In cities like New York, renters face high housing demand. Tenant screening can often be strict, making tenant blacklisting a growing concern. Many tenants don’t realise that past legal issues or simple misunderstandings can land them on unofficial “do not rent” lists. This can limit their future housing options. Every tenant should know these six … Read more
Credit card debt is nothing new for most Americans. In fact, the “vast majority” of adult Americans have at least one credit card in their wallets and borrowers across the United States owe credit card companies a combined total of more than $1 trillion according to the U. S. Government Accountability Office. As you use … Read more
Now that we’ve defined debt-to-income ratio, let’s figure out what yours means. Generally speaking, a good debt-to-income ratio is anything less than or equal to 36%. Meanwhile, any ratio above 43% is considered too high. The biggest piece of your DTI ratio pie is bound to be your monthly mortgage payment. An important rule from … Read more
The average credit score in the U. S. was 715 in 2024, unchanged from the 715 average in the third quarter (Q3) of 2023. The average credit score was 715 in 2024, according to Experian data. That average, as of the third quarter (Q3) of 2024, is unchanged from the same quarter in 2023. For … Read more
You need a high-net-worth mortgage if you are a wealthy person looking for a big mortgage to buy or refinance real estate. Traditional mortgages fall short and don’t take into consideration the complex financial situations of high-net-worth individuals (HNWIs). This comprehensive guide delves into the intricate world of high-net-worth mortgages, exploring the creative programs available, … Read more
Good debt is debt that you take on to achieve meaningful growth in your personal life or finances, like a mortgage or student loan. Bad debt is relatively expensive debt and debt that someone takes on for unnecessary expenses, like credit card debt. Some people consider any debt to be bad. Others take a more … Read more
How can I prioritize my debt payments? Try these two strategies if you’re juggling multiple debts and unsure how to get started on repayment. [Duration- 2:14]. From student loans to credit cards, your debts can pile up fast. Learning to prioritize multiple debt payments is a critical step toward financial security. Hey there, fam! If … Read more
If you have a 401(k) and you want to take a mortgage loan, find out if the mortgage lender considers the 401(k) debt during the approval process. 3 min read. When you apply for a mortgage loan, the lender will look at your income and debts to see if they will let you borrow money. … Read more
Though theres no universally established “worst” day for closing, many homebuyers and real estate professionals caution against Fridays due to the increased likelihood of delays carrying over into the weekend. It can be tempting to try to get your dream home closed as soon as possible when you’re still waiting. However, there may be some … Read more
When you retire or plan to retire soon, it might be a good idea to look at your total household debt again. Debt doesnt have to stop your retirement plans, but you might want to consider your overall financial situation and make a plan to get out of debt before you decide to retire. Depending … Read more