The stakes are high for first-time homebuyers applying for a mortgage. It’s only natural to wonder how your credit scores will impact your mortgage application. Buying a house is an exciting milestone in life. However, it also involves a lot of financial planning and preparation. One of the key factors lenders consider when approving a … Read more
Yes, you can get a mortgage even if you have credit card debt, but you may have to go through some extra steps. How credit card debt affects the mortgage approval process can help you get ready for the process of buying a home. Key takeaways. How Much Credit Card Debt is Too Much for … Read more
While paying off your debts often helps improve your credit scores, this isn’t always the case. After making payments on a loan or credit card debt, it’s possible that your credit score will go down. However, that doesn’t mean you should ignore what you owe. The benefits of paying your debts are far greater than … Read more
This is a normal part of the debt collection process. It applies to most common types of consumer debt including: If you’ve ever been hounded by a debt collector over an old bill you don’t even remember, you may have wondered, “How many times can a debt be resold, anyway?” Well, I’m here to tell … Read more
Buying a house is an exciting milestone – in fact, 94% of Americans say that owning a home is part of the American dream. However, its important to be aware of the things not to do after buying a house. Avoiding common mistakes can save you time, money, and stress. Whether youre a first-time homeowner … Read more
Have your spending habits and financial goals changed since you got your current credit card? Maybe youâre ready to start earning more rewards. Or maybe you arenât using your card enough to justify its annual fee. Whatever the case may be, it could be time for a change. If youâre interested in a different card, … 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
Many employers, especially when hiring for positions that include financial management, perform credit checks on job candidates before making employment offers. Employers may use credit report information to verify an applicants identity and to look for signs of excessive debt or past financial mismanagement. Employers cannot see your credit score, but they can view a … Read more
Don’t wait to call your mortgage servicer if you can’t pay your mortgage or think you might miss a payment. You should also contact a HUD-approved housing counseling agency to get free, expert assistance on avoiding foreclosure. Hey there, friend! Ever wondered if you can just stroll up to your lender with a fat stack … Read more
Right now, home equity levels are high for many homeowners across the nation. According to a recent Black Knight report, the average mortgage holder currently has about $199,000 in usable equity available to them. This is because there aren’t enough homes for sale and more people want to buy because mortgage rates were low during … Read more
