6 ways to cut the cost of refinancing your mortgage

A refinance is kind of like a mortgage do-over. By swapping out your home loan with a new one, you can save money with a new interest rate, tap into your equity or change the loan term. Average rates on 30-year fixed-rate mortgages have been sliding to unheard-of levels around 2.8%. But the costs ofContinue reading “6 ways to cut the cost of refinancing your mortgage”

As the economic fallout of the pandemic continues to unfold, banks are rushing to close credit card accounts or slash credit limits to curb their risk.

“These are really big numbers,” said Matt Schulz, chief industry analyst at CompareCards. “It means that an awful lot of Americans had one of their financial security nets taken out from under them in one of the most difficult economic times in American history.” 1 in 5 cardholders saw a credit decrease of at leastContinue reading “As the economic fallout of the pandemic continues to unfold, banks are rushing to close credit card accounts or slash credit limits to curb their risk.”