When you check your credit scores for the first time, you might be surprised to find a three-digit number, even if youâre new to credit. Thatâs because your credit score doesnât start at zero. Find out where your credit score comes from and why it’s important to be responsible with credit from the start by … Read more
If you need cash for big costs like renovations, debt consolidation, or other big expenses, it can be tempting to take equity out of your home. You don’t have to refinance into a cash-out mortgage, though. There are other ways to get access to your home equity besides refinancing. What is Home Equity? Home equity … Read more
Because home prices are going up, 8/10/10 piggyback loans are a popular choice for people who need to borrow more than the conforming loan limit and need a Jumbo Loan. Let’s talk about what a piggyback loan is, how it works, and how to choose if it’s right for you! Piggyback loans allow homebuyers to … Read more
We get this question all the time, and to answer it, we need to start with the basics: Why do people ask for credit scores? Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Credit scores are calculated using information in your credit report. Your credit scores are based on … Read more
When financial pressures mount and debt payments become overwhelming, many people begin searching for potential relief options, like debt forgiveness, which reduces your balance and makes it easier to pay off the remainder of whats owed. But personal loans aren’t usually talked about when people talk about debt forgiveness. Credit card debt, medical bills, and … Read more
When you buy your first home, it’s an exciting time full of hopes for the future and dreams of the perfect home. However, its also a significant financial and emotional commitment. To make the process smoother and more rewarding, its essential to be well-prepared and avoid common mistakes that first-time home buyers often fall for. … Read more
Lenders call money that was put into your bank account more than 60 days before you apply for a mortgage “seasoned.” When mortgage lenders speak of “seasoned money” for a down payment on your home, they mean money youve possessed for a certain period of timeâcommonly 60 days. Lenders require seasoning of large portions of … Read more
Getting married is an exciting milestone in life However, when one partner brings a lot of debt into the marriage, it can put a damper on things Debt is one of the leading causes of stress in relationships. So, should you go through with marrying someone who has a lot of debt? Here’s a detailed … Read more
Spot loans are designed to provide speedy financing to borrowers facing an unexpected expense — but that fast cash often comes at a high price. If youre considering a spot loan, be sure to understand the pros and cons before pulling the trigger. Should you have bad credit, it can be hard to get a … Read more
If you’re shopping for a new car, you might be considering an auto loan. Many people don’t fully understand how these loans work, especially income verification. For an auto loan, do you need pay stubs? It depends on your credit score, employment, and the lender’s rules. With a low credit score, banks focus on your … Read more