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Table of Contents: Masthead StickySummary List Placement A prepayment penalty is a fee for paying off your mortgage early. You'll probably only pay a penalty if you pay off the mortgage, refinance, or sell within a few years of taking out your original mortgage. Conventional mortgages can come with prepayment penalties, but you won't pay on USDA, VA, or single-family FHA mortgages. If a...

Summary List Placement A second round of stimulus checks have been approved by Congress and President Trump. Most of the direct cash payments will be sent to qualifying Americans by January 15, per the bill. Treasury Secretary Steve Mnuchin said Tuesday, December 29, that direct deposit payments will start arriving this week. The stimulus checks will pay up to $600 each, or $1,200 per...

Summary List Placement Investing in real estate is different than owning a home to live in yourself. Borrowing money to buy a rental property comes with several requirements stricter than those typical homebuyers face, like a higher down payment and higher interest rates on a loan.  Also, landlords have to treat everything about the homes they own as a real estate as a business...

  Many millennials get into the market with stock-picking and active trading, choosing the exact stocks they want and buying and selling them regularly. But experts say trying to get ahead right now by picking stocks they think will surge after the coronavirus pandemic is over isn't a smart investing strategy.  If you're just going to pick stocks, experts say now isn't the time...