Wharton finance professor Michael R. Roberts reexamines whether, in the current financial climate, homeowners would be better off investing their excess money rather than using it to pay down their mortgage. In this opinion piece, Wharton finance professor Michael R. Roberts reexamines whether, in the current financial climate, homeowners would be better off investing their … Read more
Well-known providers of financial services, Experian and Credit Karma, provide digital tools that let you monitor your credit history and raise your credit scores. This is a summary of what they have to offer, how they vary, and how you could use them to strengthen your finances. Experian is a global financial-data company best known … Read more
By partially exempting qualifying disabled homeowners’ legal residence from property taxes, local governments and school districts can reduce the property taxes paid by these homeowners. A reduction of up to 20% is offered by this exemption in the assessed value of the qualifying disabled person(s)’ residence. Those municipalities that opt to offer the exemption also … Read more
Individual retirement accounts (IRAs) are supposed to be long-term investments. The Internal Revenue Service (IRS) does not want you to withdraw any money from them before you turn 59½ because they are meant to help you save for retirement. And in order to enforce that, you will typically owe income taxes and a 2010% penalty … Read more
So you’re thinking about refinancing your mortgage, but you’re worried because your debt-to-income ratio (DTI) is a bit on the high side. Don’t sweat it! While a high DTI can make things a little more challenging, it doesn’t mean you’re automatically out of the game. What is DTI and why does it matter? DTI is … Read more
Finding out if you will be able to qualify based on your current income level is the first step in the refinancing or purchasing a home process. For a conventional loan, you must make enough so your back-end DTI ratio does not exceed 43%. I’ll go over the minimum income requirements with you so you … Read more
Living paycheck to paycheck can be highly stressful. Unfortunately, many Americans find themselves in this situation. You might be wondering how to reach your goals given your current financial situation if you’re working hard to pay off debt. The following tips may help you pay off debt faster while living paycheck to paycheck. My response … Read more
Boosting Your Credit Limit: A Guide to Optimal Timing and Strategies Navigating the world of credit cards can be tricky, especially when it comes to managing your credit limit. While a higher limit offers greater flexibility and purchasing power, requesting an increase too frequently can negatively impact your credit score So, how often should you … Read more
Read this TDECU post to learn more about judgments, including what they are, how long they remain on your credit report, and more. Your credit score is that unassuming three-digit figure that credit bureaus compute and disclose upon request to prospective lenders to determine your likelihood or unreliability in repaying a loan. If there is … Read more
In the credit score range of 300 to 850, a score of 700 or higher is typically regarded as good. In the credit score range of 300 to 850, a score of 700 or higher is typically regarded as good. A score of 800 or above on the same range is considered to be excellent. … Read more