For some people, the idea of paying more than what they have to each month on their mortgage may seem crazy at first. But upon more in-depth analysis, overpaying your mortgage can often make plenty of sense. Of course, you should give this a lot of thought before deciding whether to put more money toward … Read more
If you got a mortgage to pay for your house, you probably agreed to pay back hundreds of thousands of dollars. For this reason, lenders wont lend to just any borrower. Before giving you the green light, a lender will likely take a close look at your finances, including your credit score. Heres what credit … Read more
FICO Score 8 is one of the many different versions of FICO credit scores. Since FICO Score 8 was launched, two newer versions of base scoresâFICO Scores 9 and 10âhave been released. However, FICO Score 8 remains one of the most widely used FICO credit scores. Find out more about FICO 8, such as how … Read more
Owning a home is a significant achievement, but the journey to becoming mortgage-free can often feel like a marathon. Accelerating this process and paying off your mortgage early can be enticing, but is it the right financial move for you? Lets explore the pros and cons of mortgage prepayment. Mortgage prepayment refers to paying off … Read more
It’s been a year since you got married, but you still need to take care of your student loan debt. The first thing you should do is look up both of your loans to see what kind of loan they are, how much they are still owed, how much you pay each month, and what … Read more
Hey there, friend! If you’re wondering, “How often does my credit score go up?” you ain’t alone We’ve all been there, staring at that three-digit number like it’s the key to our dreams, hoping for a bump Well, I’m here to break it down for ya in plain English. Spoiler alert there’s no magic clock … Read more
Financial institutions try to lower the risk of lending money to people by checking the credit of people and businesses that want to open a new credit account or loan. This review process is based on a review of five key factors that predict the probability of a borrower defaulting on his debt. Called the … Read more
Credit score ranges vary across creditors and score types. For base FICO® Scores, the credit score ranges are: There are many ways to figure out your credit score, but the ones that FICO and VantageScore® use have a score range of 300 to 850. A higher credit score can make you more appealing to lenders … Read more
It may be easier to stick to your budget if you take out a loan with a longer term, but this may not be the case for everyone. Purchasing a car with a long-term car loan has become more common in recent years, but that doesnt mean its the right move for everyone. Long-term car … 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