Hey there folks! If you’re sittin’ there wondering, “Can I avoid capital gains tax by paying off my home loan?” then you’ve come to the right spot. I’m gonna break this down for ya in plain English no fancy tax mumbo-jumbo. The quick answer? Nah, just clearing out your home loan ain’t gonna magic away … Read more
Should you want to show off your wealth, this gold-plated card may be worth the price, but only if you can pay the yearly fee. Feb 20, 2025 / 13 min. At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products … Read more
Hey there folks! Ever been scrollin’ through car ads or dreamin’ about a new ride only to see those sweet deals tagged with “for highly qualified buyers only”? Man, it stings when you ain’t sure if that’s you. Or maybe you’re eyeing a big purchase—house, car, whatever—and wanna know how to get the best loan … Read more
In one way or another, we’re all chasing the American Dream. Not the white picket fence per se, but the sense of security that comes with it. You know, the relief of paying your bills on time. The pride that comes with covering your kids’ tuition. The satisfaction of owning a home you love. The … Read more
How much your credit scores are impacted by student loan settlement depends on a variety of factors like: It’s always better to pay the full balance of your debts. Paying off a debt will appear as “paid in full” on your credit. This shows lenders that you fulfilled your obligation, and they’re likely to get … Read more
One of the first steps on your home-buying journey is saving up for a down payment. A down payment is an upfront lump sum that a buyer pays toward the purchase price of a home, which is separate from closing costs. It’s typically expressed as a percentage of the total cost of the home, with … Read more
In general, keep unused credit cards open so you benefit from longer average credit history and lower credit utilization. Consider putting one small regular purchase on the card and paying it off automatically to keep the card active. A crowded wallet and the temptation to spend might have you thinking about canceling unused credit card … Read more
You can sell a car with an existing loan by first determining your carâs value, contacting your lender and calculating your equity. Then list your car, finalize the price and pay off the loan. So, you want a new car but still owe money on your current one. Not a problem. You can sell your … Read more
Carrying a balance on your credit card means youâve paid off a portion of what you owe and left the rest for the next billing cycle. There are lots of reasons you might carry a balance. But itâs important to understand how it might affect interest charges, credit scores and more. Carrying a balance on … Read more
Into each life some debt must fall, to borrow the famous adage about rain. And just like April showers bring May flowers, the right kind of debt at different points in life can help you have a good future. Your first student loan, car loan or mortgage, for example, is often viewed as a rite … Read more