In 2015, David Hole was prospecting in Maryborough Regional Park near Melbourne, Australia. Armed with a metal detector, he discovered something out of the ordinary – a very heavy, reddish stone resting in some yellow clay. He took it home and tried everything to open it, certain that there was a nugget of gold inside … Read more
Close-up of a large gold nugget with more nuggets in the background Two large gold deposits discovered in China could hold a collective mass of more than 2,000 metric tons (2,200 US tons) of the precious material — the largest ever found within the country’s borders. If confirmed by further geological studies, the Wangu field … Read more
Introduction Mortgage rates are one of the most important factors determining whether buying a home is affordable. When rates are low, monthly payments shrink, more borrowers qualify, and refinancing becomes highly attractive. Conversely, high rates can severely limit housing demand and make homeownership prohibitively expensive for many people. Understanding how mortgage rates work, what drives … Read more
What Is a Personal Loan? A personal loan is an unsecured loan (typically) that you borrow as a lump sum and repay in fixed monthly installments. Unlike a mortgage or auto loan, personal loans often don’t require collateral, making them more accessible but also riskier for lenders, which is why interest rates can be higher. … Read more
Introduction A home equity loan—sometimes called a second mortgage—is a way for homeowners to borrow money using the equity in their homes as collateral. Unlike a primary mortgage, a home equity loan usually comes in a lump-sum payment, and the interest rate is often fixed. What really matters for borrowers, however, is the interest rate … Read more
What Are Education Loans? An education loan is a financial product designed specifically to help students pay for school-related expenses. These may include: Education loans usually offer lower interest rates and more flexible terms than regular personal loans. Many lenders also allow repayment to start after the student completes their studies. Types of Education Loans … Read more