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New American Funding •

House Hacking: How to Buy a Home and Have Someone Else Pay Your Mortgage | New American Funding

Roommates aren’t just for college students or young singles living in expensive cities. If you’ve been wanting to become a homeowner but don’t know if you can afford the monthly mortgage payments, you may be able to buy a home, live in it—and have someone else pay for it.
House hacking typically involves buying a single-family home and either sharing it with roommates or purchasing a multifamily, like a duplex or triplex, and living in one unit while renting out the others. It can also include a...
New American Funding •

Seasonal Home Maintenance: Protecting Your Biggest Investment Year-Round | New American Funding

There’s nothing like the first few months in your new home. There’s a thrill in choosing just-the-right paint colors, finding stylish furniture for your space, and creating the home that you always dreamed would be yours.
But after the paint dries and you’ve settled in, there’s more to homeownership than just paying the mortgage. It’s time to think about home maintenance. 
Your home is likely your largest financial asset, so maintaining its structural integrity should be a priority. While home r...
The Military Wallet •

Tax Benefits of Deployment: Combat Pay, Tax Filing Extensions and Much More

Serving in a combat zone is mentally, physically, and emotionally difficult for both servicemembers and their families. Fortunately, the military attempts to relieve some stress by offering tax advantages on military pay to servicemembers deployed to combat zones. With a few key tax deductions, your time in the field can be financially beneficial. 

We’ve created your go-to guide to tax benefits and exclusions only available to those se...
New American Funding •

Homeowners in Need of Cash: Choosing Between a Cash-Out Refinance or a Personal Loan | New American Funding

As a homeowner, you could be living in a metaphorical piggy bank.
Your home’s equity can be the capital you need to buy that vacation home, pay down high-interest debt, or start that renovation that will improve your quality of life.
You can tap into your home’s equity with a cash-out refinance of your mortgage. Plus, there are other options, such as personal and other types of loans. 
Your goals and financial needs should dictate which sort of loan you choose, said New American Funding loan con...
Money •

What Is a Balance Sheet?

Assessing the health of a company can be tricky. Luckily, there are financial statements that give investors, shareholders and employees a glimpse at the inner workings of an organization. One of the most important documents, a balance sheet is a snapshot of a company, showing its debts, assets and how much shareholders have invested, all for that specific moment.
A balance sheet is a financial statement that shows a company’s assets, liabilities and shareholder equity at a...
Money •

6 Best Short-Term Investments

Finding somewhere to park money for the short term can put investors in a tough situation. While it usually doesn’t make sense to invest money in the stock market if you’ll need it within the next year or so, it can also cost you to keep your money in cash in a traditional bank account.
Enter short-term investing.
Short-term investments give you easy access to your hard-earned money, but also ensure that money is not sitting idly in cash....
Investopedia •

How to Get Out of a Reverse Mortgage

Reverse mortgages are complicated financial tools that offer a lifeline for senior homeowners who need cash flow. But sometimes situations change, and those same people regret their decision. Is there anything they can do to get out of a reverse mortgage?

The answer is yes. Depending on your situation, it’s possible that the sooner you try to exit, the better.

Reverse mortgages are loans available to homeowners ages 62 and older. Instead of borrowing money from a bank to pay for a house or c...
CNN Underscored Money •

8 business loan requirements, and application pitfalls to avoid

Like with consumer lending products, business loan requirements weed out risky applicants and determine who receives the most attractive interest rates and terms.


If you have good credit and stable financials, you’re more likely to receive funding and have lower borrowing costs. If you don’t, you might strengthen your application through other requirements for a business loan, perhaps by demonstrating strong sales figures and cash flow or by putting down money or collateral for secured financ...
Forbes Advisor •

Best Budgeting Apps Of September 2024

Our editors are committed to bringing you unbiased ratings and information. Our editorial content is not influenced by advertisers. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the banking methodology for the ratings below.Mint, previously one of the leading free budgeting apps, is no longer available to download, so it does not appear on this list.The best budget tool for you is t...
Forbes Advisor •

Debit Card Vs. Checking Account: Is A Debit Card A Checking Account?

Debit cards and checking accounts go together like peanut butter and jelly. But just like the condiments, they’re not the same thing. One is a tool for accessing your money, while the other is a type of deposit account for everyday spending.
A debit card is not a checking account, but the two are closely connected.
A debit card is not a checking account but a card issued by a bank or credit union that is attached to a deposit account. You can use debit cards to pay for purchases and services in...
Forbes Advisor •

Can You Lose Your Money In A Money Market Account?

Finding the right place to hold your money can be tricky. Investing your money in the stock market has the potential for big earnings, but it comes with the risk of losing your investment. Savings accounts keep your money safe but often earn paltry interest rates.
Money market accounts offer a middle ground: easy access to your money and modest interest earnings. While you can lose money indirectly in a money market account through fees and penalties, the money you invest in your account is insu...