Navigating the mortgage labyrinth can feel like a high-stakes game of chess. Youre keen to make your move towards homeownership, but what you say to your lender could tip the scales in or out of your favour. Ever wondered if theres a little too much sharing going on during those meetings?. Securing a mortgage is … Read more
In the past, certain actions like making a payment or acknowledging that you owe the debt could restart the clock on the limitations period. This created a problem where the statute of limitations could be constantly restarted. The issue is often referred to as “zombie debt. “. In 2019, changes in the law aimed to … 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 indicates you are statistically less likely to … 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. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more
As of now, you know when your loan closing will be. This is the big day when you’ll sign the papers and own your new home. It’s important to know what to expect on the day of the loan closing. This guide will tell you everything you need to know. Buying a house is an … Read more
Getting approved for an auto loan can be tricky especially if you have less-than-perfect credit. With lending requirements varying between financial institutions, you may be wondering which bank has the easiest auto loan approval? I took a close look at today’s top lenders to find the ones offering the most accessible loan approval process. Here’s … Read more
A 10-year ARM has an introductory interest rate for the first 10 years. Once thats over, the rate adjusts every six months. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are … Read more
If youre monitoring your credit score or preparing to apply for a mortgage, youve likely wondered, “How accurate is Credit Karma?” This comprehensive guide will answer that question and provide valuable insights into how to best use this popular free credit monitoring service. Credit Karma, which gives you access to VantageScores from TransUnion and Equifax, … Read more
Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is usually needed when the down payment is less than 20% of the total price of the house. PMI adds to your monthly payment and delays homeownership. However, there are strategies to eliminate PMI, including getting an … Read more
Imagine having the golden key to unlock the doors of financial opportunity—a 700 credit score. Your score is a numerical summary of your creditworthiness, akin to a financial report card that lenders use to evaluate the risk of lending you money. A score of 700 is often considered a threshold to better loan terms and … Read more
