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Does a HELOC affect your credit score?
Bankrate via AOL· 5 months agoKey takeaways HELOC applications require a hard credit pull, which does temporarily lower your credit score. Closing a HELOC and carrying a big debt...
Are installment loans secured or unsecured?
Bankrate via Yahoo Finance· 1 year agoInstallment loans can be either secured or unsecured. However, the loan type is dependent on a few factors, including the lender, the intended loan...
What is negative equity? A guide to underwater mortgages
Bankrate via AOL· 4 months agoKey takeaways Negative equity occurs when your home's value sinks below the amount you owe on it...
What is collateral for a mortgage, and how does it work?
Bankrate via Yahoo Finance· 6 months agoKey takeaways Collateral is something that backs — or secures — a loan. It makes the loan less...
The prime rate just soared to its highest level since before the pandemic — here's everything you...
MoneyWise via Yahoo Finance· 2 years agoThe prime rate is the interest rate major banks offer to their borrowers with the best credit — in...
Fed increases key interest rate by 0.75 points again. How will it affect the economy and you?
USA TODAY via Yahoo Finance· 2 years agoAnother month, another outsize interest rate hike. The Federal Reserve raised its key short-term...
Mortgage interest deduction: What it is and what qualifies
Bankrate via Yahoo Finance· 2 months agoKey takeaways The IRS may let you deduct interest paid on your mortgage on your federal income tax...
Housing market fact or fiction: 49% believe now is a bad time to buy — but is it really?
Bankrate via Yahoo Finance· 7 months agoCOVID first rocked the world back in 2020, but the housing market continues to feel the effects....
What is hypothecation?
Bankrate via Yahoo Finance· 2 months agoKey takeaways Hypothecation means offering an asset as collateral, or as backing for a loan.If you default on the loan, the lender can take the asset to...
Out-of-pocket healthcare: Average costs and how to finance them
Bankrate via Yahoo Finance· 12 months agoHealth insurance can take away some of the sting of medical bills, but even with insurance, many...