Can Rental Income Help Me Get a Mortgage?

Mortgages

Can Rental Income Help Me Get a Mortgage?

Can Rental Income Help Me Get a Mortgage?

You may not know this, but you can use projected rental income to qualify for a mortgage on a new property you’re looking to buy and lease out. Here’s how it works. Some mortgage companies will give you the benefit of fair-market rents when you purchase a property with the intention of renting it out.... Read More

How the Color of Your Car Can Affect Its Resale Value

Auto Loans

How the Color of Your Car Can Affect Its Resale Value

How the Color of Your Car Can Affect Its Resale Value

It’s common knowledge that a car’s value begins to depreciate as soon as it leaves the sale lot. But did you know its color can affect its resale value as well? According to a new study by iSeeCars.com, an automotive data and research company based in Boston, color plays a huge role in determining a car’s retained... Read More

5 Things That Aren’t Worth As Much Money As You Think

Personal Finance

5 Things That Aren’t Worth As Much Money As You Think

5 Things That Aren’t Worth As Much Money As You Think

How much money is your stuff worth? Chances are, you think your possessions are more valuable than they actually are. Economists even have a name for the phenomenon: the endowment effect. Whether it’s a car, a stock or a stack of old books, people tend to assign a greater value to items they already own... Read More

Even 3-Year-Olds Know When You Owe Them

Personal Finance

Even 3-Year-Olds Know When You Owe Them

Even 3-Year-Olds Know When You Owe Them

Perhaps we can all be grateful that toddlers aren’t professional debt collectors. Hypothetically speaking, let’s say you’re in debt and someone sent a 3-year-old to your door. One glance at those large, innocent eyes looking up at you and asking you to settle up would probably send you running for your checkbook. I doubt you’d even... Read More

The Credit Card Perk Millennials May Be Missing Out on

Credit Cards

The Credit Card Perk Millennials May Be Missing Out on

The Credit Card Perk Millennials May Be Missing Out on

Even though we have a reputation for being somewhat flighty and irresponsible, millennials are generally savvy consumers. In fact, we’re often more budget-conscious than older consumers. TD Bank’s recent Consumer Spending Index polled 1,500 consumers on their spending habits. On average, Americans spend about $1,000 per month on discretionary items like dining out, retail and... Read More

Millennials Will Ghost Their Bank in a Heartbeat

Personal Finance

Millennials Will Ghost Their Bank in a Heartbeat

Millennials Will Ghost Their Bank in a Heartbeat

Everything is going great in the relationship, or so it seems — until one day, that loyal bank customer closes their account and vanishes without any explanation. According to a new FICO survey, that’s exactly what’s happening with a lot of millennial banking customers. In fact, the survey found that this demographic is two to three... Read More

The Best Jobs for Entry-Level Workers

Students

The Best Jobs for Entry-Level Workers

The Best Jobs for Entry-Level Workers

With back-to-school season now in full swing, the last thing on students’ minds is finding a job. But with more college graduates being saddled with student loan debt, landing a job isn’t just a goal but an imperative. Student loan borrowers in the class of 2016 have an average debt of $37,172, which, as we reported earlier this year,... Read More

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