Do extra mortgage payments make sense with an interest rate of 5.375% We bought our condo a year ago and with a 30 year fixed mortgage at 5.375%. We put 20% down on a purchase price of 400k so we aren’t paying PMI. I already have an emergency fund built up and I’m putting away 15% into my 401k/Roth. submitted by /u/jarman65

Why is my Interest Rate for Student Loans High? I thought I would post here thinking that at least a few people would know the answer. My sibling and I applied to Sallie Mae. I was given a way higher interest rate compared to them. I got 11.5% (defer) or 10.5% (interest payments). They got the lowest possible given of 4.50% (interest repayment). Is it because we applied at the same time? Majo…

A New Interest in Unions Despite unions’ growing popularity, income inequality is likely to remain high.

JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat It was another quarter of banner financial results for the largest lender in America.

Paying off loans all at once or keep the money to earn interest? Hello, I am having trouble finding an answer for my situation (31 years old, single, no kids, no plan to buy a home). So I have a student loan of $50k, all federal, with an interest rate ranging from 3.4% to 6.8%. It’s a mix of direct subsidized and unsubsidized loans, and I don’t have any private loans or help from a co-signer or parents. Duri…

Double Checking Bank Interest vs Student Loan Interest Taxes I have student loans ranging between 3.76%-5.05% interest and the money to pay it in full in a HYSA, which makes 5.02% APY (or 4.91% interest compounded monthly). The interest I make off the HYSA is taxed and the student loan interest I pay off is deducted from my AGI, negating the HYSA taxed interest I made up to the student loan interest amoun…

How Inflation and Interest Rates Vary Around the World Prices are still rising too fast for comfort in many major economies, and policymakers across the globe are trying to wrestle them under control.

If I pay off an entire loan early, then I won’t have to worry about interest? Hello there, I had to take a student loan for my first year of college, and it seems like the estimated final payment with interest included is quite a bit. I’m working currently (and not paying any rent as I’m living with parents) so I’m hoping to use my earnings to pay off that loan. If I’m able to pay it off in full as it is now for example,…