Closing on a home loan can seem complicated and overwhelming, with stacks of paperwork, multiple parties involved, and a lot of money changing hands. However, understanding the step-by-step process that occurs during a typical loan closing can help you feel prepared and make the experience go smoothly. In this article, we’ll walk through exactly what … Read more
Youâve finally sold your house and are happy with the deal. Naturally, your next question is: When do I get my money after closing? Getting your money can take anywhere from a few days to a few weeks, depending on how you choose to be paid and how the closing goes. Â. Paying off your … Read more
Can Creditors Garnish a Joint Bank Account? When it comes to managing your money, having a joint bank account with your spouse or another family member can be helpful. But there are some risks when it comes to collecting debts. Creditors may be able to garnishee funds from a joint account to pay off the … Read more
Keeping your debt at a manageable level is one of the foundations of good financial health. But how can you tell when your debt is starting to get out of control? Fortunately, there’s a way to estimate if you have too much debt without waiting until you realize you can’t afford your monthly payments or … Read more
Its commonly known that the better your credit reports and credit scores, the better interest rates and terms youre likely to get from lenders and other service providers. Solid credit reports and scores indicate a lower level of credit risk, which can cause lenders to feel more comfortable offering attractive terms. If you have poor … Read more
Millions of people in the UK are struggling with personal debt. It’s more important than ever to understand the size and effects of personal debt in a time when living costs are going up and the economy is uncertain. This article will give you a full picture of the latest data and trends on the … Read more
How Long Does FHA Underwriting Take in 2021? What You Need To Know Some steps in the FHA loan process take a long time. One of the longest is often the underwriting process. If you want to buy a house in 2021, you may be wondering how long FHA underwriting takes. During the underwriting process, … Read more
Paying off your mortgage can be a game-changer for your financial health and overall financial confidence. Data collected by NASDAQ suggests that while only 28% of homeowners below retirement age have paid off their homes, nearly 63% of those 65+ have done so. These statistics highlight Americans’ importance in entering retirement with freedom from what … Read more
In the past, making a payment or admitting that you owed the money could start the clock on the limitations period all over again. 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
Getting a house is probably one of the most important financial choices you’ll ever make. Finally, your credit score is a big part of whether you can get a mortgage and what the terms of the loan are. One of the most important things to know before you buy a house is what credit score … Read more