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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...
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...
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...
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...
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...
Housing market fact or fiction: 49% believe now is a bad time to buy — but is it really?
Bankrate via Yahoo Finance· 6 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...
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...
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...
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...
