When it comes to financing your home, the terminology can sometimes be incredibly confusing. There are cash-out refinances, home equity loans, and home equity lines of credit (HELOCs) that can help you get money from the value of your home. If you’re trying to understand a HELOC vs. a second mortgage, it’s helpful to know … Read more
A debt spiral can be a significant obstacle to reaching your financial goals. If you have a lot of different kinds of debt, like credit cards, student loans, car loans, and mortgages, you may get stuck in a never-ending cycle of debt because the interest on your debts keeps going up. Getting out of a … 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
Average auto loan interest rates can provide an idea of what APR to expect for your auto loan. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence … Read more
A mortgage or loan with a low interest rate can save you a lot of money over the life of the loan. But because interest rates change all the time, it can be hard to tell if you’re really getting a good deal. This article will go over in detail whether 2 75% is considered … Read more
Financing purchases can allow you to benefit from special financing offers and rewards, but may lead to debt. Cash purchases can allow you to avoid debt, but miss out on the ability to buy now and pay later. Financing purchases can allow you to benefit from special financing offers and rewards, but may lead to … Read more
Getting out of debt may seem daunting, especially if you have accumulated substantial credit card, auto loan, or student loan debts over the years. However, with some strategic planning and discipline, it is possible to become debt-free within a year. Here are 7 practical tips to help you get out of debt fast: 1. Make … Read more
While you havent spotted any obvious reasons to explain why your FICO® score has been dropping over the last few months, there may be less-than-obvious changes to your credit profile which may have caused this drop. Remember that your FICO score is a tool that tells lenders how risky it is to lend money to … Read more
When you’re buying a home, it’s important to consider the breakdown of your monthly expenses alongside the overall cost. One of the largest and most significant expenses you’ll pay each month after purchasing a home is a mortgage. Knowing how much of your monthly income you can put toward your mortgage payment will likely help … Read more
When you default on a secured loan, the lender may repossess the asset you used as collateral. If you have an unsecured loan, the lender could sell the debt to a collection agency, which could sue you to pay it back. When you default on a loan, it could trigger a range of negative consequences, … Read more