It’s not free money.. What is Cash Back? It’s Not Free Money. What is the benefit of cashback? There are a few benefits of cash-back credit cards. First, if you pay your balance in full each month, you will avoid paying interest on your purchases. Second, cash-back cards typically have no annual fee, so you … Read more
A skilled nursing facility (SNF) is a type of nursing home that provides a higher level of medical care than what is typically available at an assisted living facility or a home care agency. SNFs are typically used by people who have complex medical needs and require constant monitoring and care from a team of … Read more
An entrance fee is a one-time, upfront fee that is charged by some senior living communities. This fee is generally non-refundable and is used to help cover the costs of initial renovations and improvements to the community. In some cases, the entrance fee may also be used to cover the costs of marketing and advertising … Read more
The adjusted debit balance is the sum of the long and short positions in a margin account, minus any outstanding margin loans. So, if a trader had a long position worth $10,000 and a short position worth $5,000, their adjusted debit balance would be $5,000. If they also had a margin loan of $2,000, their … Read more
A Term Payment Plan is a type of reverse mortgage that allows you to receive payments for a set period of time. You can choose to receive these payments for a fixed term of 10, 15, or 20 years, or for as long as you live in your home. This type of reverse mortgage can … Read more
Cash-Out Refinancing: How It Works and When to Do It What is the downside of a cash-out refinance? There are a few potential downsides to cash-out refinancing, including: 1. You may end up with a higher interest rate: When you refinance, you may be offered a lower interest rate if you agree to a shorter … Read more
A natural guardian is a legal term used to describe a person who has the legal right to make decisions on behalf of a child. A natural guardian typically has custody of the child and is responsible for the child’s welfare. In some cases, a natural guardian may also have financial responsibility for the child. … Read more
An indirect loan is a loan in which the lender does not directly provide the funds to the borrower. Instead, the loan is facilitated through a third-party, such as a dealer or an auto financing company. The third-party then disburses the loan funds to the borrower. The main benefit of an indirect loan is that … Read more
A closed-end lease is a type of auto lease in which the lessee is responsible for any depreciation in value of the vehicle over the term of the lease. This type of lease is often used by businesses, as it allows them to claim a tax deduction for the depreciation of the vehicle. What is … Read more
Dealer financing is when a car dealership offers in-house financing for the purchase of a vehicle. This type of financing is usually offered to customers with less-than-perfect credit who may not be able to qualify for a loan from a traditional lender. The main benefit of dealer financing is that it can be easier to … Read more
