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
You have to give some personal information, like your Social Security Number (SSN), when you open a Found account, even though it’s for your business. This is standard practice and serves several important compliance and verification purposes. When opening a new bank account, one of the first things you’ll be asked for is your social … Read more
Hey there! If you’re wondering, “What credit score do I need to get a $20,000 loan?” then you’ve come to the right place. I know what you’re going through because I’ve been there, worrying about big money decisions. I’m here to make it all clear for you. To sum up, most lenders want to see … Read more
Hey there, friend! If you’re wondering, “Is it a good idea to buy a house with cash?” then you’ve come to the right place. I’ve been down this path, calculating costs and worrying about whether to buy a house with a lot of cash or take out a mortgage to be safe. Spoiler alert: there … Read more
Credit scores are three-digit numbers that tell lenders how likely it is that you will pay your bills on time. They are made up of several factors. One thing that can affect your credit score is a hard inquiry. A hard inquiry, which is also called a “hard pull,” is when a lender checks your … Read more
Companies use your FICO® Score, which is a type of credit score that usually ranges from 300 to 850, to decide if they want to lend you money. Your FICO® Scores can impact your eligibility and offers when you apply for a loan or credit card and affect other areas of your life, like your … Read more
Many banks don’t limit the amount of cash you can deposit. But if you deposit more than $10,000, the bank and the federal government will have more rules about how you can use your money. If you have a substantial deposit to make, know that holding more than $250,000 at the same bank—even in multiple … Read more