As your lender works to verify the information in your loan application, you may receive revised Loan Estimates. These new Loan Estimates indicate that something important has changed about the loan and its costs. Buying a home is a big deal, and there are a lot of things to think about, including how much you … Read more
You’ll probably notice that a debt has been closed or charged off on your credit report if you miss payments on one of your credit accounts. As you might expect, this has repercussions on your credit score and credit report. When that happens, you need a solid understanding of your options to make a wise … Read more
If you’re having trouble paying your income taxes, you might be eligible for an installment plan offered by the Internal Revenue Service. The minimum monthly payment for your plan depends on how much you owe. If you are unable to pay your taxes, you might be eligible for an Internal Revenue Service (IRS) installment plan. … Read more
Ever wondered what lurks within your credit report? This crucial document holds the key to your financial well-being, influencing everything from loan approvals to job prospects. Fortunately, you have the right to access this information for free, thanks to the Fair Credit Reporting Act (FCRA). What is a Credit Report? Think of your credit report … Read more
Whether it’s your first credit card application or you’re trying to rebuild your credit, applying for a credit card can be a big decision. The first step is finding a card that meets your needs and comes with helpful benefits. Thatâs where the Capital One Platinum Mastercard comes in. It can be a great starter … Read more
Negative, inaccurate items on your credit report can have a big impact on your credit score and make it harder for you to get credit, get a better interest rate, get your ideal job, or even rent an apartment. In many ways, this detrimental effect can be disastrous, but it gets worse if the false … Read more
Following the announcement from the Federal Housing Finance Agency (FHFA), we are raising the maximum baseline conforming loan limit as well as the high-cost area loan limit. FHFAs seasonally adjusted, house price index data indicate that house prices increased 12. 21%, on average, between the third quarter of 2021 and 2022. Therefore, the maximum baseline … Read more
The Short Answer: No, it’s not exactly the same. While you’ll end up paying off the principal in the same amount of time, the total cost will likely be higher with a 30-year mortgage due to higher interest rates The Long Answer: Many homeowners dream of being mortgage-free as soon as possible. To simulate a … Read more
Yes, you can buy a house with a 654 credit score In fact, you have a couple of main options. With a credit score of 580 or higher, you can qualify for an FHA loan to buy a home with a down payment of just 3.5%. If you have a credit score of 620 or … Read more
Taking out a Spot Loan can be a tempting solution when faced with unexpected expenses However, it’s crucial to understand the potential consequences of falling behind on your payments. This guide delves into the ramifications of failing to pay your Spot Loan on time, helping you make informed decisions about your financial obligations. Understanding Spot … Read more