Interest rate

The rate charged for the use of money, most often expressed as a percentage and an annualized figure. In consumer loans, it’s the rate charged to consumers who want to borrow. In deposits, it’s the rate offered by an institution that wants to use a consumer’s money.

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How Much Should You Spend on a Car?

Just because the monthly payments won't break you doesn't mean it's a good idea to let car payments gobble up a huge chunk of your paycheck. Here's a quick and easy way to figure out how much you can afford to spend on a new car or truck.

Build Equity Faster With An 8-Year Mortgage

It works like an enforced savings plan with a big payoff -- owning your home free and clear.

Should You Pay Extra on Your Mortgage?

Paying down debt is always a good idea. It will reduce the amount you pay in interest and shorten the length of your loan. But it might not be the wisest use of your money until you've done these three things.

Best Ways to Spend $1,000

Here's how to reap lots of lasting benefits, and a fair amount of immediate satisfaction, from that money. Check out all of the ideas, and pick the best one for you.

Average Car Loan Rates Remain Surprisingly Cheap

The current average cost of financing a new or used car or truck is around 4.2%, making auto loans a bargain by any historical measure.  Buyers w…

Are Home Equity Loans a Cheap Way to Borrow Money?

Home equity lines of credit can be a cheap way to borrow money for home renovations, college bills or credit card debt. But is your home worth enough to support a second mortgage?

5 Steps To Get The Best Deal On A New Car or Truck

You need the right information and a savvy negotiating strategy to drive away with the lowest price and cheapest loan. Let us show you how to be a smart, confident buyer.

3 free ways to pay your mortgage faster

Paying extra on your mortgage can shave years off your home loan and save tens of thousands of dollars in interest charges. Here's how to get all of the benefits of paying off your mortgage more quickly without wasting hundreds of dollars a year on an accelerated payment plan.