Bella Mertz Being self-employed, working part-time, or having inconsistent income for other reasons can make it difficult to navigate the mortgage application process. Lenders recognize that not everyone has a traditional 9-5 job. Here is all the information you need to know about mortgage lenders who don’t ask for tax returns, including information on mortgage preapproval, the … Read more
Summary Each state’s statute of limitations establishes when it is too late to seek repayment for a loan. You might not be shielded from having your car repossessed by the statute of limitations in your state. You won’t have to be concerned about debt collection or property seizure if you adhere to the terms of … Read more
We are an independent, advertising-supported comparison service. Our mission is to empower you to make more informed financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, allowing you to conduct free research and information comparisons, and publishing original and objective content. Partnerships between Bankrate and issuers like … Read more
To estimate the total cost of buying a car, including the purchase price, sales tax, and the numerous additional costs and fees that surface once you decide to make the purchase, use our free auto loan calculator. Your down payment, trade-in value, and cash rebate are taken into account when calculating the total loan amount … Read more
Under the Public Service Loan Forgiveness (PSLF) Program, you might be qualified to have the remaining balance of your Direct Loans forgiven if you: Use the PSLF Help Tool to find an employer that qualifies, learn what steps you might need to take to qualify for PSLF or Temporary Expanded Public Service Loan Forgiveness (TEPSLF), … Read more
You must pay interest on the amount you borrow when you take out a 401(k) loan. Find out the interest rates on 401(k) loans that you can anticipate. 3 min read. You are using the retirement funds you have been saving for retirement when you take a 401(k) loan. Since you are using your own … Read more
Loan officers can assist in accelerating the underwriting procedure during periods of high mortgage volume by paying attention to a few straightforward steps when submitting a borrower’s loan information. I was a mortgage underwriter for 20 years. I am aware of the steps necessary to quickly approve a mortgage loan from the viewpoint of an … Read more
When considering financing options for your small business, you’ll probably come across two repayment plans. One arrangement might mandate that you pay back your debt in equal monthly payments. The alternative structure might enable you to make repayments on your own terms. Other terms may be used to describe the latter category, leaving you to … Read more
Some inquiries I’ve received about mortgages and loans in general concern whether it’s a good idea to make additional principal payments. Please feel free to download the Extra Mortgage Payments Calculator for Excel and continue reading this page if you have any similar questions. Advertisement. Why Make Extra Mortgage Payments? There may be many reasons … Read more
Recently we moved houses. And with the house move, came a brand new mortgage. But I find it a little difficult to accept the steady nature of mortgage payments as a self-employed person with variable income. I therefore wanted to know what effect making arbitrary additional payments would have on my mortgage. Unfortunately, I couldn’t … Read more