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Blanket Mortgage Loan

Blanket Mortgage Loans – Definition, Pros & Cons of Using for...

For real estate investors, juggling multiple property deals and loans can get complicated. Blanket loans often help to simplify matters by letting borrowers take out a single loan to cover multiple properties. Learn what blanket loans are, their pros and cons, and when to consider using one.
Prime Interest Rate People Crowd Forming Letters

What Is the Current Prime Interest Rate & How It’s Calculated...

When you hear economic news or apply for various loans, you may encounter references to the prime interest rate. The prime rate affects borrowers and the economy in several ways. What is the prime interest rate, how is it set, and why does it matter? Read on for a primer on the prime interest rate.
Balloon House Mortgage

Balloon Payment Mortgage – What It Is & How It Works

A balloon mortgage is a lesser-known type of mortgage that comes with unusual terms, a potential for huge savings, and enormous risk. It’s not right for everyone, but a balloon mortgage can be a great fit under the right circumstances. Should you consider a balloon mortgage? Learn more here.
Medical Expenses Pills Pharmaceutical Dollar Sign

Should You Get a Personal Loan to Pay Medical Bills?

Medical debt is one of the most common reasons to get a personal loan, but it's not appropriate for every potential borrower. Read on to learn how medical loans work, if it's the right option for you, and some alternatives.
Broken Egg 401k Sitting On Cash

Borrowing From Your 401(k) – 6 Reasons Not to Get a...

When it comes to retirement savings, there’s good news, bad news, and more bad news. The good news is that most Americans today have access...
Man Looking At Student Loan Papers

Should I Consolidate My Federal Student Loans? – When It Makes...

Federal student loan consolidation can help you manage multiple monthly payments to multiple servicers. And there are certain circumstances under which federal student loan consolidation makes sense. But it’s not right for everyone. Find out whether it’s the right strategy for you.
Student Loan Consolidation Note

How to Consolidate Federal Student Loans Into One Monthly Payment

If you’re one of the millions of Americans who’ve graduated with student loan debt, you're likely making multiple loan payments. It’s easy to feel overwhelmed by so many monthly payments. That’s where student loan consolidation comes in. But how do you do it, and what are your options?
Tax Refund Anticipation Loan

Tax Refund Anticipation Loans (RALs) – Why You Should Stay Away

A cash tax refund anticipation loan, also known as a RAL, is a way for a tax filer to get their refund immediately. Millions of tax filers take advantage of these quickie tax loans every tax season. But there are several reasons why this kind of loan is not a wise financial decision.
Man Counting College Savings Tuition Bill Fund

What to Do With Your Undergrad Student Loans Before Grad School

If you’re going to grad school, you probably have student loan debt left over from your undergrad degree. Ignoring it could be costly thanks to accruing interest and capitalization effects. Deciding on a plan to tackle this debt before heading back to school will help you save in the long run.
Loan Shark Tight Rope Business Risk

Loan Shark Prevention Act – What It Is and How It...

A 2019 study by Northwestern Mutual revealed some sobering statistics on consumer debt in America. It found that the average American adult has nearly $30,000 in debt,...
Young Woman Student Pointing To Credit Card Loan

How to Pay Off Your Student Loans With Low-Interest Credit Cards

Overwhelming student loan debt is a serious financial drag. One little-discussed strategy is appropriate for millions of private student loan borrowers with good credit: a low-interest credit card balance transfer. Learn how to use low-interest credit cards to reduce or eliminate your student debt.
Student Education Loans Books Piggy Bank

Federal vs. Private Student Loans – Which Are Better? (Pros &...

Not all student loans are created equal. Taking out the right kinds of loans is a key part of being able to manage your student debt after graduation. Here’s what you need to know to weigh your options between federal and private student loans.