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 …
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 …
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 …
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 …
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 …
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 …
Key Takeaways An enhanced life estate deed transfers ownership of property after the owner’s death without the necessity for probate. The owner retains control of the property after the deed is in place and during …
If you’re looking for flexible funding, you can tap into your home equity with a home equity line of credit (HELOC). A HELOC is a revolving line of credit that uses your home as collateral. …
Average 30- and 15-year mortgage rates climbed back toward their recent peaks, the latest in a series of up-and-down swings. The average on a conventional 30-year fixed mortgage rose to 5.92% from 5.77% the previous …
If you’re like most people, you’ll need to take out a mortgage to buy a home. According to the US Census Bureau, 94% of people who bought a home in 2021 purchased it with a …