Most preapprovals are good for 90 days, but some lenders issue 60-day and 30-day limits. Best practice is to get preapproved for a mortgage just before you begin serious house hunting. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com. When a lender issues a mortgage preapproval letter, the … Read more
Having a high debt-to-income (DTI) ratio can make it challenging to qualify for a home equity loan or home equity line of credit (HELOC). Lenders want to ensure borrowers have the ability to manage additional debt payments. But there are strategies you can use to improve your chances of approval, even with high DTI. What … Read more
Refinancing a personal loan from LendingClub can potentially help you lower your interest rate, reduce your monthly payments, or pay off your debt faster. In this comprehensive guide, I’ll explain when and how to refinance a LendingClub personal loan to save money. What Does It Mean to Refinance a LendingClub Personal Loan? Refinancing a loan … Read more
When you own an investment property, the goal is to earn a solid rate of return. If after several years of ownership you find your return is not what you expected, an investment property refinance may be the answer. Start the process by looking at investment property refinance rates to be sure they represent a … Read more
A home improvement loan can be a terrific way to spruce up your home, but it might feel challenging to find one that doesn’t require home equity. We searched for solid home improvement loans you can take out with little to no equity. The rates on these loans might be higher than those on secured … Read more
Facing foreclosure can be scary and overwhelming. However, there are loans and programs available that can help homeowners in financial hardship avoid foreclosure and stay in their homes. This article will explain the different types of loans and assistance that may stop a foreclosure. Communication is Key The first step when facing foreclosure is to … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
Navigating Loans to Pay Property Taxes: A Guide for Struggling Homeowners Property taxes are an unavoidable reality for homeowners. However, when an unexpected financial hardship arises, these recurring payments can quickly become burdensome. Failure to pay property taxes ultimately leads to foreclosure, a stressful fate no homeowner wants to encounter. In these situations, loans to … Read more
Mortgage forbearance and using home equity have both saved many households dealing with financial stress from foreclosure. In mortgage forbearance, lenders pause payments. It is only a short-term solution since most payments only pause for up to a year. Another option for dealing with financial burdens is to use the equity in your home to … Read more
There can be benefits to using a home equity loan to pay off credit card debt, including lower and fixed monthly payments. If you’re considering a debt consolidation loan, the benefits are similar. But home equity loans and debt consolidation loans differ from there, and using either to pay off credit card debt could have … Read more