Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance decreased to 6.93% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.89%. For 20-year mortgage refinances, the average rate is … Read more
But capping interest rates is not a cure-all for debt-driven woes. A 2018 World Bank study of interest rates on loans in other countries found that interest rate caps set below market rates reduced access to credit for low and middle-income borrowers. Banks take on risk by extending credit to consumers, and that risk increases … Read more
You’ll need to take a multi-pronged approach to maximize your credit card rewards. 1. Choose a Card That Matches Your Spending and Travel Habits You’ll want to use a card (or cards) that offer bonus points in spending categories that are meaningful to you. It’s also important to ensure the type of rewards you earn—whether … Read more