What Percentage of Your Salary Should Go to Your Mortgage? A Comprehensive Guide

We are an independent, advertising-supported comparison service. Our objective is to empower you to make confident financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, and allowing you to conduct free research and information comparisons. Issuers that Bankrate has partnerships with include American Express, Bank of America, … Read more

Are You Ever Too Old to Get a Mortgage?

You might be surprised at how mortgage lenders rate older borrowers, whether you’re looking for help financing the Victorian fixer-upper of your dreams, unlocking the value of the house you’ve lived in for years, or taking advantage of rates that are still at almost historic lows. • Age doesn’t matter. Despite what might seem counterintuitive, … Read more

What Credit Score Do You Need to Buy a HUD Home?

We are an independent, advertising-supported comparison service. Our objective is to empower you to make confident financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, and allowing you to conduct free research and information comparisons. Issuers that Bankrate has partnerships with include American Express, Bank of America, … Read more

Do Utilities Count in a Debt-to-Income Ratio?

In a Nutshell: Your debt-to-income ratio, which contrasts your monthly loan balance with your income, is one of the numerous factors that lenders consider when you apply for a mortgage. Here’s how this important number is calculated and what you need to know about it. Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, … Read more

Why Did I Get a Disbursement Check?

A disbursement check is a payment made to an individual or organization, typically from a business account You might receive a disbursement check for various reasons, including: Payroll: Your employer may issue a disbursement check for your salary or wages. Reimbursement: You may receive a disbursement check to reimburse you for expenses you incurred on … Read more

Cash to Close vs. Closing Costs: What’s the Difference?

International humanitarian organizations claim they still encounter violence and practical challenges when attempting to provide aid throughout the famine-threatened region, following the death of World Central Kitchen aid workers in Gaza due to an Israel airstrike that drew international condemnation. A week after the World Central Kitchen attack, UNICEF spokesperson Tess Ingram tells TIME over … Read more

Should I Pay Off Old Debts to Improve My Credit?

If your lender uses an outdated credit scoring model, paying off collections may not affect your score. However, paying off collections may raise your score from the most recent models. Regardless of whether it will raise your score quickly, paying off collection accounts is usually a good idea. Experian, TransUnion and Equifax now offer all … Read more