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Walmart has a ‘sturdy’ metal storage shed for $94 that’s easy to assemble
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this deal
If you’re doing lawn work, it might surprise you to see how many outdoor tools you have at home. So much so that your garage may not have enough room to keep it all organized. Don’t worry, because Walmart has a Devoko Metal Storage Shed on sale for a price that won’t mow down your budget.
Listed for $166 in the past, this backyard addition measuring 5 by 3 feet is now available for $105. This brown shed is easy to assemble at home. It can fit in with your patio, driveway, or backyard, so you always know where the hedge clippers are.
Devoko Metal Patio Shed, $94 at Walmart
Courtesy of Walmart
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Details to know
The compact size might not look like much, but the inner shed has plenty of room for leaning essentials on the walls, placing items on the floor, or building shelves to organize your gardening favorites. The shed’s roof features recesses on top that let rain roll off of it while being strong enough to withstand rough winds. Its body is also made with high-quality steel, so your tools will stay safe in stormy weather. There’s also a handy lock on its door so you can rest easy knowing everything will stay in its place.
Related: Walmart has a 5-foot walk-in storage shed for just $98
Why do shoppers love it?
Walmart shoppers were pleasantly surprised by the shed’s usefulness, throwing five-star ratings and reviews for the backyard accessory. One customer called the shed “sturdy and very attractive,” adding that it was “big enough for all [their] tools, yet small enough to fit on [their] driveway.” A different customer shared that the shed is high quality and easy to assemble in less than five hours. One shopper praised the shed’s large capacity while sitting on their patio, while another called it a “great outdoor shed.”
The Devoko Metal Storage Shed is a great addition to your backyard setup, especially while it’s only $94. It has plenty of space for lawn care essentials, is easy to assemble at home, and can withstand the roughest storms in the summer and beyond.
Macy’s $100 8-piece reversible boho comforter set with matching sheets is $40
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.
Why we love this deal
A colorful and cozy comforter can add cheeriness to your space, and as fall days grow shorter, providing less sunlight, the dopamine-boosting decor may be just what your bedroom requires. Finding a beautiful bedspread with just the right splash of color can be trickier than you’d imagine. Anything too bold or flashy may be energizing, which isn’t conducive to a good night’s sleep, but you still want enough of a pop that it brings a smile to your face each time you look at it. You’ll also want to consider the feel of the materials. When diving into bed at the end of a long day, you want to be surrounded by a plush, cloudlike softness, not fabric that’s stiff or scratchy
Finding all these bedding must-haves on a budget is possible with the Macy’s Jaipur 8-Piece Comforter Set, which is currently on sale for $40 with a generous 60% off. The boho chic bedspread has everything you need for a bedroom makeover, including a four-piece sheet set.
Jaipur 8-Piece Comforter Set, $40 (was $100) at Macy’s
Courtesy of Macy’s
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Why do shoppers love it?
The Jaipur comforter set and pillow shams have a reversible design, so you’re getting two looks in one affordable bundle. One side features a gorgeous global-inspired pattern with intricate details in hues of orange and blue. Flip it over to reveal a delicate floral pattern on a background of blue. While the patterns look great together, they both have very different vibes, giving you more versatility than your standard reversible comforter set. Along with the reversible bedspread and two pillow shams in the bedding set, you’ll also get all the pieces you need to complete the look, including a flat sheet, a fitted sheet, two pillow cases, and a bedskirt.
Related: Macy’s is selling a $205 French farmhouse quilt set for $72
Crafted from a smooth microfiber, this bedding is soft to the touch, so it’s perfect for snuggling up in. The material is also durable, fade resistant, and machine washable, so it will continue to look good after frequent use and washing. The bedding is designed for year-round use. It’s warm but lightweight, so you won’t overheat in the middle of the night. For even more peace of mind, the fabric is Oeko-Tex Standard 100 certified, meaning it has passed testing to verify it’s safe from over 1,000 harmful substances.
Details to know
Sizes: Twin, full, queen, and king sizes are all available for $40.
Bedding in set: A comforter, two pillow shams, a flat sheet, a fitted sheet, two pillowcases, and a bed skirt.
Material: Microfiber made from 100% polyester.
Is it machine washable?: Yes.
Overall, shoppers are satisfied with this complete comforter set. “This is very cozy. We are thrilled with the warmth and color of this set,” one reviewer raved. Another shopper wrote, “It’s super cute and comes with everything you need! The quality is amazing, and it’s super soft and comfortable.”
Shop more deals
Blockprint Trellis Reversible 8-Piece Comforter Set, $40 (was $100) at Macy’s
Alexa Damask Reversible 8-Piece Comforter Set, $40 (was $100) at Macy’s
Kayla Patchwork 8-Piece Comforter Set, $40 (was $100) at Macy’s
The Macy’s Jaipur 8-Piece Comforter Set is a soft and cozy bedding selection that can transform your bedroom. It will only be available for $40 for a few more days, so don’t wait to snag it for yourself.
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Giving Money To the Next Generation: Which Account Fits Your Goal?
If you want to give money to a child or grandchild, decide what it’s for before you decide where to put it. The account that works for a 7-year-old’s allowance is wrong for a retirement nest egg, and the account that is perfect for college can cost you a penalty if the money ends up buying a car.
People give money to the next generation for five common reasons, and each one has an account built for the job. The guide below lists them in order of when the money gets used, from childhood through legacy. For every account, the two things to know are who controls the money and at what age that changes, so each section calls those out.
Childhood: Money a Kid Can Learn With
This is allowance, birthday checks and the first paycheck from mowing lawns. The goal is teaching the habit of saving and spending on purpose, not growing a balance, so the account should be simple and cheap.
Best bet: a custodial checking or savings account. Most banks and credit unions offer a kids’ or teen account with no fees and no minimum. Look for one with a debit card the child can use and an app that lets you see every transaction. Some let you set spending limits or lock the card from your phone.
Who controls it: You do, as the joint owner or custodian, until the child turns 18. At that point, the bank converts it to a regular account in the child’s name, or you can close it and move the money. In practice, most parents hand over the reins gradually long before that.
There is no tax angle here. Interest on a few hundred dollars is negligible, and a child’s small amount of unearned income is not taxed. Money meant to grow for years belongs in one of the accounts below.
Education: College, Trade School and More
“Education” is broader than it used to be. Since 2025, 529 money can pay for trade and vocational programs, registered apprenticeships, professional licensing exams and continuing education, and the K-12 tuition limit doubled to $20,000 a year starting in 2026 (J.P. Morgan).
Best bet: a 529 plan. Money grows tax-free and comes out tax-free for qualified education expenses. More than 30 states give a state income tax deduction or credit for contributions, usually only in your home state’s plan. You can open one in any state regardless of where you live or where the child eventually goes to school.
Who controls it: The account owner, for as long as they own it. The child is the beneficiary, not the owner, and never gains control just by getting older. You decide when money comes out, what it pays for and who the beneficiary is. You can switch the beneficiary to another family member at any time, including a sibling, cousin, niece or nephew, or yourself, with no tax. Control only passes if you transfer ownership, name a successor owner or die. The one exception is a 529 funded with money that was already in a UTMA account, which becomes the child’s at the age of majority.
If the child skips college, the money is not stuck. You can name a new beneficiary, spend it on a trade program or certification, pay down up to $10,000 of the beneficiary’s student loans, or roll unused funds into the child’s Roth IRA (details under Retirement). The worst case is a non-qualified withdrawal, where you get your contributions back tax-free and pay income tax plus a 10% penalty only on the earnings.
Also works
Parent-owned Roth IRA. Roth contributions can be withdrawn at any time, tax- and penalty-free, and earnings can come out penalty-free for college costs. The catch is that every dollar you pull for tuition is a dollar that is no longer growing for your own retirement. You control it entirely; the child has no claim on it.
Parent-owned taxable brokerage account. No contribution limits, no rules on what the money is for, and no tax break. You pay capital gains tax when you sell. You keep full control for life.
Lifestyle: A First Car, a Wedding, a Down Payment
This is money you want to hand over for a big adult expense, probably sometime in the child’s 20s. None of the tax-advantaged accounts are built for it, so the deciding factor is control, specifically whether you want to be able to say no.
Best bet: a parent-owned taxable brokerage account. Open a regular brokerage account in your own name, earmark it mentally for the child, and invest it in a low-cost index fund. When the time comes, you sell, pay capital gains tax on the growth, and write the check. If the child turns out not to need it, or you decide a 22-year-old is not ready for $40,000, nothing forces your hand.
Who controls it: You, for life. The child has no legal interest in the account until you give the money away. Gifts above the annual exclusion ($19,000 per recipient in 2026, or $38,000 from a married couple) require a gift tax return, though almost no one owes actual tax.
Also works
UTMA or UGMA custodial account. You open a brokerage account in the child’s name with yourself as custodian. Money you put in is an irrevocable gift, and the first chunk of investment income each year is taxed at the child’s low rate. The trade-off is that the child takes full legal control at the age of majority set by your state, usually 18 or 21 and up to 25 in a few states, and can spend it on anything. Large balances can also reduce financial aid, since the money counts as the student’s asset.
Irrevocable trust. You set the terms in writing, such as money released at 25 or only for a home purchase, and a trustee enforces them. The trust controls the money, not you and not the child, for as long as the document says. Setup runs several thousand dollars in legal fees plus annual filing, so it makes sense only for larger sums.
Retirement: Money That Won’t Be Touched for 40 Years
A few thousand dollars invested for a newborn has 60-plus years to compound, which is why this is the most powerful gift on the list. Which account to use comes down to one question: Does the child have earned income?
Best bet if the child has earned income: a custodial Roth IRA. A child with a W-2 job, or documented self-employment income such as babysitting or lawn care, can have a Roth IRA. You open it as custodian and can fund it yourself; the child does not have to contribute their own money. Contributions are capped at the lesser of what the child earned that year or the annual IRA limit ($7,500 in 2026). The money grows tax-free, contributions can come out at any time without penalty, and earnings are tax-free in retirement.
Who controls it: You, as custodian, until the child reaches the age of majority in your state, usually 18 or 21. Then the account transfers to the child outright. A 21-year-old can legally drain it, so the gift comes with a conversation.
A Clark favorite: a 529 plan. Clark likes the 529 for retirement giving for one reason: control. “I love the parent having control until a kid is mature enough to handle their own money.” Fund a 529 early, use it for school if the child goes, and if money is left over, roll it into a Roth IRA in the child’s name. The rules: the 529 must be at least 15 years old, the lifetime rollover cap is $35,000 per beneficiary, each year’s rollover counts against the child’s annual IRA limit and cannot exceed their earned income that year, and contributions from the last five years can’t move. In practice that means a slow drip into the Roth over the child’s 20s, not a lump sum, and the $35,000 cap only matters for families with a lot left over.
Who controls it: You, until the moment of the rollover. The 529 stays yours indefinitely; the Roth IRA it feeds belongs to the child.
Good option if the child has no income: a Trump Account. Created by the 2025 tax law and open for contributions since July 4, 2026, these are IRA-like accounts for children under 18 with no earned-income requirement. Children who are U.S. citizens born from January 1, 2025, through December 31, 2028, get a one-time $1,000 federal seed deposit. Anyone can contribute up to a combined $5,000 a year, and an employer can put in up to $2,500 of that as a tax-free benefit. The money must be invested in low-cost funds tracking the S&P 500 or a similar U.S. stock index (IRS).
Who controls it: The parent or guardian manages the account, but withdrawals generally aren’t allowed before January 1 of the year the child turns 18. After that, the account is the child’s and follows traditional IRA rules, so most withdrawals are taxed as income and face a 10% penalty before age 59½.
Also works
UTMA or UGMA custodial account. No contribution limits and no earned-income requirement, but it is taxable and the child takes full control at 18 or 21. Nothing stops them from spending a “retirement” account on a truck.
HSA. A health savings account is one of the best retirement accounts available, with a tax break going in, tax-free growth and tax-free withdrawals for medical costs. But it only works once the child is an adult on their own high-deductible health plan. You can gift them the cash to fund it, but you can’t open one for a minor.
Legacy: Wealth Meant to Outlast You
This is money you expect to pass down rather than hand over, often skipping a generation. The goals are keeping it out of your taxable estate, keeping it out of the hands of a beneficiary’s creditors or ex-spouse, and keeping some say over how it is used after you are gone.
Best bet: an irrevocable trust. You transfer assets into a trust, name a trustee, and spell out the rules in the trust document. Once funded, it can’t be undone, which is the point: the assets are no longer yours, so they are outside your estate. A trust can hold anything from brokerage accounts to real estate to life insurance. Expect several thousand dollars in legal fees to set up and annual costs to administer, which is why this makes sense mainly for estates large enough to face estate tax or for families who want firm strings on the money.
Who controls it: The trustee, under the terms you wrote, for as long as the trust lasts. That can be a set age (money released at 30, say), a set event, or the beneficiary’s lifetime and beyond. Neither you nor the beneficiary controls it directly.
Also works
“Dynasty” 529 plan. Because a 529 owner can change the beneficiary to any family member tax-free, a well-funded 529 can pass from child to grandchild to great-grandchild indefinitely. You can also front-load five years of annual-exclusion gifts at once, so a couple can put roughly $190,000 per beneficiary into a 529 in a single year and move it out of their estate while keeping control. Watch the gift tax rules on beneficiary changes that skip a generation, and name a successor owner so the account passes cleanly.
Who controls it: The account owner, then whoever they name as successor owner. Beneficiaries never control the account.
Who Controls the Money, and Until When
AccountWho controls itUntilThen
Custodial checking/savingsParent or custodianAge 18Converts to the child’s own account
529 planAccount ownerNo age limitOnly if the owner transfers it, names a successor or dies
Parent-owned Roth IRAParentFor lifeChild has no claim
Parent-owned taxable accountParentFor lifeChild has no claim until you give the money
UTMA/UGMACustodianAge of majority, 18 or 21 by state (25 in a few)Child takes full control
Custodial Roth IRACustodianAge of majority, 18 or 21 by stateChild takes full control
Trump AccountParent or guardianJan. 1 of the year the child turns 18Child’s account under traditional IRA rules
HSAThe adult childAlways theirsYou can only gift cash toward it
Irrevocable trustTrustee, under your written termsWhatever the trust saysDistributions per the document
“Dynasty” 529Account owner, then successor ownerNo age limitBeneficiaries never control it
Final Thoughts
Match the account to the purpose, and if you are not sure of the purpose yet, favor the accounts where you keep control. A 529 and a parent-owned brokerage account cover most situations between them, and both let you change your mind. Accounts in the child’s name, such as an UTMA or a custodial Roth IRA, give the biggest tax breaks and the least say over what a 21-year-old does with the money.
For most families, the amounts involved are modest, and the choice matters less than starting early. Open the account, set up an automatic contribution, and let the years do the work.
The post Giving Money To the Next Generation: Which Account Fits Your Goal? appeared first on Clark Howard.
Amazon has a $40 3-tier metal storage shelf that ‘fits perfectly in a small closet’
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this deal
Whether it’s the laundry room or the bathroom linen closet, we all have areas in the home that could improve with some added storage and organization. When facing this common conundrum, a sturdy shelving unit can make all the difference.
One option, the M Mzg 3-Tier Metal Storage Shelf, is now on sale for under $50 at Amazon. As a result, shoppers can score this premium unit for just $40.
M Mzg 3-Tier Metal Storage Shelf, $40 (was $45) at Amazon
Courtesy of Amazon
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Why do shoppers love it?
The most impressive feature of this shelving unit is its heavy-duty build, which can hold up to 750 pounds. Each of the three tiers can hold up to 250 pounds, and to provide even better storage, the shelves are adjustable. While it offers ample storage, the piece is still compact, so you can fit it into tight corners and narrow spots. On top of that, 360-degree spinning wheels make moving this rack around the home a breeze.
“Great for tight places where you need more storage,” one shopper wrote. “I purchased two. They are perfect for that small space, like the inside of a bathroom linen closet, or a storage pantry. These are small, easy to move with wheels, and hold a good amount of things. I purchased some baskets that fit inside, and that makes them hold even more.”
Details to know
Dimensions: The three-tier shelf measures 13.8 inches deep, 23.6 inches wide, and 25.5 inches high.
Color options: It’s only available in black.
Will it hold heavy appliances?: Yes, each shelf can hold 250 pounds, for a total weight capacity of 750 pounds.
Does it come with wheels?: Yes, this unit comes with sturdy wheels.
Is assembly required? Yes, but it should be hassle-free with no tools needed.
Standing just over two feet tall, this shelf can be placed in so many areas around the home. While you will need to put together the structure upon arrival, many shoppers rave about the simple assembly process, including one reviewer who wrote, “It’s really sturdy, and you can adjust the size of the shelves. It’s really easy to put together — my kiddo put it together by himself! Very functional and looks great with all my plants.”
Related: Amazon is selling a rattan storage cabinet with 3 shelves and a drawer for $130
Another shopper said, “These little shelves are so sturdy! I was actually really surprised. It was also very easy to put together and fits perfectly in a small closet space.”
Shop more deals
Izeuk 4-Tier Chrome Metal Storage Shelves, $60 at Amazon
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Singaye 4-Tier Small Wire Shelves, $37 at Amazon
Save space and money by adding the M Mzg 3-Tier Metal Storage Shelf to your cart while it’s still available for just $40.
6 Best Mortgage Refinance Companies of November 2026
Key Takeaways
Money’s review of 35+ refinance lenders across five weighted factors names CrossCountry Mortgage as best overall, citing a 500 minimum credit score and 21-day closings.
Refinance closing costs typically run 2% to 6% of the loan amount, and a 0.75% to 1% rate reduction generally justifies refinancing.
Navy Federal Credit Union offers VA refinances up to 100% LTV at 6.930% APR as of October 30, with a 60-day rate lock.
*Sample rates presented here are valid as of October 30 and can change at any time.
Our top picks for the best mortgage refinance lenders of November 2026
CrossCountry Mortgage: Best Overall
Rate: Best for Fast Closing Times
New American Funding: Best for Low Rates
Navy Federal Credit Union: Best for Military Members
Rocket Mortgage: Best for Customer Satisfaction
Refi.com: Best for Low Fees
Best mortgage refinance companies reviews
Pros
Offers a wide variety of readily available loans with competitive rates and credit score requirements.
Closes in as little as 21 days
Accepts low credit scores
Cons
Doesn’t provide sample rates, fees or loan cost information on its website
HIGHLIGHTS
Refinance Loans offered:
Rate and term, FHA, VA, USDA, cash-out, renovation loan and HELOC. Fixed and adjustable rate loans
Minimum credit score:
500 (some loan products have no minimum)
Sample rate:
N/A
Maximum loan amount:
$10 million for jumbo refinance
Loan-to-value ratio:
Not available
Availability:
50 U.S. states, Washington, D.C. and Puerto Rico
Why we chose it: CrossCountry Mortgage achieved the highest rating in our analysis of refinance companies. The lender’s combination of low credit score requirements, widespread availability and variety of loan products placed it above many of its competitors. Add to that a fast funding process that allows you to close on a loan in as little as 21 days, and you’ve got a winning combination.
Pros
Fast closing time
Low credit score requirement
Cons
Limited loan options
Charges an application fee
HIGHLIGHTS
Refinance Loans offered:
Rate and term, cash-out refinance, FHA and VA loans
Maximum loan-to-value ratio:
Up to 100%, depending on loan product
Minimum credit score:
580 standard, 500 for some loan products
Sample rate:
7.722% APR with 1.163 points for a 30-year, fixed rate conventional loan
Maximum loan amount:
$30,000 minimum, maximum amount varies
Availability:
All 50 states
Why we chose it: If you need to refinance your mortgage quickly, Rate is a lender worth considering. The lender aims to clear loans to close in as little as 10 days but doesn’t guarantee a closing date. On a primary-residence refinance, funds are released after the three-day right of rescission. Rate also accepts borrowers with poor credit, though its sample rate is higher than those of our other picks.
Pros
Consistently lower rates than competitors
Low credit score requirement
Fast closing time
Cons
No lender fee or closing cost information on the website
HIGHLIGHTS
Refinance Loans offered:
Rate and term, cash-out, HELOC, FHA and VA streamline refinances
Minimum credit score:
500, some loan products with no minimum required
Sample rate:
As low as 6.866% APR with 1.000 points paid, 30-year fixed-rate loan
Maximum loan amount:
Varies
Maximum loan-to-value ratio:
Up to 100%, depending on loan product
Availability:
50 states and Puerto Rico
Why we chose it: New American Funding offered the lowest interest rates during our evaluation period, making it our pick for securing a low rate (though you should still shop around). However, the lender offers additional perks. It provides flexible loan terms, including interest-only loans and non-qualified mortgages that consider alternate income sources.
Pros
Developed specifically for service members
Specializing in VA loans
Low loan origination fee that you can waive
Cons
Product offerings are limited to VA and conventional loans
Requires credit union membership
HIGHLIGHTS
Refinance Loans offered:
Rate and term, cash-out, VA and VA streamline loans
Minimum credit score:
Varies
Sample rate:
As low as 6.875% APR (30-year VA loan with 0.750 points paid); 7.189% APR (30-year fixed rate conventional loan with 0.875 points paid)
Maximum loan amount:
Not specified
Maximum loan-to-value ratio:
Up to 100% for VA loans, 95% to 97% for conventional loans
Availability:
386 branches available worldwide
Why we chose it: Navy Federal has the experience to navigate the complexities of VA loan requirements. Additional perks include a no-cost Freedom Lock that holds your rate for 60 days with a float-down of up to 0.25 percentage points, and a limited-time Special Freedom Lock that allows up to 0.50. The lender charges a 1% origination fee, which you can waive in exchange for a 0.25% rate increase.
Pros
Consistently ranks at the top of independent customer satisfaction surveys
Competitive interest rates
Low credit score requirements
Cons
Limited loan options
Higher than usual closing costs
HIGHLIGHTS
Refinance Loans offered:
Rate and term, VA, FHA and Cash-out loans
Minimum credit score:
620 for conventional loans, 580 for FHA and VA loans
Sample rate:
As low as 6.927% APR with 1.875 points paid, 30-year fixed rate conventional loan
Maximum loan amount:
Varies
Maximum loan-to-value ratio:
97%, 100% for VA loans
Availability:
50 states
Why we chose it: Rocket Mortgage consistently receives five-star ratings on third-party customer ranking sites like Trustpilot and regularly appears as an above-average lender in J.D. Power’s Mortgage Servicer and Origination surveys. The lender offers a fully online application and funding process, along with a variety of loan programs.
Pros
No lender fees
Flexible loan terms
Wide loan variety
Cons
Not available in every state
Home equity loans and lines of credit offered through third-party partners
HIGHLIGHTS
Refinance Loans offered:
Conventional rate and term, cash-out, jumbo, FHA, VA and USDA, including streamlined
Minimum credit score:
620 most loans, 660 for conventional and VA cash-out loans
Sample rate:
Varies
Maximum loan amount:
Varies
Maximum loan-to-value ratio:
Up to 100% for VA and USDA loans, 95% to 97% for conventional loans
Availability:
44 states
Why we chose it: Refi.com is an online lender specializing in mortgage refinance and home equity products. They don’t charge any origination or lender fees — you only have to pay for the property title and building escrow — which minimizes the amount of cash you need upfront. The lender also offers several loan options and very flexible terms ranging from 10 to 30 years, in five-year increments.
Other companies we considered
We reviewed other lenders that didn’t make our top picks, but they still offer products worth considering. Always take the time to evaluate different lenders and find the right option for you.
Network Capital Funding
Network Capital Funding offers conventional rate-and-term refinancing and cash-out loans. It doesn’t charge any lender fees, and its sample interest rate was among the lowest we’ve found. The lender also offers Fannie Mae’s RefiNow loan program, designed to make refinancing easier for low- to moderate-income borrowers who meet the program’s requirements.
Why we didn’t choose it: Network Capital has excellent customer and third-party ratings and could be a good option for low-income borrowers with high debt-to-income ratios. We didn’t include the lender because it’s only available in 20 states and Washington, D.C., which limits the number of borrowers who can apply.
Pennymac
Pennymac offers a wide variety of refinance loans and requires a low minimum credit score of 620. The company’s only fees (lender fees) are slightly lower than most competitors’. You’ll pay either a flat fee of $500 or 0.95% of the loan amount.
Why we didn’t choose it: Pennymac’s mortgage rates were typically higher than those of other lenders we analyzed, making it a good option but not a top pick.
Movement Mortgage
If you own a rental property and are considering refinancing to free up cash, consider Movement Mortgage. The lender offers conventional and cash-out Debt-Service Coverage Ratio (DSCR) loans that allow investors to use alternative income documentation, such as bank statements or profit-and-loss statements, to refinance their loans. To qualify for Movement’s DSCR loans, you must have a minimum 640 credit score, a maximum LTV of 80% and the property’s rental income must cover 75% or more of the mortgage payment.
Why we didn’t choose it: Movement’s website lacks information on closing costs, lender fees and sample rates, and they did not respond to our request for additional details.
What to know about mortgage refinancing
Refinancing your home loan can be a valuable tool if you want to get better loan terms or take advantage of the increased value of your home, but as with any type of loan product, there are pros and cons. Here’s how to determine if refinancing is right for you or if you should consider other options.
When does mortgage refinancing make sense?
Just because you can refinance your loan doesn’t mean you should. As we mentioned before, the benefits need to outweigh the costs, or you’ll end up in a worse financial position.
One of the most popular refinancing options is a rate-and-term refi, which replaces your existing mortgage with one at a lower rate and typically lowers your monthly payments. Most experts agree that a refi is worthwhile if you can lower your rate by 0.75% to 1% (for example, from 6.75% to 6% or 5.75%). If you refinanced a $450,000 loan, that would reduce your monthly payment by at least $200.
Refinancing can also help for other reasons. If you have an adjustable-rate loan, for example, you may want to consider converting it to a fixed-rate mortgage to lock in a more favorable rate. Or you may want to tap into your home equity to pay for a home renovation. We outline the loan types appropriate for these scenarios (and a few others) later in this guide.
When does mortgage refinancing not make sense?
However, securing a lower rate is just one part of the equation. Melissa Cohn, regional vice president at William Raveis Mortgage, says you must also factor the cost of taking out the new loan into your decision.
“The closing costs are key to ensuring economic benefit,” Cohn says. “You need to look at the monthly savings in the payment versus how much it will cost you to close.”
Refinancing might not be the best move if you plan to sell your home before you reach your break-even point — that is, before your savings outweigh the refinancing fees.
Refinancing also isn’t a good idea if you don’t qualify for a lower rate or better terms, and you end up paying more than you currently do. If the closing costs are more than you can afford, or if extending the loan term would result in significantly higher interest over time, a refi may not be your best choice.
Carefully weigh the benefits against the risks to determine if a refi makes financial sense. If you’re unsure, talk to an experienced mortgage lender who can evaluate your budget, walk you through your options and help you find the best solution.
Types of refinance loans
It doesn’t matter whether you have a conventional loan, a government-backed loan such as an FHA or VA loan, or a jumbo loan — under the right conditions, refinancing is possible.
There are seven options to consider, each addressing a different goal.
Rate-and-term refinance: Replaces your current mortgage with a new one that offers a lower interest rate and monthly payment, a different repayment schedule, or both.
Cash-out refinance: Allows you to tap your home equity for cash. The new loan balance exceeds your existing loan, and the proceeds pay off the outstanding balance of your original loan. You’ll receive the difference as a lump-sum payment.
Cash-in refinance: This option allows you to take out a new loan for a lower amount than your current loan by making a lump-sum payment, similar to a down payment, thereby reducing the amount you borrow. By borrowing less, you may qualify for a lower interest rate and save on the monthly payment.
Streamline refinance: This option provides a faster application and approval process with fewer documentation requirements for borrowers refinancing FHA, VA and USDA loans.
No-closing cost refinance: This type of loan rolls your refi closing costs into the new mortgage if you don’t have the cash to cover these expenses. However, including closing costs in the loan increases your loan amount and monthly payments
Reverse mortgage: Specifically designed for homeowners 62 or older, this loan allows you to take equity out of your home, pay off any outstanding mortgage balance and use the excess proceeds as you see fit. There are no required monthly payments, and repayment isn’t due until you permanently move out of the home, don’t live in the home for more than 12 months, have unpaid taxes or insurance, haven’t properly maintained the home or die.
Short refinance: If you default on your loan, a lender may offer to refinance your mortgage for a lower amount and forgive the difference between the new loan amount and the original balance. It can be a less expensive option than going through foreclosure.
The pros and cons of mortgage refinancing
The pros and cons of mortgage refinancing
PROS
CONS
Lower interest rates and monthly payments
Can temporarily lower your credit score
Potentially less interest paid over time
Can extend the repayment period, potentially leading to more interest paid over time
Access to home equity
Must pay for closing costs and other fees
New repayment terms
How to choose a mortgage refinance company
Finding the best interest rate and lowest fees are the main factors to consider when shopping for a refinance company, since these directly affect the total cost of your loan. However, you should also consider other factors. Those include:
Experience
A lender or loan officer with years of experience can be an asset during the loan process, since they’ll be familiar with your local real estate market and lending conditions. Their expertise enables them to ask targeted questions, helping you pinpoint your goals and recommend the best options to achieve them.
Product knowledge
Look for lenders knowledgeable about various loan types. They’ll be better able to recommend the right product once they understand your goals and needs, compared with a lender that offers only one specific type of loan. Some lenders can provide solutions for more complex financial situations, such as those involving borrowers with alternative income sources or self-employment, if they are familiar with a variety of loan options.
Transparency
Paying unnecessary fees can significantly increase your monthly payments and the total loan amount. Your lender must provide a detailed loan estimate up front. This document should include details of the interest rate you may qualify for, lender’s fees, closing costs and the total loan cost. A good lender will explain each item in detail and answer all your questions so you can avoid unpleasant surprises when it’s time to close on the loan.
Communication
The mortgage process can be nerve-wracking. A lender that keeps you promptly informed about your application’s progress can help ease some of that anxiety. The last thing you need is to chase after a lender for a status update.
Alternatives to mortgage refinancing
Depending on your reasons for refinancing, other options may be worth considering. If, for instance, you want to tap into the equity you’ve gained or are looking for cash to make home improvements, here are a few funding alternatives you may want to explore.
Home equity loan: A home equity loan is a second mortgage on top of your existing loan. This loan might be a good option if you have a much lower interest rate on your primary mortgage and don’t want to refinance into a higher rate. However, you need to be financially able to carry two mortgage payments.
Home equity line of credit (HELOC): A HELOC is a good alternative if you need access to money when a need arises or as an emergency reserve. It works much like a credit card in that you can use the money, make interest-only payments during the draw period, and repay the amount you’ve withdrawn to replenish the line of credit.
Home equity sharing agreements (HEAs): These relatively new products allow homeowners to access their equity without taking out a loan or making extra monthly payments. In essence, an investment company buys a share of your home’s future value in exchange for a lump sum payment. At the end of the agreement, you will repay the original investment amount plus an agreed-upon percentage of your home’s appreciated value.
Personal loan: For smaller sums, like a few thousand dollars, consider a personal loan. Interest rates are lower than those on credit cards, and loan terms are typically short. They also take less time to apply for, obtain approval and receive funding than a mortgage refinance.
Latest news in mortgage refinancing
Mortgage rates climbed above 7% in September and peaked in early October, when the Mortgage Bankers Association’s 30-year conforming average reached 7.49%, its highest in almost three years. They have eased since: Freddie Mac’s 30-year average was 7.24% on Oct. 29, down from 7.40% earlier in the month. The Federal Reserve raised its target range to 3.75% to 4% in September and held it on Oct. 28, with two members preferring another increase.
These higher rates have put pressure on homebuyers and homeowners. The former are finding it harder to afford the monthly payments required for a home purchase, while many of the latter face interest rates higher than when they bought their property, making a mortgage refinance much less attractive. Refinance applications were 61% lower than a year ago in the week ending Oct. 23, according to the MBA.
The one bright spot is that many homeowners have significantly high levels of home equity. Although a rate-and-term refinance may not make financial sense right now, other options exist for accessing that equity. Home equity loans and home equity lines of credit are the most popular choices for those who need extra cash.
Mortgage Refinancing FAQs
How soon can you refinance after buying a home?
It depends on the type of refinance. Conventional rate-and-term refinances generally allow loans up to 95% to 97% of your home’s value, and FHA no-cash-out refinances allow up to 97.75%, so you may need only 3% to 5% equity. Cash-out refinances typically cap at 80% of your home’s value for conventional loans, which means at least 20% equity; FHA and VA cash-out limits differ. VA loans can allow 90% to 100% of your home’s value.
Is cash-out refinance money taxable?
No, the money is not taxable because it is a loan. The interest paid on the loan, however, is not tax-deductible unless the money is used specifically to build, buy, or substantially improve your home.
How much equity do you need to refinance a home?
You will need at least 20% home equity for conventional and FHA rate-and-term refinances, as well as cash-outs. You can finance up to 80% of your available equity, although that percentage can increase to 90% to 100% on a VA loan.
Do you need an appraisal to refinance your home?
Yes, in most cases. There are exceptions, however. You may receive an appraisal waiver for a conventional loan, while streamlined FHA and VA loans do not require an appraisal. You’ll need a full appraisal for a cash-out refinance.
How much does it cost to refinance?
The cost to refinance a mortgage will depend on the lender and your financial profile. Experts typically cite a range of 2% to 6% of the loan amount for closing costs and fees. You may also be required to pay for an appraisal, with costs generally running between $300 and $500. The exact cost depends on your location and the type of property.
Can I refinance to a shorter term?
Yes, you can refinance to a shorter term. Remember that when you shorten your loan term, you shorten the time to repay the loan in full, which results in higher monthly payments than with a longer-term loan. However, a shorter term also means you won’t pay as much interest as you would with a longer-term mortgage.
Methodology
We analyzed over 35 of the top mortgage refinance products and lenders nationwide. We used publicly available data and, whenever possible, confirmed its accuracy through interviews with lender representatives. We looked at factors such as rates and terms, loan amounts and eligibility requirements. We then scored each lender on a one-to-five point scale based on the following: interest rates (30%), lender fees and closing costs (20%), loan variety (20%), customer satisfaction rankings (15%) and credit score requirements (15%).
We awarded higher scores to lenders that offered low starting rates, as this metric affects the loan’s overall cost.
We prioritized lenders with lower fees and closing costs over those with standard or higher-than-average costs.
Lenders that offered more lending options also received higher scores because they could meet a wider range of refinancing needs.
We awarded higher scores to lenders that received strong ratings from third-party customer satisfaction surveys and ranking sites such as J.D. Power and Trustpilot.
Summary of our top picks for the 6 best mortgage refinance companies of November 2026
CrossCountry Mortgage: Best Overall
Rate: Best for Fast Closing Times
New American Funding: Best for Low Rates
Navy Federal Credit Union: Best for Military Members
Rocket Mortgage: Best for Customer Satisfaction
Refi.com: Best for Low Fees
More from Money:
7 Best Home Equity Loans of 2026
4 Best No-Appraisal Home Equity Loan Lenders of 2026
Best Cash-Out Refinance Lenders of 2026
The Year-End Tax Moves Every One-Person Business Should Make Before December 31
There are roughly two months left in the 2026 tax year, and for a one-person business that window is worth more than most founders realize. Once December 31 passes, many of the decisions that shape your tax bill are locked in. Before it passes, you still have room to time purchases, fund retirement accounts, tidy up contractor paperwork, and make sure you aren’t heading into a penalty for underpaying through the year.
This year also carries more change than usual. The tax law signed on July 4, 2025, which the IRS now refers to as the Working Families Tax Cuts and which many people still call the One Big Beautiful Bill, rewrote several rules that matter to solo founders, freelancers and small online businesses. Some of those changes apply for the first time to payments you make in 2026. The year-end tax moves below are written for US-based solo operators. They’re a framework for a better conversation with your accountant, not a substitute for one, because the right move always depends on your entity type, your income, and your state.
Close Your Books Before You Make Any Decisions
Every good year-end decision starts with knowing where you actually stand. Before you buy equipment or move money into a retirement account, get your books current through October. Reconcile every business bank and card account, categorize the transactions that have been sitting in a suspense folder, and chase down receipts for anything significant. Then build a simple projection for November and December based on contracts you’ve signed, invoices you expect to collect, and costs you know are coming.
That projection gives you an estimated profit for the year, and almost everything else in this article depends on that number. A founder heading for a strong year has very different options from one who had a slow first half. Guessing at this figure is how people end up buying a laptop they didn’t need to save tax they didn’t owe, or skipping a contribution they could easily have made.
If you want to understand the business provisions of the new law in more depth, the IRS published a recorded webinar on its official YouTube channel walking through the business tax provisions.
Check Your Estimated Tax Position Now, Not in April
Most solo founders don’t have an employer withholding tax from their pay, which means the responsibility for paying through the year sits with them. The IRS explains on its estimated taxes page that most taxpayers avoid the underpayment penalty if they owe less than $1,000 after withholding and credits, or if they paid at least 90% of the current year’s tax or 100% of the prior year’s tax, whichever is smaller. The IRS also notes special rules for certain higher-income taxpayers, so check which threshold applies to you.
Run the numbers against your projection now. If revenue jumped this year, your earlier quarterly payments may have been based on a much smaller tax bill, and the final payment of the year is your chance to close the gap. If you’re short, you’ll know while there’s still time to set the cash aside. If you’re ahead, you can stop worrying and keep that money working in the business. Either way, finding out in late October is far better than finding out when you file.
Time Equipment Purchases Around When They Go Into Service
One of the most significant changes in the new law is the return of full expensing for many business assets. The IRS states that the law provides a permanent 100% additional first-year depreciation deduction, often called bonus depreciation, for qualified property acquired after January 19, 2025. It also raised the Section 179 expensing limit to $2,500,000 for property placed in service in tax years beginning after December 31, 2024, with that amount indexed for inflation in later years.
For a solo business, the practical point is simpler than the code sections suggest. If you were already planning to buy a computer, camera gear, studio equipment or other qualifying property in the next few months, buying it and putting it into use before December 31 can bring the deduction into 2026 instead of spreading it over several years. The IRS’s guidance for gig economy workers notes that for property such as vehicles or certain computers, business use must be more than 50% of total use to deduct up to the full cost of the business-use percentage in the first year.
The key words are “already planning.” Spending a dollar to save a fraction of that dollar in tax is still spending money. Buy what the business genuinely needs, keep the receipts and the date it was first put into service, and let your accountant decide whether expensing it all now or depreciating it over time makes more sense for your situation.
Use the Retirement Plan Window While It’s Open
For many profitable solo founders, a retirement plan is the single biggest lever available, and it also happens to build long-term wealth instead of just reducing a bill. The IRS announced that for 2026 the 401(k) elective deferral limit rises to $24,500, the catch-up contribution for people 50 and over rises to $8,000, and a higher catch-up of $11,250 applies to those aged 60 to 63. The IRA limit rises to $7,500, and the overall limit for defined contribution plans is $72,000.
Those numbers matter because a one-person business can often contribute in two capacities. The IRS explains that in a one-participant 401(k), the owner can make elective deferrals as the employee and also make employer nonelective contributions, subject to the overall limit, with special calculation rules for self-employed people. A SEP is the simpler alternative. According to the IRS, a business of any size, including a self-employed person, can establish a SEP plan as late as the due date, including extensions, of the business tax return for the year, with contributions of up to 25% of each employee’s pay.
Because the deadlines and paperwork differ between plan types, don’t leave this until the last week of December. Talk to your plan provider or accountant in November about which plan fits, what has to be in place by year-end, and what can wait until you file. If you’ve been treating retirement savings as something you’ll get to once the business is bigger, this is the year to reconsider. The habits you build around money now have a lot to do with how your business turns out, and how you approach personal finances can influence your entrepreneurial journey far more than most founders expect.
Get Ahead of Contractor Paperwork
If you pay freelancers, designers, editors or developers, the new law changes your January workload. The IRS confirms that the Form 1099-NEC threshold has increased to $2,000 for payments made in 2026, up from the $600 threshold that applied for decades. Starting in 2027, that amount can be adjusted for inflation. That means some smaller contractor relationships that used to require a form no longer will.
Don’t let the higher threshold make you sloppy, though. You still need to know exactly how much you paid each contractor during the year to decide who crosses the line, and the IRS notes that a 1099-NEC is still required for anyone from whom you withheld federal income tax under backup withholding rules, regardless of the amount. The smart year-end move is to pull a payee report now, collect any missing W-9 forms while people are still responsive, and fix incomplete names or tax ID numbers before the January filing rush. If you’ve already built a system for how you handle contracts and payments without a team, make W-9 collection part of contractor onboarding so this becomes a non-event next year.
Know What Payment Platforms Will Report About You
Many online businesses get paid through payment apps and marketplaces, and the rules for what those platforms report have also changed. The IRS explains that the law retroactively reverted the Form 1099-K reporting threshold for third-party settlement organizations to its earlier level, so these platforms are required to issue a 1099-K when payments in the calendar year exceed $20,000 and the number of transactions exceeds 200.
The important part is what the IRS says next. You must report all of your income when you file, whether or not you receive a 1099-K or any other information return. A higher reporting threshold changes the paperwork you receive, not what you owe. Make sure your own records capture every stream of revenue, including smaller platforms that may never send you a form, so your return reflects the business as it really is.
Don’t Leave the Qualified Business Income Deduction to Chance
Many owners of sole proprietorships, partnerships and S corporations have been able to use the qualified business income deduction for tax years beginning after 2017, and the new law made it permanent. The IRS describes it as allowing eligible taxpayers to deduct up to 20% of their qualified business income, subject to limitations, and notes that it’s available whether you itemize or take the standard deduction. For tax years beginning after 2025, the IRS also lists a new minimum deduction for active qualified business income. Income earned through a C corporation, or as an employee, isn’t eligible.
The deduction interacts with your taxable income, your type of business, and for higher earners, factors like wages paid and property held. That’s exactly why it belongs in your year-end conversation rather than as a surprise at filing time. Your projection, your retirement contributions and your equipment purchases all change your taxable income, and that in turn can change how much of this deduction you keep.
Set Up 2027 Before the Year Even Starts
The best year-end tax move is making next year’s year-end boring. Open a separate account for tax money if you don’t have one, and move a fixed percentage of every payment you receive into it. Put the quarterly estimated payment dates in your calendar now. Decide which bookkeeping tool you’ll use and commit to reconciling monthly rather than in a panic every December. Book a planning session with your accountant for mid-2027, when there’s still time to act on what you learn.
None of this is glamorous, but it’s the kind of discipline that separates a business that grows on purpose from one that keeps being surprised by its own numbers. Spend a few focused hours on these year-end tax moves over the next few weeks, bring your projection and your questions to a qualified professional, and you’ll go into 2027 with more cash, fewer surprises, and a much clearer picture of what your business really earns.
The post The Year-End Tax Moves Every One-Person Business Should Make Before December 31 appeared first on Addicted 2 Success.
William Shatner And Daughter Melanie To Discuss Surviving Stage 4 Cancer At End Well 2026 Summit
Actor and author William Shatner and his daughter, Melanie Shatner Gretsch, will join host Yvette Nicole Brown at the 2026 End Well Summit in Los Angeles on Nov. 12 for a deeply personal conversation about their respective cancer journeys, the importance of family, and why there is no time like the present to embrace life.