People who owe money often find it hard to understand what’s going on, like when the same debt is reported by more than one collection agency. If you’ve found yourself in this situation and are wondering how it’s possible (or legal) we’ll explain how this happens, why it matters, and what you can do about … Read more
Buying a second house when you already own one isn’t something FHA loans typically allow, but there can be 2nd FHA loan exceptions. At the Wendy Thompson Lending Team, we can help you get a second FHA loan as a second-time homebuyer. Here’s what you must know. Hey there, second-time homebuyers in Tennessee and Mississippi! … Read more
Income-Driven Repayment plans, such as IBR, PAYE, and SAVE, allow borrowers to make payments based on what they can afford rather than what they owe. Borrowers on these plans may wonder what happens to their student loan payments if they receive a large gift or inheritance. Will it cause their monthly payments to increase?. The … Read more
If you’ve ever been uninsured, under-insured, or had a high co-pay that you couldn’t afford, you may be faced with some medical debt. But what happens if you just don’t pay it? Does it ever go away?. These are all good questions. The short answer is that medical debt may disappear from your credit report … Read more
The Federal Housing Administration (FHA) has more lenient borrowing requirements than some other types of home financing. The catch: extra FHA closing costs. Before you apply for an FHA loan, learn more below about what you’ll pay. Key takeaways. Getting an FHA loan to buy a house can be a great option, especially for first-time … Read more
Since identity theft is a big problem right now, it’s not surprising that a lot of people are hesitant to give out personal information. That is especially true as we enter a time when working remotely is becoming more common. Employers you’ve never seen ask you to email private information but remember that knowledge is … Read more
Credit score calculated based on the FICO® Score 8 model and is provided for educational purposes. American Express and other lenders may decide whether to give credit based on a FICO® Score version other than FICO® Score 8 or on some other type of credit score and other data. FICO is a registered trade mark … Read more
Getting a loan from a bank can be a great way to finance large purchases or consolidate debt. But when it comes to personal loans, there are limits on how much you can borrow So what is the biggest loan you can get from a bank? The short answer is that most banks top out … Read more
An investment property can be a steppingstone to a brighter financial future. However, itâs important to know that youâll need to make a larger down payment than you do when buying a home to live in. Read more to find out how much of a down payment you need to buy an investment property and … Read more
The best banks for millionaires offer private financial and wealth management services to grow your money even further. Some of the most well-known banks, like JP Morgan, Wells Fargo, Bank of America, Citi Bank, and Goldman Sachs, offer private banking services to people with net worths of more than $1 million. In addition to premium … Read more