Loans

Borrowing money can be a smart financial move—if you do it right. From navigating the different types of loans to finding the best rates, Wise Wallet's loan content has everything you need to know about borrowing money.

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Paying Off a Loan Early? Here’s the Fee That Might Surprise You
Loans

Paying Off a Loan Early? Here’s the Fee That Might Surprise You

You’ve just received a windfall—a bonus from work, a generous tax return, or perhaps you’ve been diligently saving—and you’re thinking, “Why not pay off that loan early? Surely, it’s a smart financial move, right?” While it might seem like a no-brainer to clear debt sooner than planned, the reality is a tad more complex. There’s a little financial wrinkle you might not have anticipated: the prepayment penalty.

The Truth About Closing Costs: What You’ll Pay (and How to Save)
Loans

The Truth About Closing Costs: What You’ll Pay (and How to Save)

If you've ever scrolled through a home listing thinking, “I can afford that monthly payment,” only to hit the mortgage process and feel like you’ve walked into a financial funhouse—congrats, you’re not alone. Because, as it turns out, the cost of buying a home doesn’t stop at the down payment. And once you get to closing, there’s a whole new set of fees waiting for you—some expected, some that make you go, “Wait, why am I paying that?”

Car Title Loans: What They Are, How They Work, and the Risk You Might Miss
Loans

Car Title Loans: What They Are, How They Work, and the Risk You Might Miss

If you’ve ever searched “fast cash now” while side-eyeing your dwindling bank balance, you’ve likely stumbled across car title loans. They’re pitched as a fast, convenient fix when you need money and don’t want to (or can’t) go through traditional banks. The idea sounds simple enough: you hand over your car’s title, borrow a few hundred to a few thousand dollars, and keep driving your car while you pay the loan back.