Alternatives to a Home Equity Loan
A home equity loan, or second mortgage, allows you to withdraw the equity you’ve built up in your home so you can use the cash to make repairs to your home, pay for college tuition, …
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What Is an Unrecaptured Section 1250 Gain?
Key Takeaways A higher unrecaptured Section 1250 tax rate applies to long-term capital gains for which a taxpayer has previously claimed depreciation. The IRC requires that claimed depreciation must be factored back in to arrive …
Terri Huggins – The Balance
Highlights More than 10 years of experience as a journalist covering topics like personal finance, parents, and mental health Former marketing and communications professional at a real estate company Host of local workshops discussing financial …
Peter Lauria – The Balance
Highlights Has more than 20 years of experience as a business writer and editor, covering everything form the business of media to high-level economics Former editor in charge of technology, media, and telecom at Thomson …
What Are Series HH Savings Bonds?
Key Takeaways Series HH savings bonds were a type of Treasury bond that directly deposited interest payments into an investor’s account. These bonds matured after 20 years and paid interest every six months, but investors …
Leveraged ETFs: What Are They?
A leveraged exchange-traded fund (ETF) is a type of financial product designed to track an underlying index at higher rates of return. It can offer returns as high as 2-3 times the returns of a …
What Is Title Insurance?
Key Takeaways Title insurance can protect both buyers and lenders from financial losses that may occur after a home sale. Lenders require borrowers to purchase title insurance to help protect their investment. A homebuyer must …
High-Value Home Insurance: What Is It?
Definition and Examples of High-Value Home Insurance High-value home insurance is a type of homeowners insurance that is designed for homes with high market value. A high-value home is defined as property worth $750,000 or …
What Is Loan/Lease Payoff Insurance?
Key Takeaways Loan/lease payoff insurance will pay up to 25% of your vehicle’s current cash value after your insurance company has paid you if the vehicle is stolen or totaled. Your insurer must declare the …
What Is Bad Credit?
Key Takeaways A consumer with bad credit is considered a risky borrower, usually due to owing large amounts of money or having a history of unpaid bills and debts. Having bad credit can make it …