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The standard deduction is a portion of income that is not subject to tax and can be used to reduce a tax bill instead of itemizing deductions.| Investopedia
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Itemizing deductions allows some taxpayers to reduce their taxable income, and thus their taxes, by more than if they used the standard deduction.| Investopedia
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Student debt refers to loans used to pay for college tuition and repaid after the student graduates or leaves school.| Investopedia
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If you’re serious about buying a home, you need to get pre-approved for a mortgage. Learn what is required so you can speed up the approval process.| Investopedia
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Foreclosure is the legal process by which a lender seizes and sells a home or property after a borrower is unable to meet their repayment obligation.| Investopedia
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An interest rate is the percentage of interest relative to the principal. It is either what lenders charge borrowers or what is earned from deposit accounts.| Investopedia
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An insurance premium is the amount of money an individual or business pays for an insurance policy.| Investopedia
Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.| Consumer Financial Protection Bureau
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The loan-to-value (LTV) ratio is a lending risk assessment ratio that financial institutions and other lenders examine before approving a mortgage.| Investopedia