An FHA mortgage appraisal is a type of home appraisal completed for Federal Housing Administration (FHA) loans. FHA appraisals are considered more rigorous than standard home appraisals. If you’re using an FHA loan to buy or refinance a house, or if you’re selling your home and the buyer is using an FHA loan, you need … Read more
You should try to spend no more than 10% of your monthly take-home pay on your car payment, but you may have some room for error. 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 … Read more
Are Car Loans Open or Closed? A Comprehensive Guide to Understanding Auto Financing When it’s time to get a new set of wheels one of the first things you’ll need to decide is how you plan to pay for your car purchase. Most people finance their vehicles through an auto loan rather than paying the … Read more
Most people pay their credit card bill once a month, but youre allowed to pay more frequently. Technically you can pay your credit card bill as often as you want. Some people prefer to pay bi-weekly or even weekly. While it might sound unnecessary, making weekly payments can actually boost your credit score and have … Read more
Understanding your credit score is vital to your financial health. Your credit score is a big part of whether or not you can get loans, credit cards, mortgages, rent, and other things. If your credit score is high, you may not have to pay as much interest on your loans over their lifetime. You can … Read more
It can be more difficult, but it’s certainly not impossible to get a mortgage when you’re older. This article talks about which lenders have the most flexible mortgage age limits, how to apply for a mortgage as an older borrower, and how to choose the best option for your needs. Latest mortgage statistics show that … Read more
When you check your credit scores for the first time, you might be surprised to find a three-digit number, even if youâre new to credit. Thatâs because your credit score doesnât start at zero. Find out where your credit score comes from and why it’s important to be responsible with credit from the start by … Read more
If you need cash for big costs like renovations, debt consolidation, or other big expenses, it can be tempting to take equity out of your home. You don’t have to refinance into a cash-out mortgage, though. There are other ways to get access to your home equity besides refinancing. What is Home Equity? Home equity … Read more
Because home prices are going up, 8/10/10 piggyback loans are a popular choice for people who need to borrow more than the conforming loan limit and need a Jumbo Loan. Let’s talk about what a piggyback loan is, how it works, and how to choose if it’s right for you! Piggyback loans allow homebuyers to … Read more
We get this question all the time, and to answer it, we need to start with the basics: Why do people ask for credit scores? Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Credit scores are calculated using information in your credit report. Your credit scores are based on … Read more
