Buying a $400,000 home typically requires a down payment between $12,000 and $20,000, depending on the type of loan you choose. Some people may be able to get loans with no down payment, but others may need to plan for both a down payment and other closing costs. The median U. S. home price has … Read more
People with credit scores between 300 and 850 have good credit. Scores between 670 and 739 are bad. Credit scores of 740 and above are very good while 800 and higher are excellent. Credit scores between 300 and 850 are good, with a score in the mid to high 600s or higher being the best. … Read more
The look of your credit score can be deceiving. If you’re worried you have a low credit score, it may have something to do with which credit reporting agency you’re using. Two of the major credit bureaus are TransUnion® and Equifax®. While both collect and store your credit information, they do so in slightly different … Read more
Mortgages allow consumers to purchase properties and pay for them over time. Each payment you make represents a combination of interest and principal repayment. The amount of interest youll pay depends on your mortgage rate. In any case, a bigger part of your mortgage payment goes toward interest in the beginning of your loan. The … Read more
You can either move the slider or type into the field below to adjust your approximate value. 0 Please provide valid property value What is your best estimate of your propertys value? MORTGAGE BALANCE Please provide valid mortgage balance What is the remaining balance on your existing mortgage? INTEREST RATE Please provide valid interest rate … Read more
Prima is a copywriter at Sallie and Boston University class of 2022 alum with a degree in communications. She transferred schools and switched majors her sophomore year, so she’s familiar with the unpredictable and chaotic college journey. She gives advice based on her own life and helps make the confusing parts of college life a … Read more
One of the most visible indicators of your financial health is your credit score. By analyzing it, lenders know your level of responsibility when using credit. The higher your score, the easier it is for you to get loans or credit. Also, a higher credit score will give a lower interest rate when applying for … Read more
Buying a car with cash means you won’t have to worry about monthly loan payments, but you’ll also miss a big chance to build up your credit score. As you go car shopping, consider the pros and cons of paying cash for a car and whether it’s right for your financial situation. Paying cash for … Read more
If you pay as agreed, student loans can help your credit score. But missteps can hurt it. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does … Read more
When it comes to homeownership, the idea of receiving a refund of any kind is exciting. After all, you have the inevitable bills that come along with homeownership. That’s why an escrow refund can present an enticing prospect. Although escrow refunds are relatively rare, these welcomed transactions do exist! Let’s take a closer look to … Read more