Key Takeaways If your mortgage is in forbearance and you want to refinance, you’ll usually need to exit the relief program and make at least three on-time payments before doing so. The waiting period between exiting forbearance and refinancing can vary by lender and loan program. To qualify for refinancing, make sure your finances and…
Key Takeaways If you took out an educational loan for yourself, your spouse or your dependent, you may be able to deduct the interest you paid on your taxes. The amount you can deduct depends on your modified adjusted gross income and is capped at a maximum of $2,500. Your lender should send a Form…
Key Takeaways Buy now, pay later services let you pay for a purchase over time, including biweekly or monthly installments. Some buy now, pay later services come without interest or fees, but it can depend on the company, your credit and the cost of your purchase. Be cautious when using buy now, pay later services…
Key Takeaways: Rent-to-own deals let a buyer rent the home for a time before committing to the purchase. Whether the deal is a lease option or lease purchase agreement affects the level of commitment. Both buyer and seller must watch out for risks that come with this type of arrangement. What if renting actually helped…
