Interest rates fluctuate daily and sometimes even more than once a day. If you have your eye on a specific interest rate, you may be anxious to lock it in when it’s available. Before you do, you should know the right time to lock an interest rate. Compare Offers from Several Mortgage Lenders. What is […]
How Does a Floating Interest Rate Work?
You may know a floating interest rate as an adjustable rate or ARM. When you have a floating rate, it doesn’t remain the same for the life of the term, as a fixed-rate does. An ARM changes according to its terms, typically on an annual basis. Get Matched with a Lender, Click Here. Keep reading […]
Can You Make a Mortgage Payment With Your Credit Card?
Paying your mortgage with a credit card would certainly help you rake in the rewards on your credit card, right? Unfortunately, it is pretty difficult to make this happen. Many credit card companies don’t allow you to use a credit card to pay another debt. Even if your credit card company allows it, the card […]
Who Pays Closing Costs in a Cash Sale?
If you are lucky enough to pay cash for a home you want to buy, you may think that you just hand over the exact amount of the purchase price and you own a home. While this would be great, it’s not the case. Even though you don’t have a mortgage, there are still closing […]
Do Different Credit Look-ups Affect Your Credit Score Differently?
You probably think that a credit look-up is a credit look-up, right? You aren’t alone; most people think that. But there are actually two different ways that lenders can pull your credit – they can do a soft inquiry or a hard inquiry. Each type affects your credit score differently. Compare Offers from Several Mortgage […]
How to Keep Medical Collections Away From Your Credit Report
Medical bills are a necessary nuisance. You need the medical care, but you may not always be able to afford the hefty bills that come along with the service. Sometimes medical bills get sent to collections while you wait for the insurance company to decide how much of the bill they will pay for you. […]
What’s the Difference Between Secured and Unsecured Debt?
When you have debt, you have one of two types – secured or unsecured. Before you take on any debts, it’s important to understand the difference so that you know what is at stake. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to learn how each work and the differences between the two. […]
The Top Mistakes People Make When Settling Debts
If you are in over your head in debt, you have two options. You can file for bankruptcy or you can try to settle the debts. Typically, settling the debts damage your credit card the least, which is why many people choose this option. Looking for Current Mortgage Interest Rates? Click Here. If you think […]
The Required Amount of Equity to Refinance a Rental Property
Many homeowners find it helpful to refinance either to lower their interest rate or even to take cash out of their home’s equity. When you want to refinance a rental property, though, you have a few different requirements. Mortgages on rental properties have higher rates of default than those on owner-occupied properties which makes lenders […]
How to Compare Bank Statement Loans from Different Lenders
If you are a smart borrower, you will shop around for your mortgage. There are many lenders that offer bank statement loans, but not all programs are created equal. How do you know which one is right for you? It is important to understand how to compare the terms, rates, and programs offered so that […]