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Tag Archives: Interest

What Is a Mortgage Interest Deduction?

Saving up money for a down payment and closing costs has created a barrier for many would-be homeowners. To make it a worthwhile debt to incur, incentive programs were designed, like the mortgage interest tax deduction, which has made it even more attractive for renters to take the leap and …

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3 Questions About Compound Interest — Answered

Compound interest is an incredibly powerful force. It allows your money to start growing on its own, with the returns exploding in value over time, if you have the patience. While the idea is easy to understand, the actual application of it can be tricky. Does it make a difference …

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Compounding Interest on Credit Cards Works Against You — Here’s How to Beat It

Credit card interest can be unrelenting. Even if you don’t charge a single thing on the credit card for a full month, the balance can still go up. Credit cards are designed from the ground up to keep extracting money from your pocket as efficiently as possible and for as …

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Coronavirus and Negative Interest Rates: What It Means for You

Photo by HBRH / Shutterstock.com Thanks to the coronavirus-related financial crisis, we’ve broken more records in U.S. financial markets: Interest rates on some government securities have now dropped below zero, with one hitting a new low. As of this morning, three-month Treasury bills on the secondary market were paying negative …

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