Christy Rakoczy

Christy Rakoczy

Christy Rakoczy is an experienced personal finance and legal writer who has been writing full time since 2008. She earned her JD at UCLA and graduated from the University of Rochester with a degree in media and communications. Her work has been featured on CNN Money, MSN Money, Yahoo Finance, USA Today, and more.

Articles by Christy Rakoczy:

09
Jul
Patch Homes Review: Is a Shared Equity Contract Right for You?

Patch Homes provides an alternative, debt-free approach to the standard home equity loan by offering a shared equity loan or shared appreciation mortgage. You won’t pay an interest rate but will pay the loan back by sharing profits from real estate appreciation.

Posted in: Home Equity, Reviews (2),
09
Jul
7/1 ARM: Best Rates & Lenders

A 7/1 ARM is an adjustable-rate mortgage with a seven-year fixed period before the rate can change. Many lenders offer 7/1 ARMs, including Better, New American, SoFi, Guaranteed Rate, and Rocket Mortgage.

Posted in: Best Options, Mortgages,
09
Jul
Jumbo Mortgage Rates

If you are buying a more expensive home, you will need to take out a larger mortgage. Mortgages above a certain dollar amount are considered jumbo mortgage loans. The dollar amount that dictates which loans are jumbo loans varies in different parts of the country.

Posted in: Mortgages, Rates,
09
Jul
10-Year Mortgage Rates

10-year fixed-rate mortgages typically have lower rates but higher monthly payments compared with other loans. Rates change over time, so it is important to compare rates periodically to find the most affordable mortgage.

Posted in: Mortgages, Rates,
09
Jul
15-Year Mortgage Rates

A 15-year mortgage lets you own your home in half the time of a 30-year mortgage. You’ll pay much less interest on a 15-year loan, and 15-year mortgage rates are usually lower. But since your payoff time is so short, monthly payments will be high.

Posted in: Mortgages, Rates,
09
Jul
Best Mortgage Rates

Mortgage rates change as the indices they’re tied to fluctuate. Also, different lenders charge different rates. If you want the best mortgage rates, you will need to compare quotes and work on improving your own financial standing.

Posted in: Mortgages,
09
Jul
Current VA Mortgage Rates

A VA mortgage is backed by the U.S. Department of Veterans Affairs. These home loans have easier qualifying requirements for eligible military members and veterans. VA loan rates can change over time and your own situation can affect the rates you’re offered.

Posted in: Mortgages, Rates,
09
Jul
Best 5/1 ARM Rates & Lenders

A 5/1 ARM is an adjustable-rate mortgage. The rate remains the same for five years and can then move up or down once per year. Our picks for the best 5/1 adjustable-rate mortgages include Better, New American, SoFi, Guaranteed Rate, and Rocket Mortgage.

Posted in: Best Options, Mortgages,
07
Jul
Best Law School Loans

Law school loans are a form of financing for those looking to attend law school. There are both federal and private options you can consider below.

Posted in: Student Loan Options, Student Loans,
06
Jul
How to Cancel Whole Life Insurance

If you cancel a whole life insurance policy when you haven't had it for very long, you face surrender fees and may not get any of your policy's cash value. If you've been covered for longer, you have options that may allow you to take the cash value, keep the death benefit, or both.

Posted in: Insurance,