No, most GoFundMe donations are personal gifts and are not tax deductible; only donations made to IRS-certified 501(c)(3) charities qualify. You open your wallet to help a friend recover from surgery or to support a local family after a fire. Generosity feels good. Getting a tax break feels even better. But assuming every crowdfunding contribution […]

No, rates vary significantly based on individual property risk factors like elevation, distance to water, rebuilding costs, coverage limits, and whether you choose the NFIP or a private insurer. Homeowners often assume that neighbors pay identical premiums or that staying within a specific zone guarantees a flat fee. This was more common in the past,

Yes, nearly all FHA mortgages are assumable, meaning a buyer can take over the existing rate if they meet the lender’s credit and income standards. Buying a home usually means securing a new loan at current market rates. When interest rates rise, this traditional path becomes expensive. Savvy buyers and sellers often look for alternatives.

No, private lenders set their own FHA interest rates based on your credit score, market conditions, and their internal profit margins, not the government. Many first-time homebuyers assume the Federal Housing Administration (FHA) hands out loans directly. They don’t. The FHA acts as an insurance company. They protect the bank if you stop paying. Because

No, FHA loans are not all the same; the Federal Housing Administration insures distinct programs like the standard 203(b) for buying, 203(k) for renovations, and HECMs for seniors. Many first-time buyers assume the Federal Housing Administration (FHA) offers a single loan product. You might hear “FHA loan” and picture a standard mortgage with a low

No, not all FHA loans are fixed rate; the FHA insures Adjustable Rate Mortgages (ARMs) under Section 251 alongside standard fixed options. Many first-time homebuyers assume the Federal Housing Administration only backs the standard 30-year fixed mortgage. While that specific loan is the most popular choice, it is not the only path to homeownership. The

No, FedEx packages are not insured by default; they carry a standard liability limit of $100 unless you pay for additional declared value coverage. Shipping a package brings a mix of relief and worry. You handed it off, but will it arrive safely? Many shippers assume a big carrier protects every box automatically. That assumption

No, not all federal student loans are in forbearance; only borrowers on the blocked SAVE plan or pending consolidation are currently paused. Millions of borrowers feel confused right now. You might see headlines about court orders blocking repayment plans, while your loan servicer sends you a bill due next week. The dust from the pandemic

Yes, federal student loans are forgiven after 20 years if you complete that specific payment term on an eligible income-driven repayment plan. Managing student debt feels like a marathon. You pay month after month, yet the balance often stays the same. Many borrowers look for the finish line. They want to know if their commitment

No, blanket forgiveness does not exist; relief depends on specific programs like PSLF, income-driven repayment plans, or disability discharges. Millions of borrowers hold debt, yet confusion remains about relief options. You might wonder if a sudden government mandate will wipe your balance to zero. The reality is far more structured. Most relief programs require applications,