Current CD prices: July 2021

Interest rates on certificates of deposit have remained stable so far this year after steady declines throughout 2020. You can still find high yield CD rates double the national average of 0.27% for five-year terms and triple the…

How Much Home Can You Really Afford?

You have shopped several lenders to find your best mortgage rate, and now you expect your pre-approval letter. If you're a first-time home buyer, it's natural to hope for a lot - you want to qualify for as much home as possible. But…

How to invest your 401 (k)

Nothing is more central to your retirement plan than your 401 (k). It accounts for the biggest chunk of most retirement pips.Find the money to save in the account is just the first step. The second step is to invest, and it's a place…

How to get a scholarship

There is a free cash bonus for college which is up for grabs if you know how to get it.The scholarships do not have to be reimbursed, which means that they are completely free. By winning scholarships, you may be able to reduce the amount…

How to configure your 401 (k)

With every new job comes a stack of documents to sign, initial and, months later, try to remember where they were hurriedly thrown. Run too fast through this first day ritual and you could leave thousands of dollars in employee benefits on…

Regulation Z Definition

What is the Z regulation? Regulation Z is the regulation of the Federal Reserve that implemented the The Truth in the 1968 Loan Act, which was part of the Consumer Credit Protection Act of the same year. The main objectives of…

What is a recession? – NerdWallet

Rumors of an impending recession have been circulating for some time. Amid the longest-ever economic expansion in U.S. history and a rapidly growing pandemic, those whispers have turned to screams - and fears escalate. For many, it is…

Definition of warranty

What is the guarantee? Collateral is the use of a valuable asset to secure a loan. If the borrower defaults on the loan, the lender can seize the asset and sell it to make up for the loss. Asset collateral provides…

How to Avoid PMI When Buying a Home

Private mortgage insurance, or PMI, is insurance coverage that protects the lender in the event of a borrower defaulting on a mortgage.Typically, a lender will ask you to pay the PMI if your down payment is less than 20% on a conventional…

Western Union Money Transfer Review

Western Union is the world's largest money transfer provider with over 500,000 locations in over 200 countries and territories. Unlike many providers, Western Union offers domestic and international transfers; the ability to send or…

What is work-study? A student guide

Work Study is a federally and sometimes state funded program that helps students in financial need find part-time employment.It won't cover all of your college costs - you'll need a combination of personal savings, scholarships, subsidies…

Can a student loan lawyer help me?

If you're feeling stuck in a student loan black hole, like in default, you might consider several options, including legal recourse. But is a lawyer the right way to solve your debt problems?Qualified student loan attorneys can analyze…