Your mortgage is undoubtedly one of your biggest and most important bills. Many mortgage companies include payments to the escrow payment with your mortgage, so you may not realize it’s there. For lenders that bill separately, you may have the option to put any money over the amount of your payment on either your escrow … Read more
It might seem impossible to pay off a $100,000 mortgage in just 5 years. Many homeowners can do it, though, with careful planning, tight budgeting, and big changes to how they live. Why Pay Off a Mortgage Early? There are several benefits to paying off your mortgage ahead of schedule You’ll save a tremendous amount … Read more
Afterpay has become an increasingly popular way for shoppers to pay for purchases in installments. But how does Afterpay determine if you qualify to use their service? The short answer is that Afterpay does not perform a full credit check. However, they do have an approval process that aims to assess a customer’s ability to … Read more
In a Nutshell Experian vs. Credit Karma: Which is more accurate for your credit score? You may be surprised to know that the simple answer is that both are accurate. Find out how the two companies get your credit score, why you have more than one credit score, and what makes them different below. If … Read more
Your credit health impacts your financial well-being and ability to achieve long-term financial goals. By regularly checking your credit report and score, and increasing your financial literacy, you will know what areas to focus on to develop a strong credit profile. Your credit score is one of your most important financial metrics It gives lenders … Read more
If you are a homeowner with a conventional mortgage who makes monthly payments on your home, you may have heard about biweekly mortgage payments as an alternative to traditional payment plans. The logic is that increasing the frequency of the payments reduces the interest that builds up and, over the course of a 30- or … Read more
Its an age-old question we receive, and to answer it requires that we start with the basics: What is the definition of a credit score, anyway?. 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 payment history, the amount … Read more
According to the Government of Canada, a credit score is a 3-digit number that represents how likely a credit bureau thinks you are to pay your bills on time. 1 It can be an important part of building your financial confidence and security. 1 For instance, improving your credit score could help you get loans … Read more
Its an age-old question we receive, and to answer it requires that we start with the basics: What is the definition of a credit score, anyway?. 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 payment history, the amount … Read more
If you’re considering refinancing your home, you might have heard the term “netting your escrow account. ” It’s an important concept that can save you time and money. But what does it mean, and why should you care? Let’s break it down and explore the benefits of netting your escrow account with your current lender … Read more
