Interest rates

Differences between APR, APY, and interest rates – Forbes Advisor

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. Overwhelming terminology often makes borrowing or lending money for the first time intimidating. This is especially true when comparing types of interest, as there are several […]

Interest rates

Strong Refi Activity, Interest Rates Do Not Increase Reverse Mortgage Audience

While the reverse mortgage industry has recorded strong sales for most of the past year with endorsements remaining well above 4,000 loans per month, the amount of mortgage refinancing transactions Home Equity Conversion (HECM) to HECM being carried out alongside other frankly outside market factors controlling the reverse mortgage industry do very little to proportionately […]

Principal sum

Prince Charles gave Prince Harry and Meghan a ‘substantial sum’ of money when they left royal life, Aide says

Photo credit: Samir Hussein – Getty Images During his interview with Oprah earlier this year, Prince Harry’s comments that his family had ‘literally cut me off financially’ in Q1 2020 drew special attention. However, now officials working for Prince Charles have further briefed reporters on the financial arrangements surrounding the Sussexes’ departure from royal life, […]

Principal sum

Chatbot maker CoRover sells 11% stake to Canbank Venture for undisclosed amount

Chatbot maker CoRover has sold an 11% stake to Canbank Venture for an undisclosed amount. This is the first round of institutional funding raised by the company which claims to be the first human-centric conversational AI company in India. “We intend to use the funds to expand our offerings and diversify our customer base to […]