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Get the latest news and information across a variety of financial topics from home refinancing to budgeting to credit cards. LowerMyBills has you covered to make sure your finances are in order and you are up-to-speed on the all the latest to make sure you wallet is in a good place.
Unemployment Insurance: What You Need to Know
If you've lost a job recently, unemployment insurance can help fill in the financial gaps. Before you apply for unemployment, it's crucial to understand how it works, from filing your claim to getting the benefits. Read on to discover more about unemployment insurance...
Should I Lock in My Mortgage Rate Today?
Making the leap into homeownership is fraught with big decisions and scary possibilities. Understanding everything that goes into getting a mortgage is like having to learn a new language. You want to make sound decisions, after taking this financial leap is a...
What To Do If You Can’t Pay Your Bills
From the mortgage and utilities to credit card payments, uncertain times can lead to financial trouble. If you find yourself saying, "I can't pay my bills," you're not alone. Thankfully, there are steps you can take to help mitigate the problem and keep a roof over...
The Advantages of an Online Education
Thanks to advancing technology, online education is more interactive and social than ever. Not only that but today online learning has opened the doors to a variety of degree programs and alternatives to traditional higher education. And it's only getting better....
How to Work From Home and Make Money Doing It
Even without the stress of the current coronavirus pandemic, more and more people are opting to work from home than ever before. Whether you've been asked to start performing your duties remotely or you need to make some extra money while you're on lockdown, it's...
Is Travel Insurance Really Worth it?
In 2018, global tourism hit a record high as 1.4 billion people not only went on vacation but spent their time off in a different country. Those numbers stayed strong in 2019, but 2020 will be different. Even a few months ago, if you missed a flight you could get a...
Mortgage Rates Are Dropping- Here’s How You Can Benefit
You’ve probably heard the news: The average rate on a 30-year fixed-rate mortgage has dipped to 3.71% APR, which is the lowest rate it’s been in two years. With mortgage interest rates dropping — it was 3.9% in early December of last year — current homeowners can...
How a Cash-Out Refinance Can Help With Your Debt
Got debt? If you have some equity in your home, a cash-out refinance could be the answer to paying off high-interest debt. To be clear, cash-out refinancing isn’t for everyone. However, it can help some homeowners deal with mounting debts, such as credit card debt or...
What Are The Costs Of Mortgage Refinancing?
When you refinance your mortgage, you’re essentially switching from an old loan to a new home loan. And that comes at a cost. You’ll want to decide whether interest rates have dropped enough to make the costs of the mortgage refinancing worthwhile and whether you’ll...
10 Questions to Ask Your Lender Before Refinancing
You are ready to refinance and have been matched to a few lenders that can help you through the process. But do you have all the necessary information? LowerMyBills is here to help you in the process by giving you the must-ask questions you should pose to your...
What You Need To Know About Refinance Appraisals
You want to refinance to take advantage of favorable mortgage rates. Or maybe you want to take out some form of a home equity loan. In either case, the lender will require a home appraisal and you'll have to go through the appraisal process. Values can change...
6 Common Mortgage Refinancing Questions Answered
Whenever interest rates drop, you hear about homeowners refinancing their mortgages to save money on interest. In fact, a savvy homeowner can save loads of money by refinancing their home loan at the right time with a lower rate. When you refinance, you’re...
What Are the Tax Benefits of Homeownership?
Buying your first home is an exciting part of the American dream. Nothing quite says "success" like stepping into the world of real estate. The transition from renter to homeowner can be rife with complications and costly expenses. Between the down payment, closing...
Online Loans or In Person: What’s better?
When it comes time to submit a loan application to purchase a home or refinance your mortgage, it is hard to decide how to get started. Do you go to a traditional bank or go online? There are tons of resources online to compare competitive rates, but there is...
Budgeting for a House: How Much House Can You Afford?
Buying a home can be one of the most exciting ventures in a person's life. Even though 1 in 3 millennials under age 35 owns a home, 1 in 3 regrets it. The reason for that regret, however, is because many homebuyers forget to account for things like closing costs and...
Understanding FHA, Conventional, and VA Loan Limits in 2020
So, one of your 2020 goals is to join the club of homeownership. While buying real estate is an exciting and big life move, it is also a little scary. Homeownership certainly has some risks. The first big risk is finding just the right kind of mortgage to make your...
What is an FHA Loan and How Can I Qualify?
The best candidate for an FHA loan is someone who doesn’t quite have 20% saved up for a down payment, but is close. By putting down as much as you can as a down payment, you’re minimizing your monthly mortgage payment and getting a lower interest rate which could get...
15 Year Fixed vs. 30 Year Fixed Mortgage
If you are reading this right now, chances are that you are interested in purchasing a home, or maybe you already have a home and you had some questions pertaining to your current mortgage. We know that talking about mortgages, rates, and principals sounds like a...
Is Travel Insurance Really Worth it?
In 2018, global tourism hit a record high as 1.4 billion people not only went on vacation but spent their time off in a different country. Those numbers stayed strong in 2019, but 2020 will be different. Even a few months ago, if you missed a flight you could get a...
Is The US Headed for a Recession?
The novel Coronavirus pandemic is hitting the world economy hard. Hospitals are struggling to cope with increasing demand. Essential workers are raking in countless hours to restock shelves. Even more, citizens are losing their jobs as businesses close their doors....
Here’s How 7 People Got Out of Credit Card Debt — And How You Can, Too!
Borrowing money is so much easier than repaying it. And if you’re like the typical American, you owe a lot of money. In 2018, the average American was coping with $38,000 in personal debt, excluding home mortgages, according to Northwestern...
What Is the 50/30/20 Budget Rule and Why You Should Use It
If you want to have more money in your pocket, a great thing you can do for yourself is getting your spending under control. Budgeting allows you to create an emergency fund, handle credit card debt, tackle student loans and get a better handle on your personal...
Creative Ways to Make Money Online: The Ultimate List for 2020
How To Make Money Online If you have financial goals, then you should know how there are only two ways to meet them. One option is to cut back on expenses, and the other one is to make more money. The second option can be more exciting because there are a lot of...
How to Lower Your Cell Phone Bill
Reducing your spending and lowering your bills requires a team effort from every aspect of where your money goes every month. Whether you have some debt to reduce or you just want to live a savings lifestyle, minimizing your spending requires creating "good" money...
Citi Premier Card Review
The Citi Premier℠ Card, one of Citi’s five ThankYou® rewards cards, delivers a super-generous sign-up bonus and a 25% boost in point value when you redeem the points through Citi’s travel portal. Rewards points can add up fast, too, at 3 points (3X) for every $1...
Bank of America Premium Rewards Credit Card: Is it Worth it?
If you love traveling but don’t use a travel rewards credit card, you could be missing out on rewards and benefits. A good travel rewards credit card allows you to earn points for your trips while giving you perks like car rental insurance and lost luggage...
5 Tips For Figuring Out How Many Credit Cards You Have
When you dive into how credit scores work, you’ll come across a lot of conflicting advice. You’ll find out that an inquiry from a credit card issuer can temporarily ding your score, but you’ll also learn that having more available credit can boost your score. Both of...
Here’s How 7 People Got Out of Credit Card Debt — And How You Can, Too!
Borrowing money is so much easier than repaying it. And if you’re like the typical American, you owe a lot of money. In 2018, the average American was coping with $38,000 in personal debt, excluding home mortgages, according to Northwestern...
Bank of America Cash Back Categories
The Bank of America® Cash Rewards Credit Card recently got a major upgrade, with a new way to set purchase categories that offer 3% cash back. Starting in mid-January, Bank of America introduced a new feature that allows cardholders to choose and change the purchase...
Chase Freedom Credit Card Review
Strategic cardholders who don’t mind activating the Chase Freedom® credit card every quarter for 5% cash back in rotating categories will reap the most from this cash back card. But the Chase Freedom card offers other benefits as well. For one thing, there’s no annual...