Author: Press Room
It feels like everything costs more these days—and some homeowners are looking for ways to increase cash flow without invading retirement assets. One way to do that? Reverse mortgages. Reverse mortgages are a creature of federal law. As part of the Housing and Community Development Act of 1987, the Federal Housing Administration (FHA) became responsible for insuring reverse mortgages. The program was initially designed to “meet the special needs of elderly homeowners by reducing the effect of the economic hardship caused by the increasing costs of meeting health, housing, and subsistence needs at a time of reduced income.” While not…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.875% as of May 21, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to…
Want to watch your money grow? A high-yield savings account allows your money to make money, with very little work from you. A high-yield savings account offers a higher interest rate on deposits made than a traditional savings account. Shortly after depositing into a high-yield savings account, you’ll see how much additional cash you are making in interest and regret not starting sooner. SAVE $10K IN A YEAR WITH THIS STEP-BY-STEP GUIDE But it’s not too late. Here’s everything you need to know about high-yield savings accounts and how you can open one today. How does a high-yield savings account work?What bank…
Let’s say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here. Ideally, what I would like members to be thinking about is a companion portfolio of up to a dozen stocks to a market index fund position — something we recommend for investors just starting to manage their own money. Your own portfolio. Curated by us. Selected by you. More than 12 names, unless you’re a stock junkie like me, might be too hard to stay on top. Remember, buy and homework is my motto, not buy…
If you ask financial pros for a list of money no-no’s, “keeping up with the Joneses” might just top the list.That’s because treating money management as a competition with your peers is one of the easiest ways to get into financial trouble. A purchase that may be well within a friend’s budget could end up putting you in debt. An investment that is well within their tolerance for risk could be completely inappropriate for yours.Advisors may disagree on how you should allocate your assets, but they’ll virtually all agree on one thing: You need to manage your money to meet…
The articles on a local news site popping up around the country appear to cover what any community outlet would focus on: crime, local politics, weather and happenings. “In-depth reporting about your home area,” the outlet’s slogan proudly declares. But a closer look at the bylines populating the local site and a national network of others — Sarah Kim, Jake Rodriguez, Mitch M. Rosenthal — reveals a tiny badge with the words “AI.” These are not real bylines. In fact, the names don’t even belong to real humans. The articles were written with the use of artificial intelligence. The outlet, Hoodline, is not the first or only news site to harness AI. News organizations across the world are grappling with how to take advantage of the rapidly developing technology,…
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Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseUS Supreme Court Justice Samuel Alito has refused to step away from cases involving Donald Trump and the 2021 attack on the US Capitol after reports of controversial flags flown at his properties had spurred calls for his recusal.In a letter to US senators who had called for his withdrawal, Alito on Wednesday said the incidents did “not meet the conditions for recusal” and that he was “duty-bound to reject” their request.The contention stems from recent media reports showing…
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Former President Donald Trump’s favorite Supreme Court justices might not even be the three he nominated. Trump congratulated Justice Samuel Alito, who was nominated in 2005 by then-President George W. Bush, after the jurist on Wednesday refused to recuse himself from cases related to the January 6, 2021, riot at the Capitol or the 2020 election. Alito said in a letter to lawmakers that he didn’t know that his wife had raised an upside-down flag in the days before…
