So, you want to cancel a credit card. Whether you should do so and how to complete the task isn’t always so simple, though. Canceling a card requires more than just cutting it up, and retiring that piece of plastic can be either a wise financial move or an unnecessary ding to your credit score. Here’s how to decide if you should keep or cancel your credit card, and how to close your account the right way if you decide to bid it farewell.
With mortgage rates having risen over the past year, more mortgage borrowers are exploring ways to reduce their interest costs. One of these options are shorter-term loans – loans that are schedule to be repaid in less time. While 30-year mortgages are most popular, shorter terms, such as 15-year mortgages, are also available. A shorter mortgage term requires a larger monthly payment than a comparable longer-term loan, but the tradeoff often comes with attractive benefits. Here are the advantages of a shorter mortgage term.
For more than two years, the U.S. real estate market has been booming. Home values have increased at a record rate, properties have sold fast and buying a home in many parts of the country has become a challenge. Now, sales of existing homes are falling, price appreciation is slowing and some home sellers are even cutting their prices – all signs that the superheated housing market is finally cooling down. Here’s why this is happening and what may be ahead for real estate.
Many responsible Americans have struggled with medical debt and been unable to qualify for home financing as a result. But recently, the credit bureaus announced new rules that will improve the credit qualifications of many people with medical debt in collections. Here’s what’s changed and what it means.
Human beings love plants. We take long walks in nature, we obsess over our lawns and gardens and we bring flora into our homes in the form of houseplants. But more than mere window dressing, indoor greenery offers several benefits. Here are the common perks of keeping houseplants in your home or office.