Alexandria City, Arlington, Clarke, Culpeper, Fairfax, Fairfax City, Falls Church City, Fauquier, Fredericksburg City, Loudoun, Madison, Manassas City, Manassas Park City, Prince William, Rappahannock, Spotsylvania, Stafford and Warren counties: $1,209,750 All other counties: $806,500 Washington loan limits Caret Down Icon Summit and Wasatch counties: $1,149,825 All other counties: $806,500 Vermont…
With 2024 winding down, that means it’s time to think about resolutions for the coming year. As the year has seen an easing of inflation, the aftermath of increased costs has left a lasting impact on our savings and financial wellbeing. Almost half of Americans (47 percent) said in a…
Key takeaways Closing on a house is a complex process that takes several weeks and involves many steps for you and your lender. On closing day, you’ll sign a stack of documents, pay closing costs and receive the keys to your house. Several issues can delay closing, including a low…
Key takeaways Stocks and options are two very different ways that you can invest. With stocks, you take an ownership stake in the company. An option is a side bet among traders over what the price of a stock will be at a certain time. There are pros and cons…
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TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
This founder built his brand on a simple idea: Forget about changing the world. Get rich doing mundane and even…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
Voters in Washington State have decided to keep the state’s first-in-the-nation public long term care insurance program. On Tuesday, they…
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Key takeaways Top yields across all deposit account types are still outpacing inflation, which is currently at 2.7 percent. At least one money market yield exceeds 5 percent APY. It’s important to check that your savings yield is still competitive, as some banks and credit…
Dept Managmnt
Key takeaways A lien serves as an official notice that you owe a creditor for unpaid property. If you do not pay, the…
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With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration’s (SBA) refinancing…
Credit Cards
Key takeaways Actively using a credit card responsibly can help improve your credit score over time. Using your credit card like a debit…
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If you’re considering buying a home, chances are you’re not thinking much about Fannie Mae, a government-sponsored entity (GSE) that buys home loans from lenders. After all, Fannie Mae doesn’t offer mortgages directly to borrowers. But Fannie Mae does think about you – and other borrowers hoping to become homeowners.…
Navigating the world of personal finance is daunting for anyone, but it’s a particularly pressing concern for members of Generation Z as they begin their careers and become financially independent. Adult Gen Zers, aged between 18 and 27, are grappling with new financial challenges at a time of expensive college…
With all the excitement surrounding Bitcoin’s recent climb to over $100,000, many investors — new and experienced alike — are wondering if it’s time to hop on the crypto bandwagon. But don’t move too fast. Crypto is highly volatile and not backed by business performance or concrete assets like cash…
MoMo Productions/Getty Images Key takeaways LLC business loan document requirements are similar to those of other types of business loans Lender and loan type determine the type of documentation needed You’ll need documentation about yourself and your business finances, including tax returns and debt schedules Limited liability companies (LLCs) are…
Key takeaways A charge-off is a debt that has gone unpaid for a sufficient amount of time and is deemed uncollectible by the creditor. Charge-offs do not erase your debt, and you are still responsible for paying it. It may be handed over to a debt collector and can stay…
A covered call is an options trading strategy that offers limited return for limited risk. A covered call involves selling a call option on a stock that you already own. By owning the stock, you’re “covered” (that is, protected) if the stock rises and the call option expires in the…
Key takeaways A business loan provides one-time funding to help start or grow a business Lines of credit cover short-term financing needs and let businesses borrow funds repeatedly Banks, online lenders and CDFIs may offer term loans and lines of credit A business loan offers funding that small businesses need…
The biggest credit card industry development of 2024 occurred in February when Capital One announced an agreement to acquire Discover for $35 billion in stock. The biggest development of 2025 could be [dramatic pause…] Capital One actually acquiring Discover. You see, the transaction hasn’t closed yet because of regulatory hurdles.…
#Financial practicePersonal financeCredit1.Saving every monthBuilds financial security, enabling long-term planning and investment opportunities.Establishes an emergency fund, reducing reliance on credit in unexpected situations.2.Paying off credit card balances in fullFrees up money for other expenses or savings instead of paying highAvoids interest charges and improves credit score by maintaining a low…
Key takeaways Both charge cards and credit cards allow you to make purchases that you can pay off at a later date. Although charge cards typically come without preset spending limits, they typically require users to pay the balance in full each month. Credit cards allow users to carry a…
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