable-rate mortgage or ARM.
One of the simplest ways to better your credit is by correcting any errors on your report. While the process will require a little work on your end, the damage could negatively affect your score long-term if left unchecked.
Buying a new car is a significant financial move. While the process can be exciting, there’s also a level of intimidation. After all, you’re going up against some of the best salespeople when visiting a dealership. And while most dealers today aren’t shady, there are tactics they use to maximize the sale in their favor.
Whether it’s a summer vacation, unplanned expense, or extra funds to bridge the gap between paydays, credit cards typically reign king due to their high level of convenience. However, personal loans are often the superior choice in terms of affordability.
Much of today’s financial advice tends to center around buying a home. Yes, homeowners experience various fiscal benefits, such as building equity and potentially earning a return if they sell the property. However, not everyone is ready to become a homeowner – nor is it the best option for all.
During the pandemic, mortgage interest rates fell to some of the lowest levels ever recorded. Now, as inflation grips the economy, would-be homebuyers are facing climbing mortgage rates. While rising interest rates will decrease your buying power, there are moves you can make to limit the impact on your finances.
There’s a lot that goes into buying a home, but the most important step is planning. A home is a significant financial investment that extends far beyond the mortgage payment. Here are five things to avoid so that your home-buying experience is more enjoyable.
