Filers who crave simplicity and want to save money on tax preparation will get the most out of Credit Karma Tax.
Because the platform doesn t have separate packages for specific tax situations, like self-employment or investment income, it relies on the user to find the tax forms they need beyond the most basic ones. It s a true do-it-yourself experience. That said, the interface is clear and easy to navigate, even for novices.
Credit Karma Tax is best for someone who doesn t anticipate needing expert help to complete their tax return.
You might like filing with Credit Karma Tax if you:
Cash-in
Can pay a lot of money at once
No-closing-cost
Can make higher monthly payments
Streamline
Have an FHA, VA, or USDA mortgage
FMERR or HIRO
Have a conventional mortgage
1. Rate-and-term refinance
A rate-and-term refinance is probably what you think of as a regular refinance. You replace your original mortgage with a new one with different terms. Your interest rate and monthly payments will change, and you ll probably refinance into a new term length.
Conventional, FHA, VA, and USDA mortgages are eligible for rate-and-term refinancing. You ll need a certain credit score, debt-to-income ratio, and amount of equity in your home â but the exact requirements will depend on which type of mortgage you have.
POS loans have become increasingly popular for people strapped for cash during the pandemic.
These short-term loans may be beneficial for consumers buying large items.
The concept of buy now, pay later has long had appeal. Credit cards make it easy.
But increasingly, people are choosing alternative point-of-sale (POS) lenders to fill that financial gap. More than 40% of American shoppers have used a buy-now-pay-later plan, according to Credit Karma/Qualtrics.
A POS loan is essentially the opposite of layaway. With layaway, you pay for your item over time and then take it home when you ve cleared your bill.
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