www.bankrate.com Open in urlscan Pro
151.101.193.132  Public Scan

Form analysis
1 forms found in the DOM

Name: search bar — https://www.bankrate.com/search/

<form class="SiteNavSearch-form" name="search bar" type="search" action="https://www.bankrate.com/search/">
  <div>
    <div>
      <input class="FormInput SiteNavSearch-input" type="text" name="q" aria-label="Search Bankrate" placeholder="What can we help you find?" id="siteSearchInput" value="" data-beam-field-inputted-no-pii="" data-label="Search Bankrate"
        data-beam-uid="7" data-beam-event="change">
    </div>
    <div>
      <button class="SiteNavSearch-submit" data-js-selector="nav-search-submit-btn" type="submit">
        <span class="visually-hidden">Submit</span>
        <span class="Icon Icon--sm">
          <svg class="Icon-glyph" viewBox="0 0 24 24" fill="currentColor" xmlns="http://www.w3.org/2000/svg" focusable="false">
            <path fill-rule="evenodd" clip-rule="evenodd"
              d="M10.846 2C6.216 2 2.5 5.783 2.5 10.499c0 4.715 3.715 8.498 8.346 8.498 1.733 0 3.337-.53 4.667-1.439l4.972 5.113c.43.439 1.13.439 1.561 0l.216-.22c.43-.383.43-1.096 0-1.535l-4.944-5.033a8.572 8.572 0 0 0 1.874-5.384C19.192 5.783 15.423 2 10.846 2Zm0 2.193c3.393 0 6.192 2.851 6.192 6.306 0 3.454-2.8 6.305-6.192 6.305-3.392 0-6.192-2.851-6.192-6.305 0-3.455 2.746-6.306 6.192-6.306Z"
              class="icon-base" fill="currentColor"></path>
            <title>Search</title>
          </svg></span>
      </button>
    </div>
  </div>
</form>

Text Content

Skip to Main Content
Bankrate
 * Banking Caret Right
   Caret LeftAll
   Banking
   Checking & savingsCaret Right CDsCaret Right Money marketCaret Right
   BanksCaret Right
   Explore all banking resources Arrow Right
   Caret Left Banking
   
   
   Compare accounts
   
    * Best savings accounts
    * Best high-yield savings accounts
    * Best checking accounts
   
   Get guidance
   
    * All savings calculators
    * Savings basics
    * Savings rate trends
    * Savings resources
   
   Compare accounts
   
    * Best CD rates
    * Best 1-year CD rates
    * Best 5-year CD rates
   
   Get guidance
   
    * CD calculator
    * CD basics
    * CD rate trends
    * CD resources
   
   Money market accounts
   
   Money market accounts are similar to savings accounts, but offer some
   checking features as well.
   
   View MMA rates
   
   Get guidance
   
    * Money market basics
    * MMA resources
   
   Banking
   
   Skip the searching and find your next bank in minutes with BankMatch℠.
   
   Find my match
   
   Get guidance
   
    * Best banks of 2023
    * Bank reviews
    * Federal Reserve news
    * Banking resources
   
   Explore all banking resources Arrow Right
 * Homes Caret Right
   Caret LeftAll
   Homes
   MortgagesCaret Right Home equityCaret Right Real estateCaret Right Home
   insuranceCaret Right
   Explore all homes resources Arrow Right
   Caret Left Homes
   
   
   Compare rates
   
    * Mortgage rates
    * Refinance rates
    * 30-year mortgage rates
    * 15-year mortgage rates
   
   Get guidance
   
    * Mortgage calculator
    * Amortization calculator
    * Mortgage rate news
    * First-time homebuyer programs
    * Mortgage resources
   
    * How to get a mortgage 11 min read
    * Best mortgage lenders 4 min read
   
   Home equity
   
   Home equity is the portion of your home you’ve paid off. You can use it to
   borrow for other financial goals.
   
   View home equity rates
   
   Get guidance
   
    * HELOC rates
    * Home equity loan calculator
    * All home equity calculators
    * Home equity resources
   
    * Home equity & HELOC guide 8 min read
    * Home equity lender reviews Read what the experts have to say
   
   Buying & selling
   
   Find an expert who knows the market. Compare trusted real estate agents all
   in one place.
   
   Find an agent
   
   Get guidance
   
    * Home affordability calculator
    * Cost of living calculator
    * How much is my house worth?
    * Real estate resources
   
    * Buying a home 12 min read
    * Selling a home 10 min read
   
   Home insurance
   
   Home insurance doesn't have to be a hassle. Choose the best home insurance
   company for you.
   
   Best home insurance
   
   Get guidance
   
    * Cheapest home insurance
    * Home insurance quotes
    * Home insurance resources
   
    * Home insurance rates by state 19 min read
    * How much is home insurance? Here’s how much you can expect to pay
   
   Explore all homes resources Arrow Right
 * Investing Caret Right
   Caret LeftAll
   Investing
   InvestingCaret Right RetirementCaret Right
   Explore all investing resources Arrow Right
   Caret Left Investing
   
   
   Compare investments
   
    * Best investments
    * Best short-term investments
    * Best low-risk investments
    * Best index funds
   
   Get guidance
   
    * All investing calculators
    * Brokerage reviews
    * Roboadvisor reviews
    * Find a financial advisor
    * Tax resources
   
    * How to start investing 7 min read
    * Passive income ideas 26 min read
   
   Compare plans
   
    * Best retirement plans
    * Best IRA accounts
    * Best Roth IRA accounts
    * Best 401(k) rollover options
   
   Get guidance
   
    * Retirement calculator
    * 401(k) calculator
    * Roth IRA calculator
    * All retirement calculators
    * Retirement resources
   
    * How to save for retirement 15 min read
    * Best & worst states for retirement 6 min read
   
   Explore all investing resources Arrow Right
 * Credit cards Caret Right
   Caret LeftAll
   Credit cards
   Cards by categoryCaret Right Cards by creditCaret Right Tools & reviewsCaret
   Right
   Explore all credit cards resources Arrow Right
   Caret Left Credit cards
   
   
   Compare cards
   
    * Best cards of 2023
    * Best cash back cards
    * Best balance transfer cards
    * Best 0% APR cards
    * Best travel cards
    * Best rewards cards
    * Best business cards
    * Best student cards
   
   Find your fit
   
    * CardMatch™ Get personalized card recommendations
    * Card comparison tool Compare credit cards side-by-side
   
   See your card matches
   
   Answer a few quick questions and we’ll show you your top credit card options.
   
   Find my matches
   
   Compare cards
   
    * Excellent credit
    * Good credit
    * Fair credit
    * Bad credit
   
    * How to build credit 7 min read
    * Best cards for building credit Find out which credit cards could help
   
   See what the experts say
   
   Read in-depth credit card reviews to find out which cards have the best perks
   and more.
   
   Read card reviews
   
   Get guidance
   
    * Credit card payoff calculator
    * Balance transfer calculator
    * Credit utilization calculator
    * All credit card calculators
   
    * Card comparison tool Compare credit cards side-by-side
    * Spender type tool Find cards that fit your needs
   
   Explore all credit cards resources Arrow Right
 * Personal loans Caret Right
   Caret LeftAll
   Personal loans
   Personal loansCaret Right Student loansCaret Right Debt managementCaret Right
   Explore all personal loans resources Arrow Right
   Caret Left Personal loans
   
   
   Compare lenders
   
    * Prequalify for a personal loan
    * Best personal loans
    * Best personal loans for bad credit
    * Best home improvement loans
   
   Get guidance
   
    * Personal loan guide
    * Loan calculator
    * Personal loan calculator
    * All personal loan calculators
   
   Compare lenders
   
    * Best student loans
    * Student loan refinance rates
    * Student loans for bad credit
    * Private student loans
   
   Get guidance
   
    * Student loan lender reviews
    * Student loan calculator
    * All student loan calculators
    * Student loan resources
   
   Manage your debt
   
   Start making moves toward your money goals and compare your debt management
   options.
   
   Debt consolidation loans
   
   Get guidance
   
    * Debt consolidation calculator
    * Debt consolidation guide
   
   Explore all personal loans resources Arrow Right
 * Business Caret Right
   Caret LeftAll
   Business
   Business loansCaret Right Business credit cardsCaret Right
   Explore all business resources Arrow Right
   Caret Left Business
   
   
   Compare lenders
   
    * Best small business loans
    * Best startup business loans
    * Best bad credit business loans
    * Best business lines of credit
   
   Get guidance
   
    * Business loan calculator
    * Small business loan resources
   
   Business credit cards
   
   Boost your business with rewards, perks and more. Compare cards in one place
   to find the one for you.
   
   Best business cards
   
   Get guidance
   
    * Business credit card reviews
    * How to build business credit
    * Personal vs business cards
   
   Explore all business resources Arrow Right
 * Auto Caret Right
   Caret LeftAll
   Auto
   Auto loansCaret Right Auto insuranceCaret Right
   Explore all auto resources Arrow Right
   Caret Left Auto
   
   
   Auto loans
   
   Figure out funding for your next car or refinance with confidence. Check out
   today’s auto loan rates.
   
   View auto loan rates
   
   Get guidance
   
    * Auto loan calculator
    * Auto loan guide
    * Auto loan resources
   
   Auto insurance
   
   Drive with peace of mind when you compare insurance carriers and find the
   policy that’s right for you.
   
   Best auto insurance
   
   Get guidance
   
    * Cheapest auto insurance
    * Auto insurance rates
    * Auto insurance resources
   
   Explore all auto resources Arrow Right

Bankrate
Search Close X



Submit Search



THE NUMBER OF SINGLE WOMEN HOMEOWNERS CONTINUES TO SURPASS THE NUMBER OF SINGLE
MEN HOMEOWNERS

Mortgages
Advertiser Disclosure
SHARE:
 * Share this article on Facebook Facebook
 * Share this article on Twitter Twitter
 * Share this article on LinkedIn Linkedin
 * Share this article via email Email


ON THIS PAGE

 * Trends in the housing market
 * What’s driving the single women home buying trend
 * The financial challenges facing single buyers
 * Advice for getting into the housing market with a single income

On This Page Jump to Menu List
Alistair Berg/Getty Images
5 min read Published March 13, 2023
EditCite us

Written by
Jeff Ostrowski
Written by Jeff OstrowskiArrow Right Principal writer, Home Lending
Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate
in 2000, he spent more than 20 years writing about real estate, business, the
economy and politics.
 * Connect with Jeff Ostrowski on Twitter Twitter
 * Connect with Jeff Ostrowski on LinkedIn Linkedin

Jeff Ostrowski

Edited by
Troy Segal
Edited by Troy SegalArrow Right Senior editor, Home Lending
Troy Segal is a senior editor for Bankrate. She edits stories about
Homeownership in addition to stories about the finer points of mortgages and
home equity loans.
 * Connect with Troy Segal on Twitter Twitter
 * Get in contact with Troy Segal via Email Email

Troy Segal
Bankrate logo


THE BANKRATE PROMISE

Info More info

At Bankrate we strive to help you make smarter financial decisions. While we
adhere to strict editorial integrity, this post may contain references to
products from our partners. Here's an explanation for how we make money .

On This Page Jump to Menu List

Single women are a force to be reckoned with in residential real estate.

Despite dealing with lower incomes than men, a pricey housing market and
increasingly expensive mortgages, they comprise the second largest group of
homebuyers — and have done every year since 1981, according to the National
Association of Realtors (NAR). As of 2023, single women made up 17 percent of
all homebuyers. Single men, by contrast, accounted for just 9 percent. (Couples,
both married and unmarried, remain the dominant group: buyers in about 70
percent of real estate purchases.)

While they often have to sacrifice to make it happen, single women are a very
determined, motivated group of buyers and they’re not letting daunting odds
prevent them from achieving the American Dream of homeownership.


Mortgage
Single women U.S. homeowner statistics
 * Single women own and occupy 10.76 million homes in the U.S.
 * 12.9% of American owner-occupied homes belong to single women
 * It wasn’t until 1900 that all states allowed women to hold property in their
   own names
 * It wasn’t until 1974 that women were apply for and obtain mortgages on their
   own —without a male co-signer
 * The median age of a single female first-time homebuyer is 38, compared to 37
   for a single male
 * Women spend about 2% more when they buy a house than men and sell for 2%
   less. As a result, they realize 1.5% annualized lower returns, or $1,600 a
   year, on their homes. Sounds small, but it adds up to $20,000 over 13 years
   (the U.S. average length of homeownership)
 * 17% of today’s single homebuyers are women; 9% are single men, compared to
   11% and 10%, respectively, in 1981


TRENDS IN THE HOUSING MARKET

There are many reasons why single women seek to become homeowners. One of the
leading motivations is they simply want the freedom of owning their own home,
according to NAR data. In addition, women often pursue homeownership (or
homeownership in their own names) after a destabilizing change in their family
situation — such as a divorce or a death — suddenly makes them single.

Some also pursue homeownership for happier reasons as well: after the birth of a
child, to be close to friends and family or due to a job change (especially a
more lucrative one). Still others do so to escape the uncertainties of the
rental market, including regular rent increases and the possibility of a lease
not being renewed.

A survey by Bank of America released in 2022 found that 65 percent of single
female prospective homebuyers said they’d rather not wait for marriage to buy a
home, and 30 percent of women who already own homes bought when they were
single.

Kathy Cummings, a senior vice president at Bank of America, remembers when baby
boomers expected to get married before becoming homeowners. “Now, the trend is
reversing,” she says. “The message is reversing. You don’t need a man any more.”

Madison Fox joined the trend in 2021 when she bought an 800-square-foot house in
Bay City, Michigan. Single and in her early 20s when she became a homeowner, Fox
says she considered rent a waste of money. “I just wanted to get out of my
parents’ house and start my life,” she says.

While Fox is getting started earlier than most, many single women are deciding
not to find partners before becoming homeowners, says Lynn Toomey, founder of
Her Retirement, a financial education company. “Because people are delaying
getting married until an older age, women aren’t waiting for the homeownership
part of the traditional coupled-up decision to buy a home,” Toomey notes.

> It’s exciting to see so many single women challenging the status quo – taking
> control of their financial futures and proving marriage isn’t a prerequisite
> for homeownership.
> 
> — Kathy Cummingssenior vice-president, homeownership strategies & affordable
> housing programs, Bank of America


WHAT’S DRIVING THE SINGLE WOMEN HOMEBUYING TREND

For single women homebuyers, financial stability is an important part of the
calculus, says Jessica Lautz, NAR deputy chief economist and vice president of
research.



“Women have a very strong preference for homeownership,” Lautz says. “They think
it’s a good financial investment. They also are willing to make financial
sacrifices. They traditionally have a lower household income, and they’re
willing to cut expenses in other areas of their life to achieve homeownership.”

In something of a paradox, single women make less money on average than single
men but are more eager to buy homes, Lautz says. That could reflect the
certainty and stability that go along with a monthly mortgage payment, as
opposed to renting in an era when monthly rents have been rising sharply.

“Knowing exactly what your payment is going to be for the next 30 years,
especially if you’re a single mom, could be incredibly important for women,”
Lautz says.


THE FINANCIAL CHALLENGES FACING SINGLE BUYERS

Home values soared to record highs during the pandemic, and the jump in listing
prices has made it especially difficult for those doing a deal on just one
paycheck. But even in less-heated times, single buyers face particular
challenges:

 * Lower annual household income
 * More challenges to mortgage approval
 * Harder to save for a down payment and closing costs
 * No second source of income in emergencies/if financial circumstances change

As far as financing goes, both the Fair Housing Act and the Equal Credit
Opportunity Act prohibit discrimination and disparate treatment of mortgage
applicants on the basis of sex, marital status and familial status (like being
pregnant or a single mother); lenders can only consider creditworthiness and
financial info. But even by those standards, qualifying for a mortgage as a
single can be far more difficult. The income may be less, of course, along with
overall assets and savings. Even if their paycheck is hefty, it’s still a single
one; there’s no co-owner to step up if they get laid off. Two credit scores may
seem better than one in a lender’s eyes as well.

And for those who do qualify, the amount they’re approved for may not get very
far in a pricey market, which significantly limits homebuying options. This
problem is further compounded in real estate markets where inventory is already
limited, as has been the case across much of the country in recent years.

When you’re a single-income household, it can also be more daunting to squirrel
away money for a down payment (forcing you into a larger, more expensive loan).
Covering closing costs can also be challenging.

For those who manage to navigate all of these hurdles and become a homeowner,
there are still other financial risks — largely dealing with the unexpected. A
job loss, a disabling medical emergency or illness, a major home expense: All
these can be challenging to cover if you’re solo, unless you have significant
reserves set aside.

Mortgage
Despite their often-weaker credit profiles, women are better mortgage holders
than men, according to an Urban Institute research report, defaulting less and
paying off their loans more reliably.


ADVICE FOR GETTING INTO THE HOUSING MARKET WITH A SINGLE INCOME

Buyers with one income need to take extra care when entering the housing market.

 * Take a realistic look at your finances. If you’re drowning in credit card
   debt or facing other financial challenges, address those issues first.
   “Making sure that you’re financially ready to buy a home is the most
   important place for any buyer to start, but this could be even more important
   for single buyers with one income,” says Robert Heck, vice president of
   mortgage at Morty, a mortgage marketplace.
 * Strengthen your credit score. Your credit score is the most important factor
   in determining the mortgage rate you’ll pay, so pay all bills promptly and
   don’t run up large balances on your credit cards.
 * Research homebuyer programs. Most states and some cities offer down payment
   assistance for first-time homebuyers, and/or low-to-moderate-income house
   hunters.
 * Be prepared to do battle. While the U.S. housing supply and price tags have
   eased a bit in recent months, this remains very much a seller’s market, one
   characterized by tight inventories and aggressive competition among buyers.
   Full-price offers remain common.
 * Shop around for a mortgage. Once you’ve found a place, make sure to research
   your mortgage options. Shopping around for a home loan can save you thousands
   of dollars over the life of your mortgage.
 * Consider a low-down payment mortgage. For single women who can’t come up with
   20 percent down, there are plenty of mortgages that offer down payments as
   low as 3 percent, Bank of America’s Cummings says. Consider not just
   conventional loans, but government-backed mortgages, like FHA loans, too.
 * Don’t forget maintenance costs. One downside of homeownership is shouldering
   the responsibility for repairs and upkeep. Pipes leak, appliances break and
   roofs lose shingles. Be ready to figure household maintenance expenses into
   your budget.

Additional reporting by Mia Taylor


SHARE:
 * Share this article on Facebook Facebook
 * Share this article on Twitter Twitter
 * Share this article on LinkedIn Linkedin
 * Share this article via email Email

Written by Jeff OstrowskiArrow Right Principal writer, Home Lending
 * Connect with Jeff Ostrowski on Twitter Twitter
 * Connect with Jeff Ostrowski on LinkedIn Linkedin

Read more from Jeff
Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate
in 2000, he spent more than 20 years writing about real estate, business, the
economy and politics.
Edited by
Troy Segal
Edited by Troy SegalArrow Right Senior editor, Home Lending
Troy Segal is a senior editor for Bankrate. She edits stories about
Homeownership in addition to stories about the finer points of mortgages and
home equity loans.
 * Connect with Troy Segal on Twitter Twitter
 * Get in contact with Troy Segal via Email Email

Troy Segal
Senior editor, Home Lending


RELATED ARTICLES

Mortgages


IN TOUGH HOUSING MARKET, MORTGAGE RATE BUYDOWNS GAIN MOMENTUM

4 min read Nov 28, 2022
Mortgages


JUMBOS BECOME MORE OF A GO-TO MORTGAGE AS HOME PRICES RISE

3 min read Apr 06, 2022
Mortgages


THE HISTORY OF WOMEN AND MORTGAGES

2 min read Mar 08, 2022
Mortgages


SURVEY FINDS 74% OF HOMEOWNERS HAVEN’T REFINANCED DESPITE HISTORICALLY LOW
MORTGAGE RATES

5 min read Oct 18, 2021


BANKRATE LOGO BANKRATE


ABOUT

 * About us
 * Press room
 * Careers
 * Advertise with us
 * Site map


HELP

 * Contact us
 * Compare rates
 * Latest news
 * Popular topics


LEGAL

 * Privacy policy
 * Cookie Settings
 * Do Not Sell or Share My Personal Information
 * Understanding Bankrate’s averages
 * Terms of use
 * GLBA annual notice
 * California Consumer Financial Privacy Notice
 * Licenses


HOW WE MAKE MONEY

Bankrate.com is an independent, advertising-supported publisher and comparison
service. We are compensated in exchange for placement of sponsored products and,
services, or by you clicking on certain links posted on our site. Therefore,
this compensation may impact how, where and in what order products appear within
listing categories, except where prohibited by law for our mortgage, home equity
and other home lending products. Other factors, such as our own proprietary
website rules and whether a product is offered in your area or at your
self-selected credit score range can also impact how and where products appear
on this site. While we strive to provide a wide range offers, Bankrate does not
include information about every financial or credit product or service.

Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access
BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access

Facebook Twitter Instagram Linkedin Youtube Tiktok
Bankrate US | UK

© 2023 Bankrate, LLC. A Red Ventures company. All Rights Reserved.

Estimate your monthly payment
Close button

Use our Mortgage Calculator for a precise breakdown.

See my payment




ADVERTISER DISCLOSURE

We are an independent, advertising-supported comparison service. Our goal is to
help you make smarter financial decisions by providing you with interactive
tools and financial calculators, publishing original and objective content, by
enabling you to conduct research and compare information for free - so that you
can make financial decisions with confidence.

Bankrate has partnerships with issuers including, but not limited to, American
Express, Bank of America, Capital One, Chase, Citi and Discover.


HOW WE MAKE MONEY

The offers that appear on this site are from companies that compensate us. This
compensation may impact how and where products appear on this site, including,
for example, the order in which they may appear within the listing categories,
except where prohibited by law for our mortgage, home equity and other home
lending products. But this compensation does not influence the information we
publish, or the reviews that you see on this site. We do not include the
universe of companies or financial offers that may be available to you.


ON THIS PAGE

 * Trends in the housing market
 * What’s driving the single women home buying trend
 * The financial challenges facing single buyers
 * Advice for getting into the housing market with a single income

Prev Next
Quick citation guide Select a citation to automatically copy to clipboard.
APA: Ostrowski, JO. (2023, March 13). The number of single women homeowners
continues to surpass the number of single men homeowners. Bankrate. August 07,
2023 from
https://www.bankrate.com/mortgages/single-women-pursue-homeownership/?utm_campaign=campaign_7409782&utm_medium=email&utm_source=Iterable&utm_term=newsletter
Copied to clipboard!
MLA: Ostrowski, Jeff. "The number of single women homeowners continues to
surpass the number of single men homeowners." Bankrate, 13 March 2023,
https://www.bankrate.com/mortgages/single-women-pursue-homeownership/?utm_campaign=campaign_7409782&utm_medium=email&utm_source=Iterable&utm_term=newsletter
Copied to clipboard!
Chicago: Ostrowski, Jeff. "The number of single women homeowners continues to
surpass the number of single men homeowners." Bankrate. March 13, 2023.
https://www.bankrate.com/mortgages/single-women-pursue-homeownership/?utm_campaign=campaign_7409782&utm_medium=email&utm_source=Iterable&utm_term=newsletter
Copied to clipboard!
Bankrate logo


THE BANKRATE PROMISE

Founded in 1976, Bankrate has a long track record of helping people make smart
financial choices. We’ve maintained this reputation for over four decades by
demystifying the financial decision-making process and giving people confidence
in which actions to take next.

Bankrate follows a strict editorial policy, so you can trust that we’re putting
your interests first. All of our content is authored by highly qualified
professionals and edited by subject matter experts, who ensure everything we
publish is objective, accurate and trustworthy.

Our mortgage reporters and editors focus on the points consumers care about most
— the latest rates, the best lenders, navigating the homebuying process,
refinancing your mortgage and more — so you can feel confident when you make
decisions as a homebuyer and a homeowner.

Bankrate logo


EDITORIAL INTEGRITY

Bankrate follows a strict editorial policy, so you can trust that we’re putting
your interests first. Our award-winning editors and reporters create honest and
accurate content to help you make the right financial decisions.

KEY PRINCIPLES

We value your trust. Our mission is to provide readers with accurate and
unbiased information, and we have editorial standards in place to ensure that
happens. Our editors and reporters thoroughly fact-check editorial content to
ensure the information you’re reading is accurate. We maintain a firewall
between our advertisers and our editorial team. Our editorial team does not
receive direct compensation from our advertisers.

EDITORIAL INDEPENDENCE

Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to
give you the best advice to help you make smart personal finance decisions. We
follow strict guidelines to ensure that our editorial content is not influenced
by advertisers. Our editorial team receives no direct compensation from
advertisers, and our content is thoroughly fact-checked to ensure accuracy. So,
whether you’re reading an article or a review, you can trust that you’re getting
credible and dependable information.

Bankrate logo


HOW WE MAKE MONEY

You have money questions. Bankrate has answers. Our experts have been helping
you master your money for over four decades. We continually strive to provide
consumers with the expert advice and tools needed to succeed throughout life’s
financial journey.

Bankrate follows a strict editorial policy, so you can trust that our content is
honest and accurate. Our award-winning editors and reporters create honest and
accurate content to help you make the right financial decisions. The content
created by our editorial staff is objective, factual, and not influenced by our
advertisers.

We’re transparent about how we are able to bring quality content, competitive
rates, and useful tools to you by explaining how we make money.

Bankrate.com is an independent, advertising-supported publisher and comparison
service. We are compensated in exchange for placement of sponsored products and,
services, or by you clicking on certain links posted on our site. Therefore,
this compensation may impact how, where and in what order products appear within
listing categories, except where prohibited by law for our mortgage, home equity
and other home lending products. Other factors, such as our own proprietary
website rules and whether a product is offered in your area or at your
self-selected credit score range can also impact how and where products appear
on this site. While we strive to provide a wide range offers, Bankrate does not
include information about every financial or credit product or service.