Bank of America to hire nearly 4,000 interns and recruits this summer

Bank of America on Wednesday announced that it will be hiring nearly 4,000 summer interns and full-time recruits from campuses this summer as the nation’s second-largest bank looks to bring new talent into its workforce. The firm said in a release that the hiring plans are reflective of Bank of…

Coding’s great reckoning

They’re more productive than ever. They’re inspired. And some of them are terrified.Software engineers have spent decades in one of tech’s most lucrative and in-demand roles. Now, they’re watching their…

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Staten Island restaurateur balances growth and rising costs

As the U.S. approaches its 250th anniversary, small businesses remain a cornerstone of the American economy, employing nearly half of the private sector workforce and powering communities across the country. On Staten Island, that story is playing out in real…

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What Is An FHA Loan? Requirements, Rates And More

kate_sept2004/Getty Images: Illustration by Issiah Davis/Bankrate FHA loans are government-backed mortgage loans with more lenient buyer requirements than conventional loans, providing a viable option for first-time homebuyers or those with lower credit scores. These loans can make homeownership more attainable,…

What Is A First-Lien HELOC And Who Uses It?

Key takeaways A first-lien HELOC merges a first mortgage with a variable-rate credit line, becoming the primary loan for the property. This type of HELOC can function as a cash flow management and mortgage prepayment tool, automatically applying funds towards…

What Is Private Mortgage Insurance (PMI)?

irina88w/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Private mortgage insurance (PMI) is an extra fee for conventional mortgage borrowers putting down less than 20%. The amount you’ll pay for PMI depends on your loan and down payment size, whether it’s…

FHA Vs. Conventional Loans: What’s The Difference?

David Papazian/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways FHA loans and conventional loans are both issued by private lenders, but FHA loans are insured by the federal government, and conventional loans are not. FHA loans have lower credit…

HELOC Vs. Home Equity Loan: What’s The Difference?

Key takeaways Home equity loans and HELOCs (home equity lines of credit) both allow you to borrow against your ownership stake in your home, using the property as collateral. Home equity loans’ fixed rates are a good fit for people…

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Underwater Mortgage: What To Do

Key takeaways When you owe more on your mortgage than your house is worth, your mortgage is “underwater,” or in a state of negative equity. Being underwater on your mortgage…

The data-center dilemma

Mital Gandhi remembers watching the 2024 NBA Finals on TV at his home in Ashburn, Virginia, when he realized something wasn’t right.Instead of hearing the ball bouncing or the intermittent…

Average Monthly Mortgage Payment | Bankrate

Skyhobo/ Getty Images; Illustration by Austin Courregé/Bankrate If you’re in the market for a home, affordability is likely top of mind — perhaps now more than ever. The record-high home prices of recent years, plus mortgage rates not seen since the 00s, have led…