If you have the funds to pay off your mortgage loan early, you might think it’s in your best interest to do so. However, before you pay it off, there are some things you might want to consider. For example, will you be subject to a prepayment penalty? Should you put...
Homeowners come from all backgrounds and occupations, which means the mortgage loan process can’t be the same for each person. A major piece of the application process involves presenting your income to your lender. This proves you can make your mortgage payments on...
Becoming a physician involves sacrifice. There are many hidden costs, personal and otherwise, necessary to get that medical degree. By the end of that long journey, most new doctors have a considerable amount of academic debt and not much in the way of savings....
Life is unpredictable, and there may come a time when you face temporary financial hardship and are unable to pay your monthly mortgage payments on time. Hopefully this won’t be the case, but it’s important to be aware of your options during times of struggle....
Your financial identity relies heavily on your credit report. If you find credit report errors, it's essential to take steps to correct them as soon as possible. You can dispute credit report errors by providing supporting documentation to the three leading...
If you're thinking about buying a home or are in the early stages of property searching, it's worth taking a look at your credit score. Many financial institutions and lenders use your credit score, and more specifically your FICO score, to determine whether you...
After staring at a growing pile of bills, you've decided to get ahead of the situation through a debt consolidation loan. Compiling various current unsecured debts into a single, more manageable monthly payment can reduce some of the stress you're feeling. It can also...
This debt consolidation guide is intended for anyone who wants to bring their debt payments under control but unsure of the available options. In this debt consolidation guide, we'll dig into four key areas: What is debt consolidation? When should you...
The New York Federal Reserve recently released its Quarterly Report on Household Debt and Credit. In it, they reported consumer debt in the United States increased by more than $85 billion in the third quarter of 2020, hitting an all-time high of $14.35 trillion. With...
CNN is reporting that consumer debt is higher than ever. Americans are diving deeper and deeper into the red. As of this month, outstanding consumer debt exceeded $4 trillion for the first time, according to the Federal Reserve. Relatively strong holiday spending,...