If you own your home, your home equity may make it possible to access a significant amount of money when you need it. In fact, the average homeowner has around $206,000 of tappable equity in their homes. Moreover, home equity lending options typically offer competitive interest rates since they’re backed by your home. But home equity loan rates fluctuate in …
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For many people, taking out student loans is a necessary part of getting the education they need to succeed in life. Whether it’s for undergraduate studies or a specialized graduate degree, borrowing money to pay for education is a big decision – and there are options to consider (and multiple lenders to review). For instance, you’ll have to decide whether …
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Gold has for centuries been an attractive commodity. Not only is the precious metal viewed as a form of currency, but it’s considered an attractive investment commodity as well. That’s especially the case when market or economic uncertainty hits. In fact, gold is typically viewed as a safe-haven assetand inflation hedge. And, physical gold, like gold bars and coins, has …
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Health insurance can be used to cover a wide range of healthcare-related expenses, but in most cases, it won’t cover the cost of living in a nursing home, assisted living facility or with a full-time caretaker. Fortunately,long-term care insurancecan help to protect against these types of costs — which, according to insurance company Genworth, can range anywhere from $1,700 to …
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If you’re in the market for a new home, or you’re thinking about refinancing your current mortgage, you may have faced some challenges. With high mortgage rates and a limited inventory of homes to contend with, it can be difficult to find affordable options. But, doing so isn’t impossible. That’s especially true if you have a strong credit score and …
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Saving money can be a challenge in an economy with persistent inflation. After all, if your money doesn’t earn a return that’s at least equal to inflation, it will lose buying power. But, a certificate of deposit (CD) can help. That’s because today’s leading accounts come with higher returns than the current inflation rate. However, strong current returns aren’t the …
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It’s usually a wise idea to save money now for expenses you may face in the future. After all, you never know when a financial emergency might happen. And when one does, you’ll likely want a financial safety net to fall back on. “Things are going to happen,” says William Thompson, CFP and financial planner at Valor Wealth Partners, LLC. …
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While the current inflation rate is lower than it was in April of last year, it’s not back to normal quite yet. In fact, inflation has been headed up as of late – with March’s annual inflation rate coming in at 3.5% following a 3.2% inflation rate in February and a 3.1% inflation rate in January. As inflation continues to …
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