Glossary
HSA (Health Savings Account), Explained Simply
An HSA is a piggy bank for health costs with a rare triple tax break.
Brad Schweinsburg
Glossary
Insurance Deductible, Explained Simply
Your deductible is what you pay before insurance pays a dime. Know it before you need it.
Glossary
Insurance Premium, Explained Simply
The premium is what you pay to stay covered, but it is only half the price story.
Glossary
Refinancing (a Mortgage), Explained Simply
Refinancing swaps your loan for a better one, if you clear the closing costs.
Glossary
PMI (Private Mortgage Insurance), Explained Simply
PMI is insurance you pay for that protects the lender, not you.
Glossary
Closing Costs, Explained Simply
Closing costs are the second bill at the finish line of buying a home.
Glossary
Down Payment, Explained Simply
Your down payment is skin in the game, and its size shapes your whole loan.
Glossary
Mortgage, Explained Simply
A mortgage is the loan that buys the house, and the interest is the real price.
Glossary
Debt-to-Income Ratio, Explained Simply
The one number lenders use to decide if you can handle more debt.
Glossary
Balance Transfer, Explained Simply
Move high-interest debt somewhere cheaper and pay it off faster, if you beat the clock.
Glossary
Cosigner, Explained Simply
A cosigner is a co-borrower, not a cheerleader, and fully on the hook if things go south.
Glossary
Secured vs Unsecured Debt, Explained Simply
One kind can cost you your car or house, the other cannot. Know the difference.