Cash News Private mortgage insurance (PMI) is a type of mortgage insurance for conventional loans that protects the lender in case you default on your mortgage. Home buyers who make a down payment of less than 20% will be required to purchase PMI as a condition of the loan. Requiring PMI allows lenders to offer […]
Cash News Banks offer several financial products and services to both consumers and businesses. But as for-profit organizations, banks are in the business of making money. So, how do banks make money? Ultimately, it depends on the types of products and services they offer. But in general, it’s through various fees and interest charges. If […]
Cash News If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with […]
Cash News The Federal Reserve raised its benchmark rate 11 times between March 2022 and July 2023. As a result, savings interest rates rose sharply. And even though the Fed has since paused further rate hikes, savings interest rates have held steady. So, if you’re looking for the best rates available today, here’s a breakdown […]
Cash News Where you bank matters. It affects things like the amount of interest you can earn on your savings or how much it’ll cost to get a loan. It also impacts the convenience, accessibility, and overall experience of managing your money. Community banks are a local and more personal alternative to larger banks. They’re […]
Cash News If you were a first-time home buyer, had less-than-ideal credit, or owed a lot of debt while home shopping, you may have chosen an FHA loan rather than a regular conventional mortgage. While this type of mortgage insured by the Federal Housing Administration has made homeownership possible for many Americans, it comes with […]
Cash News The United Gateway℠ Card is a straightforward airline card with a $0 annual fee, making it a good fit for travel card newbies. You’ll need to fly United occasionally to maximize this card’s perks, so it could be a good addition to your wallet if you’re seeking some basic United-specific perks but aren’t […]
Cash News If you have a larger tax bill than you expected, you may be trying to figure out how you’ll pay Uncle Sam, such as turning to a credit card. Can you pay taxes with a credit card? Yes — but there is a catch: using a credit card can incur added fees. It […]
Cash News For some time now, as online banking and payment apps like Venmo and Zelle have become popular, check writing has been on the wane. But for generations, that wasn’t the case. People used to receive paper checks all the time; anyone and everyone quickly learned how to endorse a check. But we are […]
Cash News Certificates of deposit (CDs) offer some of the best interest rates for an account with little or no financial risk. But if you’re not completely sure whether a CD is right for you, understanding how to calculate CD interest can help you compare your options and determine which one is the right fit. […]