Getting a mortgage can be scary, whether you are buying a home for the first time or coming back to the market after a long break. By learning what lenders look at when deciding whether to make a loan, youll be more confident in navigating the mortgage application process. Standards may differ from lender to … Read more
SNDAs are helpful for both commercial real estate lenders and tenants, and they help them build a relationship that might not have existed otherwise. While lenders often seek them out when mortgaging to property owners, if it is a lender’s first time foreclosing on a property, the presence of an SNDA in the agreement might … Read more
The buying and selling of debt portfolios have become a significant sector within the financial industry, attracting a wide array of buyers ranging from large institutions to smaller, specialized firms. But who buys these debts, and why do they invest in loans that haven’t been paid back, credit cards that have been charged off, and … Read more
The recent Amazon-Visa spat wont hinder cardholders in the U. S. as they go about their holiday shopping — but there still could be some fallout later. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this … Read more
In the U. S. , there are three national credit bureaus (Equifax, Experian and TransUnion) that compete to capture, update and store credit histories on most U. S. consumers. While most of the information collected on consumers by the three credit bureaus is similar, there are differences. For example, one credit bureau may have unique … 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
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own. If you have good credit, a good credit card APR may be easy to come … Read more
It might come up whether a credit card or debit card is the best way to pay if you don’t have cash on hand. You can use both a debit card and a credit card, or you can just use the plastic card that is closest to you at the time. Both a credit card … Read more
The COVID-19 pandemic shook the economy in ways that had never been seen before. To help, the US government sent stimulus payments to Americans. A lot of people want to know if the stimulus package in 2021 was an advance payment. Let’s find out. Overview of COVID-19 Stimulus Packages To cushion the economic blow of … Read more
Getting a mortgage can seem like a maze of paperwork and requirements. One key document that gives mortgage lenders insights into your financial fitness is your tax returns. But how many years of tax returns do they need to review? Let’s break down exactly how far back mortgage lenders dig into your taxes. Why Lenders … Read more