To get a 2% APR car loan, you usually need good credit, a steady income, and a low debt-to-income ratio. But even if you qualify, your vehicle options may be limited. It may sound too good to be true, but getting a car loan with a 0% annual percentage rate (APR) is possible. However, not … Read more
FHA loans are one of the most popular loans for homebuyers because they have various benefits such as: But can your credit score affect the home-buying process for an FHA loan? Throughout this article, we’re going to walk you through everything you need to know regarding how your credit score affects FHA loans. We’ll also … Read more
Even if you’re not used to credit scores, you might be shocked to see a three-digit number when you check them for the first time. Thatâs because your credit score doesnât start at zero. Find out where your credit score comes from and why it’s important to be responsible with credit from the start by … Read more
Making mortgage overpayments can help you save money in interest and clear your mortgage sooner. But first you should find out if there are fees or limits on how much you can overpay, and you should be sure that it’s the right thing to do for you. If you’re considering overpaying on your mortgage, it’s … Read more
Getting a new job or volunteering for an organization often requires undergoing a background check. This helps employers or organizations vet candidates and avoid potential issues down the line. One common element of background checks is checking a candidate’s credit history and score. But does your credit score actually impact whether you pass a background … Read more
Living on your own creates a whole new level of responsibility. These tips can help you handle the job. Moving out of your parents’ house is a good way to get a quick education in life. The challenges of getting your finances in order, paying off student loans and learning to budget—and doing it without … Read more
In the pursuit of homeownership, affordability and accessibility are essential considerations. This is particularly true for borrowers navigating the real estate landscape for the first time or with limited financial means. Among the options available, FHA loans can help ease the financial barriers of buying a home. However, additional monthly costs and FHA housing standards … Read more
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. Credit scores between 300 and 850 are good, with a score in the mid to high 600s or higher being … Read more
FICO Scores are calculated using many different pieces of credit data in your credit report. The five groups that this data is divided into are payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%), and credit mix (10%). Your FICO Scores consider both positive and negative information in your credit … Read more
You can build credit with a credit card by regularly using the card, using a small amount of your credit limit and making all of your payments on time. By following these tips, you can build a good credit score. Credit cards are one of the best ways to build credit and raise your credit … Read more