The Funds Pros

Mirian Fuentes has big plans for her future.  The 30-year-old Mexican-American has been dating her partner, Andres, since 2024, and knew early on that he was “the one.” The couple dreams of getting married, starting a family and buying a home — a key step toward building generational wealth as…

Key takeaways Home equity loan and HELOC closing costs and fees vary, depending on the lender, and can range from 1%-5% of the total loan amount. HELOCs have fewer closing costs than HELoans, but often carry ongoing fees for account maintenance, inactivity or rate lock-ins. Ways to reduce home equity…

Bloomberg Creative/Getty Images Key takeaways The federal funds rate impacts how expensive it is for lenders to loan money, so consumer loan rates typically change when the federal funds rate changes. During the Federal Open Market Committee’s December meeting, the regulatory body announced it would drop the target rate by…

Ariel Skelley / Getty Images Key takeaways Interest rates on federal student loans are set on July 1 each year for loans disbursed from July 1 to June 30 of the following year. Borrowers with existing federal student loans will not see any changes when the Fed lowers interest rates.…