Ellie Mae, a leading mortgage software company, says that the average time it takes for homebuyers in the US to close on their loans is 47 days (as of February 2019). This is true for all loan types. In general, purchase loans take longer to close than refinance loans by an average of 12 days. … Read more
Hey there, folks! If you’ve been wondering, “Will loan limits increase in 2022?”—well, I’ve got some killer news for ya They didn’t just increase; they shot up big-time! We’re talking a record-breaking jump that’s got homebuyers and real estate investors like us sitting up and taking notice For 2022, the baseline conforming loan limit climbed … Read more
Hey there, folks! If you’ve ever wondered how low some scammers can go lemme tell ya about a nasty little scheme called equity skimming. It’s the kinda thing that makes your blood boil—preying on folks who are already down on their luck facing foreclosure, and desperate to save their homes. So, what type of crime … Read more
Tax can be taxing. Thereâs a lot to keep an eye on and pay. When you pay your taxes every month, do they help your credit score? If you miss a payment, will it hurt your credit score and make it harder to get a loan? Keep reading to learn more about how taxes affect … Read more
Hello, friend! If you want to know “how can I raise my FICO score 20 points,” you’ve come to the right place. Believe me, I know what it’s like to worry about every little thing on your credit report. I’m going to tell you how to quickly raise your score. If you want to get … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board is made up of financial experts whose job it is to make sure that all of our content is fair and unbiased. Bankrate is always editorially independent. While we adhere to strict , this post may … 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
If you’ve ever wondered, “What is APR on a loan?” then you’ve come to the right place. I’ll explain it in simple terms, without any complicated financial language. APR, or Annual Percentage Rate, is the cost of borrowing money each year. It’s important to know this when you take out any kind of loan, like … Read more
Ready to tackle your mortgage and get it paid off in 7 years? First, let’s get a few things straight: Are you ready to pay off your mortgage years early? It’s time to get smart! These tried-and-true strategies will show you how to speed up your payoff and reach financial freedom faster. Let’s get into … 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. Hey there, friend! You’ve come to the right place if you want … Read more