Credit Card : Pros & Cons , Cost & Benefits

A credit card is a payment card issued by a financial institution that allows you to borrow money, usually up to a set credit limit. This money needs to be repaid each billing cycle, otherwise you’ll have to pay interest (unless it’s a 0 percent credit card during its promotional period). If you choose to only pay … Read more

Low Interest Personal Loans in 2021

Personal loans are generally short-term loans provided by banks, peer-to-peer lending platforms and credit unions. Depending on who the money is borrowed from, the proceeds can be used for consolidating credit card debt, making a major purchase or even taking a vacation. Low-interest loans typically have an interest rate below 12 percent. Loan terms vary by … Read more

Mortgage : Pros & Cons , Cost & Benefits

A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a series of regular payments. The property serves as collateral to secure the loan. The Census Bureau estimates that in 2019, 62 percent of owner-occupied properties had … Read more

FHA Loans : Pros & Cons , Cost & Benefits

An Federal Housing Administration ( FHA ) loan is a mortgage insured by the Federal Housing Administration. Allowing down payments as low as 3.5% with a 580 FICO, FHA loans are helpful for buyers with limited savings or lower credit scores. What is FHA Loans ? An FHA loan is a mortgage insured by the … Read more