The current average mortgage rate for someone with a good credit score (700) was 7. 42% as of January 3, 2025, according to Curinos data. Your credit scores can directly impact your eligibility for a mortgage and the interest rate you receive. You may need a score in the high 700s (or higher) to get … Read more
Hey there, if you’re asking yourself, “How do I separate my credit from my husband?” you’re probably in the middle of a divorce storm, and let me tell ya, it ain’t no picnic. Here’s a jaw-dropper to kick things off did ya know that a huge chunk of folks—around 38%—see their credit score tank by … Read more
2024. 7 Update: The new card Robinhood Gold Card real 10K gold version is 36g in weight! This is the heaviest ever credit card. But this real 10K gold version is only available for a short time, and to get it, you have to get 10 friends to do the same, which is tough. There … Read more
For many homeowners, home loans from the Federal Housing Administration (FHA) make homeownership attainable and affordable. This type of home loan has less stringent requirements than conventional loans. But even though the rules are less strict, FHA mortgages still have rules that buyers must follow, such as paying the closing costs. You should know the … Read more
Churning in mortgage refers to the unethical practice of mortgage lenders aggressively soliciting existing borrowers to refinance their current mortgage, often with little to no financial benefit to the borrower. It involves repeatedly refinancing a mortgage loan and charging the borrower extra fees and costs each time, without actually saving them money. How Does Mortgage … Read more
A good credit score can help you get lower interest rates on credit cards and loans, increase your approval odds when applying to rent a house and potentially even lower your insurance premiums. To get the benefits of good credit, though, you’ll need to work on it and stay away from mistakes that can hurt … Read more
Applying for a new credit card can complicate your homebuying experience. To keep credit problems to a minimum while you’re getting a mortgage, it’s best not to make any big changes to your credit, like getting new credit cards. Getting a mortgage to buy your dream home can be an exciting yet stressful process. You … 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
If you’ve ever wondered, “What is APR on a loan?” then you’ve come to the right place. I’ll explain it in simple terms, without any complicated financial language. APR, or Annual Percentage Rate, is the cost of borrowing money each year. It’s important to know this when you take out any kind of loan, like … Read more
Life happens and sometimes you find yourself in a financial rough patch, unable to pay your bills. In the end, those bills may be sent to collections, where a third party will try to get the money back for the original creditor or business. If you have unpaid collections, you may be wondering about your … Read more