What Does APR Stand For? An annual percentage rate (APR) is a standardized way of expressing the interest rate on a loan. It is a metric that is used to compare different loans and help consumers understand the true cost of borrowing money. The APR takes into account not only the interest rate on a […]
If you’re like most people, you probably think all debt is bad. After all, shouldn’t we all be working to pay off what we owe as quickly as possible? Well, not necessarily. You see, there’s such a thing as good debt. This is the kind of debt that can actually help you achieve your long-term […]
This year, inflation has been a problem for consumers as prices have risen on food, gas and a variety of other goods and services. Inflation refers to the overall increase in prices for goods and services in an economy. Inflation is significant for many reasons. One reason is that it causes higher prices. It is […]
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right […]
When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis […]